Hiscox
Hiscox Ltd, a leading specialist insurer, is headquartered in the United States and operates extensively across North America, Europe, and Asia. Founded in 1901, Hiscox has established a strong reputation in the insurance industry, focusing on providing tailored coverage for businesses and individuals. The company is renowned for its core products, including professional indemnity, property, and liability insurance, which are designed to meet the unique needs of various sectors. Hiscox distinguishes itself through its commitment to exceptional customer service and innovative underwriting practices. With a robust market position, Hiscox has received numerous accolades for its performance and reliability, solidifying its status as a trusted partner in the insurance landscape.
DitchCarbon Score
How does Hiscox's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hiscox's score of 55 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hiscox's reported carbon emissions
In 2023, Hiscox reported total carbon emissions of approximately 25,914,000 kg CO2e, with Scope 1 emissions at about 408,900 kg CO2e and Scope 2 emissions (market-based) at around 1,043,100 kg CO2e. The company has shown a commitment to reducing its carbon footprint, with a notable decrease in Scope 1 emissions from about 455,700 kg CO2e in 2022 to 408,900 kg CO2e in 2023. Hiscox has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the company continues to monitor and report its emissions across all relevant scopes, including Scope 3, which accounted for approximately 24,462,000 kg CO2e in 2023. Overall, Hiscox's emissions data reflects a proactive approach to understanding and managing its environmental impact, although further commitments and targets would enhance its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 615,100 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 1,111,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 20,347,900 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hiscox is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
