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 2024, Hiscox reported total carbon emissions of approximately 24,190,900 kg CO2e globally, with significant contributions from Scope 1 and Scope 2 emissions. Specifically, Scope 1 emissions totalled about 549,400 kg CO2e, while Scope 2 emissions amounted to approximately 1,029,400 kg CO2e (market-based). In the UK, Hiscox's emissions for the same year were about 941,300 kg CO2e, with Scope 1 emissions at approximately 442,500 kg CO2e and Scope 2 emissions at about 65,000 kg CO2e (market-based). Comparatively, in 2023, Hiscox's global emissions were around 25,914,000 kg CO2e, with Scope 1 emissions of about 408,900 kg CO2e and Scope 2 emissions of approximately 1,043,100 kg CO2e (market-based). The UK figures for 2023 showed total emissions of about 816,100 kg CO2e, with Scope 1 at approximately 301,700 kg CO2e and Scope 2 at about 38,000 kg CO2e (market-based). Despite these figures, Hiscox has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term sustainability strategies. Overall, Hiscox's emissions data reflects their operational impact, highlighting the importance of ongoing efforts to address climate change within the insurance industry.
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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.
