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 53 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. This figure includes 408,900 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 10,431,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, heat, and steam. The majority of their emissions, about 24,462,000 kg CO2e, fall under Scope 3, which includes all other indirect emissions that occur in the value chain. Comparatively, in 2022, Hiscox's total emissions were approximately 21,010,800 kg CO2e, indicating an increase in emissions year-on-year. The breakdown for 2022 shows 786,600 kg CO2e from Scope 1 and 926,100 kg CO2e from Scope 2, with Scope 3 emissions at 19,298,100 kg CO2e. Despite the increase in total emissions, Hiscox has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to disclose its emissions across all three scopes, demonstrating transparency in its climate impact reporting. Hiscox's emissions data reflects its ongoing commitment to understanding and managing its carbon footprint, although further commitments to reduction strategies would enhance its climate action profile.
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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.
