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Hiscox Insurance Company Inc.
Hiscox Insurance Company Inc., commonly referred to as Hiscox, is a leading specialist insurer headquartered in the United States, with significant operations across North America and Europe. Founded in 1901, Hiscox has established a strong reputation in the insurance industry, focusing on providing tailored coverage for small to medium-sized enterprises (SMEs) and high-net-worth individuals. The company offers a diverse range of products, including professional liability, property insurance, and cyber risk coverage, distinguished by their commitment to exceptional customer service and bespoke solutions. Hiscox's innovative approach has positioned it as a market leader, earning accolades for its robust underwriting practices and financial strength. With a rich history and a forward-thinking ethos, Hiscox continues to set benchmarks in the insurance sector, catering to the evolving needs of its clients.
DitchCarbon Score
How does Hiscox Insurance Company Inc.'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 Insurance Company Inc.'s score of 34 is higher than 54% 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 Insurance Company Inc.'s reported carbon emissions
In 2022, Hiscox Insurance Company Inc. reported total carbon emissions of approximately 2,253,000 kg CO2e, comprising 455,000 kg CO2e from Scope 1 and 1,798,000 kg CO2e from Scope 2 (market-based). This reflects a notable increase from 2021, where emissions were about 1,693,000 kg CO2e, with 433,000 kg CO2e from Scope 1 and 1,219,000 kg CO2e from Scope 2 (market-based). Hiscox has set ambitious climate commitments, achieving a significant 45% real-term reduction in Scope 1, 2, and 3 carbon emissions per full-time equivalent (FTE) from 2014 to 2020. This target aimed for a 15% reduction by the end of 2020, which was surpassed, although some reductions were influenced by decreased business travel during the COVID-19 pandemic, a major contributor to their emissions. The emissions data for Hiscox is cascaded from its parent company, Hiscox Ltd, as part of a corporate family relationship. The company currently does not disclose Scope 3 emissions data, which limits the overall understanding of its carbon footprint. Hiscox continues to focus on reducing its environmental impact through various initiatives, although specific future targets have not been detailed.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 467,000 | 000,000 | 000,000 |
| Scope 2 | 1,565,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 231,000 | - | - |
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 Insurance Company Inc. 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.
