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 47 is higher than 71% 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 2020, Hiscox Insurance Company Inc. reported total carbon emissions of approximately 2,263,000 kg CO2e. This figure includes 467,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 1,565,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions, which account for indirect emissions from the value chain, totalled 231,000 kg CO2e. Hiscox has made significant strides in reducing its carbon footprint, achieving a 45% real-term reduction in Scope 1, 2, and 3 emissions per full-time equivalent (FTE) from 2014 to 2020. This reduction surpassed their initial target of 15% by the end of 2020. The company attributes part of this success to the impact of Covid-19, which notably decreased business travel, the largest contributor to their emissions. Looking ahead, Hiscox has set an ambitious interim target to achieve a 50% reduction in emissions across all scopes by 2030, as part of their commitment to net zero. This target is part of a broader strategy to enhance sustainability and mitigate climate change impacts. The emissions data reported by Hiscox is cascaded from its parent company, Hiscox Ltd, reflecting a corporate family relationship that influences its sustainability initiatives.
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| 2020 | |
|---|---|
| Scope 1 | 467,000 |
| Scope 2 | 1,565,000 |
| 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.
