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 58 is higher than 80% 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 specific emissions of 8,000 kg CO2e from Scope 1 and 1,665,000 kg CO2e from Scope 2. Notably, Scope 3 emissions accounted for about 1,148,478,000 kg CO2e, highlighting the significant impact of indirect emissions in their value chain. For the UK operations in 2024, Hiscox's Scope 1 emissions were approximately 442,500 kg CO2e, while Scope 2 emissions totalled about 65,000 kg CO2e, leading to a combined total of around 507,500 kg CO2e for both scopes. This data indicates a commitment to transparency in emissions reporting. Hiscox has set ambitious reduction targets, aiming to reduce Scope 1 and 2 emissions by 50% by 2030, using a 2020 adjusted baseline. This commitment reflects their proactive approach to climate action and aligns with industry standards for sustainability. The emissions data is not cascaded from any parent company, ensuring that the figures represent Hiscox's direct impact. Overall, Hiscox's climate commitments and emissions data demonstrate a clear strategy towards reducing their carbon footprint and addressing climate change effectively.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 000,000 | 000,000 | 000,000 | 000,000 | 0,000 |
| Scope 2 | 1,916,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 4,906,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 |
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.
