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 39 is higher than 58% 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 2022, Hiscox reported total carbon emissions of approximately 21,011,000 kg CO2e. This figure includes 786,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 927,000 kg CO2e from Scope 2 emissions, related to purchased electricity and heat. The majority of their emissions, about 19,298,000 kg CO2e, fall under Scope 3, which includes indirect emissions from the value chain, notably from investments. Hiscox has set ambitious targets to reduce its carbon footprint, aiming for a 50% reduction in Scope 1 and 2 emissions by 2030, using a 2020 adjusted baseline. This commitment reflects the company's proactive approach to addressing climate change and aligns with industry standards for sustainability. The emissions data is not cascaded from any parent company, indicating that Hiscox is independently reporting its environmental impact. The company continues to monitor and disclose its emissions across all relevant scopes, demonstrating transparency and accountability in its climate commitments.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 615,000 | 000,000 | 000,000 |
| Scope 2 | 1,111,000 | 000,000 | 000,000 |
| Scope 3 | 27,461,000 | 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.
