Hiscox Ltd
Hiscox's GHG Emissions Data Preview
In 2024, Hiscox completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Hiscox has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Hiscox’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hiscox’s data sources below and access millions more through our Disclosure Search.
Insights into Hiscox's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Hiscox amounted to 1,910 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hiscox increased by 3.25%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Hiscox's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hiscox's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Hiscox were 549.4 metric tons of CO₂ equivalent (tCO₂e). a
Has Hiscox reduced its Scope 1 emissions over time?
Since 2020, Hiscox's Scope 1 emissions have decreased by 10.68%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Hiscox's Scope 1 emissions increased by 34.36%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Hiscox's Scope 2 emissions?
In 2024, Hiscox reported Scope 2 greenhouse gas (GHG) emissions of 1,029.4 tCO₂e using the market-based method and 1,360.6 tCO₂e using the location-based method. a
Has Hiscox reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Hiscox's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hiscox 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Hiscox use for Scope 2 reporting?
In 2024, Hiscox reported its Scope 2 emissions using the market-based method and using the location-based method. a
Hiscox's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Hiscox's Value Chain Emissions
In 2024, Hiscox reported 162,557.8 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Hiscox includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Hiscox's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hiscox's Scope 3 emissions?
In 2024, Hiscox reported total Scope 3 emissions of 162,557.8 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Hiscox reduced its Scope 3 emissions over time?
Since 2020, Hiscox's Scope 3 emissions have remained relatively stable, indicating that Hiscox 's emissions have plateaued with no significant change in its value chain footprint. a
Compared to the previous year (2023), Hiscox's Scope 3 emissions remained relatively stable, indicating that Hiscox 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Hiscox disclose?
In 2024, Hiscox reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Hiscox's Scope 3 emissions?
In 2024, the largest contributors to Hiscox's Scope 3 emissions were: a
- Investments (Cat. 15): 126,997 tCO₂e (100%)
Hiscox's Scope 3 Emissions by Categories
Insights into Hiscox’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hiscox reported Scope 1 greenhouse gas (GHG) emissions of 549.4 tCO₂e and total revenues of USD 3,675 millions. This translates into an emissions intensity of 0.15 tCO₂e per millions USD. a
Hiscox's Scope 1 Emissions Intensity Compared to Peers
How does Hiscox's GHG emissions intensity compare to its peers?
In 2024, Hiscox reported a Scope 1 emissions intensity of 0.15 tCO₂e per millions USD. Compared to the peer group median of 0.4 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Hiscox rank on GHG emissions intensity within its industry?
In 2024, Hiscox ranked 6 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Hiscox is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Hiscox's Total Carbon Footprint
In 2024, Hiscox reported a total carbon footprint of 164,467.8 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.97% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Hiscox's total carbon footprint was Scope 3 emissions, accounting for 98.84% of the company's total carbon footprint, followed by Scope 2 emissions at 0.83%. a