Hiscox Ltd
Hiscox's GHG Emissions Data Preview
In 2023, 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 2 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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Hiscox's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Hiscox amounted to 1,452 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Hiscox decreased by 15.22%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Hiscox's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hiscox's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Hiscox were 408.9 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Hiscox reduced its Scope 1 emissions over time?
Since 2020, Hiscox's Scope 1 emissions have decreased by 33.53%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Hiscox's Scope 1 emissions decreased by 48.02%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Hiscox's Scope 2 emissions?
In 2023, Hiscox reported Scope 2 greenhouse gas (GHG) emissions of 1,043.1 tCOâ‚‚e using the market-based method.
Has Hiscox reduced its Scope 2 emissions over time?
Since 2020, Hiscox's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have remained relatively stable, indicating that Hiscox 's emissions have plateaued with no significant change in its energy consumption footprint.
Compared to the previous year (2022), Hiscox's Scope 2 emissions (Market-Based) rose by 12.63% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy
What methodology does Hiscox use for Scope 2 reporting?
In 2023, Hiscox reported its Scope 2 emissions using the market-based method.
Hiscox's Scope 2 Emissions Over Time
- Total Scope 2 Market-Based
Insights into Hiscox's Value Chain Emissions
In 2023, Hiscox reported 154,473.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Hiscox includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Hiscox's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hiscox's Scope 3 emissions?
In 2023, Hiscox reported total Scope 3 emissions of 154,473.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
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.
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.
Compared to the previous year (2022), Hiscox's Scope 3 emissions remained relatively stable, indicating that Hiscox 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Hiscox disclose?
In 2023, Hiscox reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.
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 2023, the largest contributors to Hiscox's Scope 3 emissions were:
- Investments (Cat. 15): 129,526 tCOâ‚‚e (83.85%)
- Other/Unspecified Sources: 24,947.1 tCOâ‚‚e (16.15%)
Hiscox's Scope 3 Emissions by Categories
Insights into Hiscox's Total Carbon Footprint
In 2023, Hiscox reported a total carbon footprint of 155,925.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.8% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Hiscox's total carbon footprint was Scope 3 emissions, accounting for 99.07% of the company's total carbon footprint, followed by Scope 2 emissions at 0.67%.