Hiscox

Multi-line Insurance / Reinsurance

HSX.L

GBX 1,108 (0.72)%

Share price

$ 4.9 bn

Market Cap

$ 4.5 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.01x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -9.3% weighted average for S&P 500

FY2022

Hiscox aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2020

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -1.4% weighted average for S&P 500

FY2022

Hiscox aims to achieve net zero for all Scopes by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Hiscox reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2021 at 1.5 Kt (-0.18 /-10.5% y-o-y).

Hiscox's Scope 3 emissions decreased to 151 Kt (-19 /-11.2% y-o-y).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2020, which translates into the estimated reduction of -0.08 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -5.3 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q3	1.5	0.68	0.87	151
2020Q3	1.7	0.62	1.1	170