Hiscox
Carbon footprint
Primary Climate Goal
Hiscox aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2020
Secondary Climate Goal
Hiscox aims to achieve net zero for all Scopes by 2050
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 (
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.