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Responsibility

Environment

We believe in identifying, then minimising the environmental impacts of our business activities, including the direct impact of our own business operations. We seek to reduce the amount of waste our activities produce, and the amount of resources we consume. We are committed to reducing our carbon footprint, and for the business to operate more sustainably by: measuring our use of water, energy and other products in order to reduce consumption over time; buying sustainably-sourced or energy-efficient products where we can; and minimising waste by recycling products where we can. We have, as a result, also generated significant cost and energy savings. Our scope 1 & 2 carbon footprint for the UK has reduced, relative to full time equivalent employees (FTE), every year since 2008.

This activity has been extended in 2013 to cover Hiscox Group-wide activities.

The chart below depicts our carbon emissions year-on-year since 2011.

Greenhouse emissions disclosure(tonnes)

Following Defra’s latest environmental reporting guidance, we have updated historical GHG emissions data in order to ensure comparability of year-on-year reporting based on 2013 GHG conversion factors.

1 Historical emissions data for 2011 and 2012 relate to UK operations only with 2013 figures covering global operations.
2 Global emissions data have been collated and reported for the first time in line with the requirements of the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 and UK Government conversion factors for Company Reporting 2013.
3 Hiscox has a small number of leased fleet vehicles. Fuel use for these vehicles is claimed for via expenses. These, along with other expense-claimed business travel, have been excluded from the scope of reporting.

In 2013, Hiscox UK was carbon neutral, for the fourth year in a row. The balance of our UK carbon emissions has been offset through an African Energy Efficient Stove Project in Kenya, whose aim is to replace open fires with energy-efficient stoves, bringing significant social and health benefits to local communities. For more information, including the Hiscox 2013 report, please go to www.hiscoxgroup.com.

Hiscox is a founding member of ClimateWise, which aims to leverage the insurance industry’s expertise to understand, communicate and act on the risks associated with climate change. Hiscox is independently assessed against a commitment to six key principles, including risk management, public policy, influencing our customers, investment and managing our direct emissions. More information is available at www.climatewise.org.uk.

The Hiscox London office was awarded Platinum (with special commendation), in the Clean City Award scheme, for the second year in a row. Hiscox also remains a member of the Carbon Disclosure Project (CDP) an initiative that provides a global system for companies to measure, disclose, manage and share vital environmental information.