Hiscox Ltd · LSE:HSX
Hiscox — ESG Presentation (2022)
16 slides from Hiscox's sustainability presentation, Mar 13, 2022
Slide 1: ESG: An overview of Hiscox's approach
ESG An overview of Hiscox’s approach
Slide 2: Contents
Contents • ESG approach, strategy and governance • Highlights from the last 12 months • New GHG targets for the Group • Key policies • Performance and measurement • ESG overview – Environmental activity – Social activity – Governance activity • Board of Directors • Group Executive Committee 2
Slide 3: How we think about ESG
How we think about ESG A pragmatic approach We take our role in the world seriously and want to play a responsible part in society. Being an insurer our customers can rely on really matters to us, and if we do our job well, our customers and society benefit when times are tough. It’s this philosophy
Slide 4: Our ESG journey
Our ESG journey A long-term focus on where we can make a difference 1987 2007 2012 Hiscox Foundation Founding member Employee-led established of ClimateWise Green Team established 2018 2016 2014 ESG Executive Sponsor appointed Increased US access to flood cover First year as a carbon neutral ESG wor
Slide 5: Our ESG strategy
Our ESG strategy The Hiscox ESG framework 5
Slide 6: Governance structure
Governance structure ESG working group and Sustainability Steering Committee, with Executive and Board oversight Hiscox Ltd Board Contributors to our ESG story • Oversight of long-term ESG vision, strategy, priorities and performance against metrics / targets • Ensures governance and accountability
Slide 7: Employee networks
Employee networks Finding new ways to connect and collaborate • 15 employee network chapters focused on: – mental health – parents and carers – generations – Latino – pan-African • Driving initiatives including use of pronouns, and an internal ‘voices’ campaign to promote the sharing of personal D&I
Slide 8: Highlights from the last 12 months
Highlights from the last 12 months Significant progress in key areas • Began implementation of new • Donated $1.5 million to good • Employee engagement network underwriting and investment causes and spent over 1,000 hours ensures workforce views are reflected exclusion policies volunteering in Board
Slide 9: New GHG targets for the Group
New GHG targets for the Group Net-zero, Paris-aligned • Reduce our Scope 1 & 2 emissions by 50% GHG emissions by 2030, against a 2020 baseline*. During 2021, our total operational footprint decreased by 36%. Natural gas usage increased, driven by staff returning • Reduce our Operational Scope 3 emis
Slide 10: Key policies
Key policies Responsible investment and ESG exclusions ESG exclusions policy Responsible investment policy • No new insurance to thermal coal-fired power • Guided by ESG exclusions policy plants and coal mines, Arctic energy exploration • Annual reviews of ESG integration and activities, oil sands o
Slide 11: Performance and measurement
Performance and measurement Public scores, memberships and accreditations Memberships and accreditations 2021: 72% 2021: B- 2021: 40/100 2020: 66% 2020: C 2020: 35/100 2021: 3.3/5 2021: A 2021: 27.0% 2020: 4.1/5 2020: A 2020: 25.6% 11
Slide 12: Environmental activity
Environmental activity An overview Operations Products and partnerships Research and insight • Long-standing annual cycle • Leading suite of flood • Market-leading catastrophe of carbon reporting products – FloodPlus, research team, responsible FloodXtra, Flood Re for developing ‘the Hiscox • Carbon
Slide 13: Social activity
Social activity How we support our customers, employees and communities Customers Employees Communities • Paid $1.25 billion in claims worldwide • Annual employee engagement survey • Three pillars of charitable giving: in 2021 assesses how connected employees ─ social mobility/entrepreneurship • Sup
Slide 14: Governance activity
Governance activity An overview of key areas of governance Board structure Remuneration Compliance and oversight • Eight of 11 main Board members • Changing remuneration • Robust portfolio of policies guide are independent, and independent structure for middle management our approach – from tax and
Slide 15: Board of Directors
Board of Directors a HISCOX eon a 9 a A0n07 aon07 aon0g Won Executive Ghairman’ Executive Director Executive Director Independent Non Executive Director Independent Non Executive Director independent Non Executive Director Robert Childs (Aged 70) ‘Aki Hussain (Aged 49) Joanne Musselle (Aged 51) Mich
Slide 16: Group Executive Committee
Group Executive Committee Driving accountability and progress in all areas 16