Hiscox Ltd · LSE:HSX
Hiscox — ESG Presentation (April 2024)
17 slides from Hiscox's sustainability presentation, April 2024
Slide 1: Sustainability: An overview of Hiscox's approach
Sustainability An overview of Hiscox’s approach
Slide 2: Contents
Contents • Sustainability overview – Our journey and our approach – Our sustainability strategy – Double materiality assessment – Key policies and governance • Areas of progress – Environmental ▪ Our GHG targets ▪ Overview of our GHG emissions – Social ▪ Employee networks – Governance ▪ Performance
Slide 3: Our sustainability journey
Our sustainability journey A long-term focus on where we can make a difference 1987 2007 2012 2014 Hiscox Foundation Founding member Employee-led First year as a carbon neutral established of ClimateWise Green Team established business through offsetting 2020 2019 2018 2016 Responsible investment po
Slide 4: How we think about sustainability
How we think about sustainability 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
Slide 5: Our sustainability strategy
Our sustainability strategy Five-pillar approach with Group Executive Committee oversight 5
Slide 6: Sharpening our focus
Sharpening our focus Our first double materiality assessment for the Group 6
Slide 7: Key policies
Key policies Responsible investment and ESG exclusions ESG exclusions policy Responsible investment policy • Ambition to reduce steadily and eliminate by • Guided by ESG exclusions policy 2030 our insurance, reinsurance and investment • Annual reviews of ESG integration and exposure to: engagement w
Slide 8: Governance structure
Governance structure Sustainability working group and Sustainability Steering Committee, with Executive and Board oversight Contributors to our Sustainability story 8
Slide 9: Environmental activity
Environmental activity An overview of what we have achieved so far Operations Products and partnerships Research and insight • Long-standing annual cycle • Leading suite of US flood products • Market-leading catastrophe of carbon reporting (see 2023 Annual – FloodPlus residential and research team,
Slide 10: Ambitious GHG targets for the Group
Ambitious GHG targets for the Group Net-zero, Paris-aligned • Reduce our Scope 1 & 2 emissions by 50% by 2030, against a 2020 baseline* • Reduce our Operational Scope 3 emissions by 25% per FTE by 2030, against a 2020 baseline*. We will remain operationally carbon neutral, as we have been since 2014
Slide 11: An overview of our GHG emissions
An overview of our GHG emissions Net-zero, Paris-aligned GHG emissions We continue to focus on managing and reducing our carbon emissions. We have been engaging with our landlords to move towards renewable electricity and other sustainable measures, and saw a decrease in our Scope 1 and 2 market-bas
Slide 12: Social activity
Social activity How we support customers, employees and communities Customers Employees Communities • 2023 we assessed and enhanced • Maintained the same employee • Three pillars of charitable giving the way we deliver for our engagement score as 2022, 82%. defined by the Hiscox Foundation: customer
Slide 13: Employee networks
Employee networks Finding new ways to connect and collaborate • 18 employee network chapters focused on: – mental health – parents and carers – generations – Latino – pan-African • Driving initiatives including: – use of pronouns – an internal ‘voices’ campaign to promote the sharing of personal D&I
Slide 14: Governance activity
Governance activity An overview of key areas of governance Board structure Remuneration Compliance and oversight • Seven 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: Performance and measurement
Performance and measurement Public scores, memberships and accreditations Memberships and accreditations 2023: 78% 2023: B 2023: 43/100 2022: 83% 2022: B 2022: 45/100 2023: AA 2023: 28.0% 2022: AA 2022: 28.7% 15
Slide 16: Board of Directors
ay Board of Directors HISCOX p. i Jonathan Bloomer Aki Hussain Paul Cooper Joanne Musselle Chair Group Chief Executive Officer Group Chief Financial Officer Group Chief Underwriting Officer Appointed to the Board: June 2023 Appointed to the Board: September 2016 Appointed to the Board: May 2022 Appo
Slide 17: Group Executive Committee
Group Executive Committee Driving accountability and progress in all areas 17