Hiscox Ltd · LSE:HSX
Hiscox — ESG Presentation (April 2021)
16 slides from Hiscox's sustainability presentation, April 2021
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 • ESG overview – Environmental activity – Social activity – Governance activity • Performance and measurement • Our response to Covid-19 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 with Executive and Board oversight Contributors to our ESG story Hiscox Ltd Board • Oversight of ESG strategy and priorities • Discusses ESG twice-yearly • Provides challenge and approval of key ESG matters ExCo • Approves ESG strategy and priorities • Oversigh
Slide 7: Employee networks
Employee networks Finding new ways to connect and collaborate • Ten+ employee networks – Focused on mental health, parents and carers, generations, Latino and pan-African so far • 1,700+ members • One-in-four employees belong to at least one employee network • WeMind awarded Outstanding Employee Net
Slide 8: Highlights from the last 12 months
Highlights from the last 12 months Significant progress in key areas • Introduced new underwriting • Donated over $9 million to • Piloting culture dashboards and investment exclusion over 180 good causes in our UK subsidiaries policies • Redeployed 27 UK employees • Established an employee • Reappra
Slide 9: 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 10: 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 11: Social activity
Social activity How we support our customers, employees and communities Customers Employees Communities • Paid $1.9 billion in claims worldwide • Annual employee engagement survey • Three pillars of charitable giving: in 2020 assesses how connected employees ─ social mobility/entrepreneurship • Supp
Slide 12: Governance activity
Governance activity An overview of key areas of governance Board structure Remuneration Compliance and oversight • Seven of 11 main Board members • No Executive Director bonuses in • Robust portfolio of policies guide are independent, and independent 2020 due to Covid-19 our approach – from tax and
Slide 13: Board of Directors
Board of Directors ote HISCOX eon o 9 aon0g “§ P Eiaeative Daeci independent Non Executive Drector Non Executive Dvecior Raepeeaay eager vere Mamayou Akbar Hussain (Aged 48) Michael Goodwin (Aged 62) Thomas Hurimann id (Aged B5) Group Grit nancia! meee ‘Appointed to he Board: November 2017 Zopontedi
Slide 14: Senior management
Senior management Mix of experience and fresh thinking drives progress 14
Slide 15: Performance and measurement
Performance and measurement Public scores, memberships and accreditations Memberships and accreditations 2020: 66% 2020: C 2020: 35/100 2019: 46% 2019: C 2019: 31/100 2020: 4.1/5 2020: D+ 2020: A 2019: 4.2/5 2019: D 2019: A 2020: 25.4% 2019: 28.0% 15
Slide 16: Our response to Covid-19
Our response to Covid-19 Guided by our values and regulatory obligations 16