Hiscox Ltd · LSE:HSX
Hiscox — ESG Presentation (2022)
17 slides from Hiscox's sustainability presentation, 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 • Ambitious 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 2014 Hiscox Foundation Founding member Employee-led First year as a carbon neutral established of ClimateWise Green Team established business through offsetting 2019 2018 2016 ESG framework introduced ESG Executive Sp
Slide 5: Our ESG strategy
Our ESG strategy The Hiscox ESG framework 5
Slide 6: Embedding sustainability in how we do business
Embedding sustainability in how we do business A cross-function focus Investments Underwriting Operations • Eliminated our exposure within all • Defined categories to track risks • Embedding new net-zero by 2050 directly held bonds in line with ESG by ESG status, starting in Hiscox GHG targets exclu
Slide 7: 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 8: 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 9: 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 exclusion causes and spent over 1,000 hours ensures workforce views are reflected policies volunteering in Board
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% 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
Slide 11: 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 12: 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% Upgraded to AA in August 2022 12
Slide 13: 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 14: Social activity
Social activity How we support 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 • Support
Slide 15: 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 16: Board of Directors
a Board of Directors HISCOX 2. dt i oe pel Executive Director Non Executive Chairman Executive Director Executive Director Robert Childs Aki Hussain Paul Cooper Joanne Musselle Group Shief Executive Officer Group Chief Financial Offloer Group Chiet Underwriting Officer Appointed to the Board: May 20
Slide 17: Group Executive Committee
Group Executive Committee Driving accountability and progress in all areas Paul Cooper Robert Dietrich Jon Dye Stéphane Flaquet Group Chief Financial Officer Chief Executive Officer, Chief Executive Officer, Group Chief Operations and Joined Hiscox: May 2022 Hiscox Europe Hiscox UK Technology Office