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| Overall Assessment |
Comment |
Score |
| Limited |
Hiscox offers only limited insight into its climate-related lobbying. The company notes that it “recognise[s] that the most effective way to engage with policymakers, customers and suppliers on climate issues is by acting at an industry level” and cites participation in ClimateWise, Lloyd’s and the Association of British Insurers. This reveals an indirect mechanism—working through industry bodies—but it does not spell out what form that engagement takes or which government departments or legislators are approached. Likewise, while the company says it is “working together with others in our sector to play our part” and that it “play[s] our part in the debate on how to mitigate the impact of climate change on the global economy,” it never identifies a specific bill, regulation or consultation it has tried to influence. Its objectives remain equally general, referring only to “helping our customers to adapt” rather than detailing any concrete policy change it seeks. As a result, the disclosure provides a broad acknowledgement of climate-policy engagement but lacks the specificity needed to understand the policies, methods and outcomes involved.
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1
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| Overall Assessment |
Comment |
Score |
| Moderate |
Hiscox Ltd discloses a structured governance framework for its climate-related engagement with its value chain and through industry bodies, describing an “ESG working group, which acts as an operational body to identify and recommend areas of focus and specific projects,” and a “Sustainability Steering Committee which provides appropriate challenge, ensures consistency...and provides senior level involvement and oversight,” while noting that “Key matters can, within this structure, be referred to the Group Board where appropriate.” The company states on “Page 49 of the 2021 Annual Report and Accounts” its intention to “engage with our suppliers, brokers and reinsurers on our net-zero targets” and to “engage through trade associations to indirectly influence regulation and ensure common standards in key areas for our industry,” and confirms a public commitment to “conduct your engagement activities in line with the goals of the Paris Agreement.” However, we found no evidence of a defined governance process for direct lobbying with policymakers, nor any published audit or review reporting on the alignment of its climate lobbying activities or criteria for evaluating the positions of trade associations against its climate objectives.
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2
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