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Our Impact Report

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Our Impact Report Sub-heading 21/22pt Body copy 10/12pt Hiscox impact report 2020 1 It could be said that 2020 was a year like no other. BodyTogether, copy last 10/12pt year we supported charities with donations totalling As the world grappled with a global pandemic, more than $9 million. This includes $7 million donated to charities which brought new ways of living and working, such as the Red Cross and food banks around the world, directly giving something back came into sharper focus. helping those impacted by the pandemic. We’ve also supported entrepreneurs and small businesses through funding organisations I am incredibly proud of how our people have such as Kiva and Accion in the USA and Swoop in the UK to responded to the challenges of Covid-19, while improve access to finance and support to get them back on also finding new ways to support their local their feet. communities and good causes. Our volunteering programmes may have looked different this year In addition, The Association of British Insurers’ Covid-19 Support thanks to social distancing and home-working, Fund, which Hiscox helped to establish and was an early supporter but there are many stories of those who have of, has shown what is possible when industry works together, so helped a vulnerable neighbour or used their far raising more than £100 million to support communities in need. commuting time to volunteer locally, which are a testament to the ‘Hiscox spirit’. There is more to do of course, and this year we set out a new strategic focus to help us have the biggest possible impact in our chosen areas; social mobility and entrepreneurship; protecting and preserving the environment; and supporting causes that our people are passionate about. These new ‘pillars’ for charitable giving will ensure we have meaningful, measurable criteria to live up to. This report provides a snapshot of just some of the fantastic causes we have supported over the last year, and the impact we’ve been able to make. Huge thanks go to all of those whom make this possible through their continued enthusiasm and A word from dedication. We are proud to share their stories here. our Chairman 1 Hiscox ESG framework A strategic Core themes Man approach k e ris aging ctiv nt en ou A eme viron r ow nag ion men n ma itigat footp ta m rint l and W g ng pr o Charitable giving forms part of our in uidi incip o r rt s G les a u k o re n r in p u d su g e s p p overall approach to environmental, r lo a p w r c r l it a is tn ie h le d , e r ct r s C d A U s social and governance (ESG) matters. n es s n a ni w he d a la lp e p y in rs tr g t m n a o u o n r u d i l C o u s n s c r i I The Hiscox ESG framework we have developed helps us a n k d n s a l e c g e v n i e d a u m r r c u c E c r e i n s w stay focused and make an impact in our chosen areas. e l u o a s l t l t m v o i o d r e i m n r t n r i d m i n i p e e c o a t n a i c n n g g t , B e n a a t s s o m r e e g l r , i h n s n u m t s r o p i r e a b r t i e s n e n t l e o o w d k n n v d Why it matters to us u t n a R r a e t o a o d a c l c g n G a n d n i p a Giving back to the communities we operate in is meaningful i t l t s i p i l e m r for our employees and helps us build an engaged and C a m u K p n t r o t e U r d c h inclusive workforce. o C a u g s v r t i t i e e n s s r r g r v e e e i t v c p s a Our Hiscox Gives initiative supports charities chosen by e o i r i l o i r s e d d p n t n u employees, organising volunteering and fundraising activities, h o c a r c a e p t t S l s p o ia G c t and many of our people participate in reading and mentoring A lo c b a a p schemes at schools local to our offices. l im th n B em a a u e e n i s, ak d ld lo m t ca to r Our fundraisers make us proud and through the Hiscox Foundation, i in lly executed a y n g p it c r n lu a u u we help them make a bigger impact for the causes they care s n o iv en g m e g in m about most. w a y co o ge la e rk d P th fo in rce r Being an insurer ou c n ustomers can rely o 2 2 Hiscox ESG framework We’veBody copy 10/12ptdivided our approach to charitable giving into three main Core themes pillars, to help us make the biggest k Man impact in our chosen areas of focus: e ris aging ctiv nt en ou A eme viron r ow nag ion men n ma itigat footp ta Social mobility and entrepreneurship m rint l and W Our connectedness to entrepreneurship runs deep; Hiscox g ng pr o in uidi incip o r rt s G les a u k o re n r in was established by an entrepreneur, and we insure over p u d su g e s p p r lo a p w one million small businesses worldwide. r c r l it a is tn ie h le d , e r ct r s C d A U s n es s n a ni w he d Protecting and preserving the environment a la lp e p y in rs tr g t We support programmes that contribute to improving m n a o u o n r u C o u d is n l I s c r i d a s a l n k n the environment in the communities in which we operate e c g n i e d a e v u m r c r u c E r e i s c w e l u o n a s and where our customers are present. We are focused l t l t m v o i o d r e i m n r t n r i d m i n i p e e c o a t a i c n g on projects that in some way address climate variability n n g t , B e n a a t s s o m r e e g l r , i h n s n u t m o s r e r p i a and look to increase global resilience to climate change, b r t i e s n e n t l e o o w d k v n d n u t a n a R e r t as well as projects to enhance biodiversity. o a o d a c l c g n G a n d n i p a i t l t s i p i l e m r Causes our people are passionate about C a m u K p n t r o t e U r d c h o Our employees are a passionate bunch, and they champion C a u g s v r t i t i e e n s s r a whole range of worthwhile causes. From mental health and r g r v e e e i t v c p s a well-being to homelessness, our teams find ways to be generous e o i r i l o i r s e d d p n t n u with their time as well as their money, and our Foundations h o c a r c a e p t t S l s p o ia G c t support these efforts – predominantly through matched funding. A lo c b a a p l im th n B em a a u e e n i s, ak d ld lo m t ca to r i in lly executed a y n g p it c r n lu a u u s n o iv en g m e g in m w a y co o ge la e rk d P th fo in rce r Being an insurer ou c n ustomers can rely o 3 3 Body copy 10/12pt 200+ $9M+ 2020 in employee funding total donations*, requests met – totalling including $7 million numbers over $146,000 Covid-19 response A look back at some of our highlights from an impactful 180+ 8,000+ year of giving.
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