REG-Marsh & McLennan Marsh & McLennan Announces Carbon Reduction Commitments

Marsh & McLennan CompaniesAnnouncement

14/01/2021 16:05

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Marsh & McLennan Announces Carbon Reduction Commitments

 

Marsh & McLennan (NYSE: MMC), the world’s leading expert in risk,
strategy and people, today announced two important commitments in the effort
to combat climate change. First, the Company has pledged to be carbon neutral
in 2021 through the reduction of greenhouse gas emissions in its own
operations and the purchase of verifiable offsets. Second, the Company has
committed to reduce its carbon emissions by 15% below 2019 levels by the year
2025. The specifics of these commitments will be set out in greater detail in
the company’s upcoming 2020 ESG report in March.

“At Marsh & McLennan, we recognize the opportunity, and indeed the
obligation, that we have to be good stewards of the environment. We are
committed to the principle of responsible capitalism. These climate
initiatives represent a tangible step toward building a more sustainable
environment for our colleagues, clients, shareholders and future
generations,” said Dan Glaser, President and CEO, Marsh & McLennan.

These commitments also complement important climate work that is occurring
across the company. In 2020, Marsh’s Global Power & Energy Group
launched the first integrated global renewable industry practice in insurance
broking. Marsh is also helping clients measure and manage the risks to their
assets and operations from hurricanes, floods and other natural perils in a
changing climate.

Oliver Wyman’s climate and sustainability experts work with clients across a
range of sectors such as financial services, energy and transportation, to
reimagine end-to-end supply chains, de-carbonize business models, and
integrate new technologies to support the transition to a low carbon economy.

Mercer was recently ranked the No. 1 responsible investment consultant and has
led the way in quantifying climate risks in investment portfolios for
institutional clients. Mercer also provides climate analytics and advice for
institutional investors who want to transition to a 1.5°C scenario of global
warming as outlined in the Paris Agreement.

Guy Carpenter helps insurers quantify the impact of natural catastrophe risk
and respond to new regulatory climate stress tests. As the frequency and
severity of natural catastrophes increase, Guy Carpenter’s experts work with
clients to anticipate and mitigate climate threats in particularly high-risk
areas.

About Marsh & McLennan Companies

Marsh & McLennan
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.mmc.com&esheet=52361895&newsitemid=20210114005752&lan=en-US&anchor=Marsh+%26amp%3B+McLennan&index=1&md5=01b764151bf17c40f285362e5601b138)
(NYSE: MMC) is the world’s leading professional services firm in the areas
of risk, strategy and people. The Company’s 76,000 colleagues advise clients
in over 130 countries. With annual revenue of $17 billion, Marsh &
McLennan helps clients navigate an increasingly dynamic and complex
environment through four market-leading businesses. Marsh
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.marsh.com&esheet=52361895&newsitemid=20210114005752&lan=en-US&anchor=Marsh&index=2&md5=145c122fd4ab0db626b9221c548a5e70)
advises individual and commercial clients of all sizes on insurance broking
and innovative risk management solutions. Guy Carpenter
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.guycarp.com%2F&esheet=52361895&newsitemid=20210114005752&lan=en-US&anchor=Guy+Carpenter&index=3&md5=f7585dbe9b2c38a8813592a61962d2d4)
develops advanced risk, reinsurance and capital strategies that help clients
grow profitably and pursue emerging opportunities. Mercer
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.mercer.com%2F&esheet=52361895&newsitemid=20210114005752&lan=en-US&anchor=Mercer&index=4&md5=162c2c894cdb9a442143652c7173699c)
delivers advice and solutions to help organizations reshape work, retirement,
investment and health outcomes for a changing workforce. Oliver Wyman
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.oliverwyman.com%2Four-expertise%2Finsights%2F2020%2Fjan%2Fstate-of-the-financial-services-industry-2020.html&esheet=52361895&newsitemid=20210114005752&lan=en-US&anchor=Oliver+Wyman&index=5&md5=38513c80b89c68577d2317c6737dbccb)
serves as a critical strategic, economic and brand advisor to private sector
and governmental clients. For more information, visit mmc.com
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Media: 

Erick Gustafson

Marsh & McLennan

+1 202 263 7788

erick.gustafson@mmc.com (mailto:erick.gustafson@mmc.com)

Investors: 

Sarah DeWitt

Marsh & McLennan

+1 212 345 6750

sarah.dewitt@mmc.com (mailto:sarah.dewitt@mmc.com)


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