REG-Marsh & McLennan Marsh McLennan Charts a Path to Net-Zero Across its Operations by 2050

Marsh & McLennan CompaniesAnnouncement

31/03/2022 13:15

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Marsh McLennan Charts a Path to Net-Zero Across its Operations by 2050

Issues Second Annual ESG Report: Accelerating Impact

 

Today, Marsh McLennan (NYSE: MMC), the world’s leading professional services
firm in the areas of risk, strategy and people, announced its commitment to
set and execute low-carbon transition strategies that chart a path to net-zero
across its operations by 2050 and reduce its emissions by 50 percent by 2030.
The company will also set an emission reduction target aligned with the
Science Based Targets initiative’s criteria.

The commitment is detailed in the company’s 2021 Environmental, Social and
Governance (ESG) report, Accelerating Impact, which was released today.

“We are proud to be part of the global movement to develop solutions needed
to keep global temperature rise below 1.5°C and prepare for a warmer
world,” said Dan Glaser, President and CEO, Marsh McLennan. “Just as we
advise our clients on how to execute the profound transformations required, we
are committing to chart our own path to net-zero at Marsh McLennan.”

In 2021, Marsh McLennan made measurable strides across every aspect of ESG. It
became certified as a CarbonNeutral® company, established its Inclusion and
Diversity Center of Excellence, and appointed its eighth director meeting the
company’s diversity criteria to the Board in the last 10 years.

“The idea that companies must benefit all of their stakeholders –
shareholders, colleagues, clients and the communities in which they operate
– has long spurred Marsh McLennan’s actions in the areas we now refer to
as ESG,” said Katherine Brennan, head of Marsh McLennan’s ESG Management
Committee. “These stakeholders have come to expect transparency through ESG
reporting, and it is our hope that through this report they gain a greater
understanding of our impact.”

Marsh McLennan’s four businesses also made significant contributions to
sustainable and inclusive development and societal resilience:


 * Marsh launched a new directors and officers (D&O) liability insurance
initiative that recognizes US-based clients with superior ESG frameworks.

 * Guy Carpenter has arranged four of the five FloodSmart Re catastrophe bonds
for the U.S. Federal Emergency Management Agency (FEMA) to secure flood
reinsurance coverage from the capital markets for its National Flood Insurance
Program (NFIP). These bonds help FEMA pay for NFIP claims when disaster
strikes.

 * Mercer developed a range of research, advice and investment solutions called
the “Leap Continuum,” which support the advancement of historically
underrepresented groups in investments. Additionally, Mercer’s outsourced
chief investment officer (OCIO) practice continued to offer clients a range of
attractive opportunities to invest with sustainability in mind.

 * Oliver Wyman helped clients pursue a commercially smart climate transition. It
has worked with organizations including the Glasgow Financial Alliance for Net
Zero (GFANZ), CDP, the World Economic Forum, United Nations Environment
Programme Finance Initiative and S&P Global Market Intelligence, to set
new agendas and build consensus on the issue of climate change.

To read Marsh McLennan’s 2021 ESG report, please visit
https://www.marshmclennan.com/about/esg-2021.html
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.marshmclennan.com%2Fabout%2Fesg-2021.html&esheet=52635355&newsitemid=20220331005412&lan=en-US&anchor=https%3A%2F%2Fwww.marshmclennan.com%2Fabout%2Fesg-2021.html&index=1&md5=b9d7cf2dc7ea008c9d7cb17e9becb22a)
.

About Marsh McLennan

Marsh McLennan
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.marshmclennan.com&esheet=52635355&newsitemid=20220331005412&lan=en-US&anchor=Marsh+McLennan&index=2&md5=7a7e0c29ce4e1e55ab5c984688de81ff)
(NYSE: MMC) is the world’s leading professional services firm in the areas
of risk, strategy and people. The Company’s 83,000 colleagues advise clients
in 130 countries. With annual revenue of nearly $20 billion, Marsh McLennan
helps clients navigate an increasingly dynamic and complex environment through
four market-leading businesses. Marsh
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provides data-driven risk advisory services and insurance solutions to
commercial and consumer clients. Guy Carpenter
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.guycarp.com%2F&esheet=52635355&newsitemid=20220331005412&lan=en-US&anchor=Guy+Carpenter&index=4&md5=70870658898550608771cb29b5c3bdfb)
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=52635355&newsitemid=20220331005412&lan=en-US&anchor=Mercer&index=5&md5=ecce30fcba785be323304c1f8b2d03de)
delivers advice and technology-driven solutions that help organizations
redefine the world of work, reshape retirement and investment outcomes, and
unlock health and wellbeing for a changing workforce. Oliver Wyman
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.oliverwyman.com%2F&esheet=52635355&newsitemid=20220331005412&lan=en-US&anchor=Oliver+Wyman&index=6&md5=9bc296f6e35ab69a2236c5d5a2043ebc)
serves as a critical strategic, economic and brand advisor to private sector
and governmental clients. For more information, visit marshmclennan.com
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Amelia Woltering 

Marsh McLennan 

+1 347 703 5358 

amelia.woltering@mmc.com (mailto:amelia.woltering@mmc.com)



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