ESG

Environmental


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Overview

As 2020 has powerfully demonstrated, the age of environmental risk has just begun. In January 2021, the World Economic Forum’s annual Global Risks Report, which was prepared with the support of Marsh McLennan and other partners, revealed that the top three risks by likelihood are all environment related.

Consistent with our ESG philosophy, our collective future as a society requires climate resilience, and we believe our commitment to sustainability starts at home. We also believe that Marsh McLennan is uniquely positioned to help our clients tackle the challenges of climate resilience. We are committed to developing innovative solutions to help move the world towards a more sustainable future for all.

Highlights

Internal

  • We have pledged to be carbon neutral in 2021 through the reduction of greenhouse gas emissions in our own operations and the purchase of verifiable offsets.
  • We have committed to reduce our carbon emissions by 15% below 2019 levels by the year 2025.
  • We opened our 20th “smart office” in San Francisco, which is a showcase for sustainable offices. 

External

  • Marsh’s Global Energy & Power Group launched an integrated global renewable energy practice for insurance broking and risk advisory services to support the transition to a low-carbon economy.
  • In collaboration with the United Nations Environment Programme Finance Initiative, Oliver Wyman created Transition Check, which integrates the latest climate scenarios into an industry-leading approach for assessing transition risk.
  • Building on its strong history providing strategic reinsurance and advisory services to the California Earthquake Authority (CEA), Guy Carpenter was appointed as the sole reinsurance intermediary for the newly formed California Wildfire Fund. 

Spotlight

Colleague Sustainability Efforts

Our colleagues play an important role working with clients, governments, our communities and each other to take on the challenges of climate risk. Across the globe, our colleagues have shown dedication to the environment through numerous projects focused on repairing the damage caused by human impact through pro bono, volunteering and other initiatives. 

Among other initiatives, in 2019, colleagues across the world participated in World Cleanup Day, which occurs each September. The goals of the global event are to help clear the planet of litter and waste as well as to restore the natural environment.

Colleagues in Brazil cleaned up the Anuba River as part of World Cleanup Day 2019.

Resources