Part of an enterprise-wide effort to help
clients halve emissions by 2030
Today, Marsh McLennan (NYSE: MMC), the world’s leading
professional services firm in the areas of risk, strategy and
people, unveiled the Climate Action Navigator from the Oliver Wyman
Forum. The navigator helps senior leaders explore the actions they
need to take to enable us to halve emissions by 2030, keeping a 1.5
degrees temperature rise in reach.
The Climate Action Navigator helps public and private sector
leaders plot a path through climate science. It identifies
emissions levels for 22 industry sectors in 12 global regions and
quantifies the effects of different carbon-reduction
strategies.
The Climate Action Library brings together, for the first time,
an assessment of the impact of multiple different mitigation
actions, including changes in energy and fuel usage, in building
construction and heating, in industrial processes and
transportation, in land use and food efficiency, and in negative
emission technologies. The effect of each mitigation strategy can
be analyzed for each sector and region, giving business and
government leaders vital insights to realize their 2030 climate
goals.
“Marsh McLennan aims to be a significant enabler of low-carbon,
climate resilient investment in the corporate sector,” said Nick
Studer, CEO of Oliver Wyman and Vice Chair of Marsh McLennan.
“We’re developing industry-leading data and analytics like the
Climate Action Navigator to bring together the public and private
sector to solve real problems. The Navigator will help our clients
understand the speed of change needed, assess options and develop
resilient strategies for the future.”
The Climate Action Navigator is part of efforts across Marsh
McLennan’s four businesses, under the stewardship of Mr. Studer, to
help clients embed climate planning into their decision making
about risk, strategy and people.
Risk
Marsh McLennan through its Marsh and Guy Carpenter businesses,
advises companies and governments on climate risk and the
low-carbon transition. It helps clients understand and quantify
climate risk, and works with corporate and public sector clients to
manage capital, volatility and growth while navigating
climate-related global regulatory stress tests and disclosure
requirements. It supports clean energy developers through a
globally integrated renewable energy business, and helps
traditional energy producers transition to clean energy
production.
The Company also provides catastrophe modelling, advisory and
reinsurance services to the largest insurance and disaster risk
programs in the world, including the U.S. National Flood Insurance
Program and Flood Re in the UK, to help reduce the economic impact
of climate related losses and enable investment in more sustainable
communities. It is committed to creating new, innovative products,
dynamic risk modelling tools that incorporate climate change
scenarios, and establishing new capital models to accelerate the
transition to a low-carbon future.
Strategy
Oliver Wyman works with clients to develop transition strategies
in all sectors of the economy, especially the high-impact
transitions in financial services, energy and power, transport,
manufacturing and heavy industry. Mercer, a pioneer in sustainable
investment, helps asset owners identify and manage climate risks in
investment portfolios through research and advice frameworks, along
with tools and solutions that can support implementation. Mercer
believes embedding sustainability in investment beliefs, policy,
process and portfolios can help improve client outcomes.
People
Mercer also helps clients navigate culture and workforce
transformation. This includes advising organizations on ways to
integrate sustainability and shared purpose more fully into
workforce cultures in the face of the low-carbon transition.
Mercer’s People Sustainability Index advises institutions on where
they stand against others in the market and helps clients build a
strategic plan and culture to help companies reach their goals in
achieving a healthy, resilient and equitable future.
Climate Commitments
Marsh McLennan is committed to sustainability. In 2020, the
Company signed on to the recommendations of the Task Force on
Climate-related Financial Disclosures (TCFD) and released its first
TCFD-aligned report in 2021. It is also a certified CarbonNeutral®
company as of September 1, 2021 in accordance with The
CarbonNeutral Protocol, and has pledged to reduce its carbon
emissions by 15% below 2019 levels by the year 2025.
Its businesses have worked with organizations including CDP, the
World Economic Forum, United Nations Environment Programme Finance
Initiative and The Nature Conservancy, to set new agendas and build
consensus on the issue of climate change. Most recently, Oliver
Wyman and the Climate Group outlined a blueprint for a
commercially-smart climate transition, distilling insights from
some of the world’s most experienced corporate climate action
leaders on how they turn climate commitments into tangible
outcomes.
More information about how Marsh McLennan is bringing together
its businesses and capabilities to help its clients anticipate
climate risks and opportunities is available here.
About Marsh McLennan
Marsh McLennan (NYSE: MMC) is the world’s leading professional
services firm in the areas of risk, strategy and people. The
Company’s 78,000 colleagues advise clients in 130 countries. With
annual revenue over $18 billion, Marsh McLennan helps clients
navigate an increasingly dynamic and complex environment through
four market-leading businesses. Marsh provides data-driven risk
advisory services and insurance solutions to commercial and
consumer clients. Guy Carpenter develops advanced risk, reinsurance
and capital strategies that help clients grow profitably and pursue
emerging opportunities. Mercer 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
serves as a critical strategic, economic and brand advisor to
private sector and governmental clients. For more information,
visit mmc.com, follow us on LinkedIn and Twitter or subscribe to
BRINK.
Oliver Wyman Forum
The Oliver Wyman Forum is committed to bringing together leaders
in business, public policy, social enterprises, and academia to
help solve the world’s toughest problems. The Oliver Wyman Forum
strives to discover and develop innovative solutions by conducting
research, convening leading thinkers, analyzing options, and
inspiring action on three fronts: Reframing Industry, Business in
Society, and Global Economic and Political Change. Together with
our growing and diverse community of experts, we think we can make
a difference. For more information, visit
www.oliverwymanforum.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211004005665/en/
Amelia Woltering Marsh
McLennan +1 347
703-5358 amelia.woltering@mmc.com
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