Marsh McLennan publishes Oliver Wyman Forum’s Climate Action Navigator

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As part of a company-wide effort to help customers halve their emissions by 2030

NEW YORK, October 04, 2021– (COMMERCIAL THREAD) – Today, Marsh McLennan (NYSE: MMC), the global leader in professional services in risk, strategy and human resources, unveiled the Climate Action Navigator from the Oliver Wyman Forum. The Navigator helps senior leaders explore the steps they need to take to enable us to halve emissions by 2030, keeping a 1.5 degree temperature rise within reach.

The Climate Action Navigator helps public and private sector leaders chart a course through climate science. It identifies the emission levels of 22 industrial sectors in 12 regions of the world and quantifies the effects of different carbon emission reduction strategies.

The Climate Action Library brings together, for the first time, an impact assessment of several different mitigation measures, including changes in energy and fuel use, construction and heating of buildings, 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 critical information to meet their climate targets by 2030.

“Marsh McLennan aims to be an important catalyst for low carbon and climate change resilient investments in the business sector,” said Nick Studer, CEO of Oliver Wyman and Vice President of Marsh McLennan. “We’re developing cutting-edge data and analytics like the Climate Action Navigator to bring the public and private sectors together 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 the efforts of Marsh McLennan’s four companies, under the leadership of Mr. Studer, to help clients integrate climate planning into their risk, strategy and people decision making.

Risk

Marsh McLennan through his activities Marsh and Guy Carpenter, advises companies and governments on climate risk and the low carbon transition. He helps clients understand and quantify climate risk and works with companies and public sector clients to manage capital, volatility and growth while navigating global climate-related regulatory stress tests and requirements. disclosure. It supports clean energy developers through a globally integrated renewable energy business and helps traditional energy producers make the transition to clean energy production.

The Company also provides catastrophe modeling, advisory and reinsurance services to the world’s largest insurance and catastrophe risk programs, including the United States National Flood Insurance Program and Flood Re in the United States. United Kingdom, 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 modeling tools that integrate 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 across all sectors of the economy, particularly high impact transitions in financial services, energy and power, transportation, manufacturing and industry heavy. Mercer, a pioneer in sustainable investing, helps asset owners identify and manage climate risks in investment portfolios through research and advisory frameworks, as well as tools and solutions that can support Implementation. Mercer believes that embedding sustainability into investment beliefs, policies, processes and portfolios can help improve client outcomes.

People

Mercer also helps clients navigate culture and workforce transformation. This includes advising organizations on how to more fully integrate sustainability and the common goal into workforce cultures in the face of the low carbon transition. The Mercer People Sustainability Index advises institutions on where they stand relative to others in the marketplace and helps clients establish a strategic plan and culture to help businesses achieve their goals by achieving a healthy, resilient and resilient future. fair.

Climate commitments

Marsh McLennan is committed to sustainability. In 2020, the Company adhered to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and published its first report aligned with the TCFD in 2021. It has also been CarbonNeutral® certified since September 1, 2021 in accordance with the CarbonNeutral Protocol, and pledged to reduce its carbon emissions by 15% from 2019 levels by 2025.

His companies have worked with organizations such as the CDP, the World Economic Forum, the United Nations Environment Program Finance Initiative and The Nature Conservancy, to establish new agendas and build consensus on the issue of climate change. . Most recently, Oliver Wyman and the Climate Group presented a plan for a commercially smart climate transition, distilling insights from some of the world’s most experienced business climate action leaders on how they turn climate commitments into tangible results. .

More information on how Marsh McLennan brings together its business and capabilities to help clients anticipate climate risks and opportunities is available here.

About Marsh McLennan

Marsh McLennan (NYSE: MMC) is the global leader in professional services in the areas of risk, strategy and human resources. The Company’s 78,000 employees advise clients in 130 countries. With annual sales of over $ 18 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment across four market-leading companies. Marsh provides data-driven risk advisory and insurance solutions to business and consumer clients. Guy Charpentier develops advanced risk, reinsurance and capital strategies that help clients grow profitably and seize emerging opportunities. Mercier provides technology-driven advice and solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unleash the health and well-being of a workforce evolving. Olivier Wyman serves as a critical strategic, economic and brand advisor to the private sector and government clients. For more information visit mmc.com, Follow us on LinkedIn and Twitter or subscribe to EDGE.

Oliver Wyman Forum

The Oliver Wyman Forum is committed to bringing together leaders from 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, bringing together leading thinkers, analyzing options and inspiring action on three fronts: Cropping industry, Business in society, and Global economic and political change. With our growing and diverse community of experts, we believe we can make a difference. For more information visit www.oliverwymanforum.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211004005665/en/

Contacts

Amelia Woltering
Marsh McLennan
+1 347 703-5358
[email protected]



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