Parent of world’s biggest insurance brokerage outlines net zero commitment

"We are proud to be part of the global movement," chief executive says

Parent of world’s biggest insurance brokerage outlines net zero commitment


By Terry Gangcuangco

It’s the turn of Marsh parent company Marsh McLennan (MMC) to declare its commitment towards achieving net zero across its operations – a target that MMC has set to realise by 2050.

“Marsh McLennan has committed to set and execute low-carbon transition strategies across our global business operations that collectively chart a path to net-zero across our core operations by 2050, with an emissions reduction target of 50% by 2030,” stated the group in the 73-page environmental, social, and governance (ESG) report it published on Thursday.

“In connection with this goal, Marsh McLennan has signed a commitment letter to the Science Based Targets initiative (SBTi) and will work to set a science-based emission reduction target aligned with the SBTi’s target-setting criteria.”

In its “Accelerating Impact” report, MMC said it is focussed on developing solutions to help keep the projected global temperature increase to 1.5°C, while helping clients embed pragmatic strategies to adapt and prepare for the changes.

Commenting, president and chief executive Dan Glaser asserted: “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.

“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.”

The enterprise – which is also the name behind Guy Carpenter, Mercer, and Oliver Wyman – became a certified CarbonNeutral company in 2021. The CarbonNeutral Protocol is a global standard for carbon-neutral programmes.

Serving clients in 130 countries, MMC employs a global workforce of 83,000 colleagues specialising in the areas of risk, strategy, and people.    

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