Commercial, GHG Emissions  -  January 18, 2021

Marsh & McLennan announces carbon reduction commitments

Marsh & McLennan, a global professional risk services firm, announced two important commitments on Jan. 14 in the effort to combat climate change. 

First, the company has pledged to be carbon neutral in 2021 through the reduction of greenhouse gas emissions in its own operations and the purchase of verifiable offsets. Second, the company has committed to reducing its carbon emissions by 15% below 2019 levels by the year 2025.

“At Marsh & McLennan, we recognize the opportunity, and indeed the obligation, that we have to be good stewards of the environment,” Dan Glaser, president and CEO of Marsh & McLennan, said in a statement. “We are committed to the principle of responsible capitalism. These climate initiatives represent a tangible step toward building a more sustainable environment for our colleagues, clients, shareholders and future generations.” 

These commitments also complement important climate work across the company. In 2020, Marsh’s Global Power & Energy Group launched the first integrated global renewable industry practice in insurance broking. Marsh is also helping clients measure and manage the risks to their assets and operations from hurricanes, floods and other natural perils in a changing climate.