Marsh & McLennan, a global professional services firm, has set a net-zero target to reduce its carbon emissions. Marsh & McLennan's latest filings mentioned the keywords 'Emissions' and 'Carbon' most number of times in relation to 'Net Zero'.

The company has aimed to execute low-carbon transition strategies that chart a path to net-zero across its operations by 2050 and reduce its carbon emissions by 50% by 2030. The company is committed to Science Based Targets initiative (SBTi) and is working on a climate transition plan to achieve its targets. A number of steps have been taken in the past year towards long-term net-zero target including 100% renewable electricity, a sustainable aviation fuels (SAF) pilot, and increased use of removals offsets towards net-zero. Marsh & McLennan has disclosed its Scope 1, Scope 2, and Scope 3 GHG emissions and related risks. In 2022, the company reported Scope 1 emissions at 27,036 mtCO₂ equivalent and Scope 2 emissions (market based) at 68,030 mtCO₂ equivalent, and Scope 3 (air travel) emissions at 50,634 mtCO₂ equivalent.

The company has also described its processes for managing climate-related risks and has identified steps to reduce its emissions. Marsh & McLennan has established dedicated insurance facilities for four types of renewable energy projects, including offshore wind, solar, battery energy storage systems, and hydrogen.

The company has also introduced the Carbon Credit Payment Program that allows US clients to pay their Marsh service fees in voluntary carbon offset credits and renewable energy certificates. The program is believed to be a first-of-its-kind in the financial services industry, and is part of Marsh’s commitment to help accelerate the energy transition from traditional energy sources to renewables and to recognize clients pursuing and exceeding net-zero carbon emission goals. Marsh & McLennan is partnering with the Glasgow Financial Alliance for Net Zero to raise climate ambition across the financial sector and drive systemic change for the transition to a global net-zero greenhouse gas emissions economy.

In conclusion, Marsh & McLennan is helping its clients embed climate change strategies into many aspects of their businesses, from navigating the transition to a resilient, low-carbon economy to managing the physical risks associated with extreme weather events.

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