GlobalData offers a comprehensive analysis of Marsh & McLennan, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Marsh & McLennan’s ESG performance. GlobalData’s company profile on Marsh & McLennan offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

Marsh & McLennan, a global professional services firm, has set net-zero targets by 2050 as part of its commitment to addressing climate change. Marsh & McLennan follows the guidance of the World Resources Institute's Greenhouse Gas Protocol and CDP's guidelines for carbon reporting. The company also discloses its Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions, as well as the related risks. According to the ESG report, in 2022 the company's scope 1 emissions was 27,036 mtCO2e, scope 2 (market-based) was 68,030 mtCO2e and scope 3 (air travel) was 50,634 mtCO2e.

The company acknowledges the importance of reducing GHG emissions and has taken steps to achieve this goal. It has implemented measures to manage climate-related risks and has a process in place for identifying, assessing, and managing these risks. The company has also made investments in renewable energy facilities and established dedicated insurance facilities for various types of renewable energy projects.

Marsh & McLennan has introduced innovative programs and services to support the transition to a low-carbon economy. For example, it has launched a Carbon Credit Payment Program that allows US clients to pay their service fees in voluntary carbon offset credits and renewable energy certificates. The company also offers a 3D carbon accounting service that helps companies quantify and understand their emissions, plan net-zero strategies, and monitor performance. Additionally, Marsh & McLennan is a member of the Glasgow Financial Alliance for Net Zero, which aims to raise climate ambition across the financial sector.

Overall, Marsh & McLennan is committed to reducing its GHG emissions and contributing to the global efforts to address climate change. The company has set net-zero targets by 2050 and follows established guidelines for carbon reporting. It has taken steps to manage climate-related risks and has made investments in renewable energy. Through its innovative programs and services, Marsh & McLennan is actively supporting the transition to a low-carbon economy.

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