Global broker Marsh pledges to be carbon neutral in 2021

Global broker Marsh & McLennan (MMC), the parent company of Marsh, Guy Carpenter, Mercer and Oliver Wyman Group, has revealed two carbon-related commitments to help combat climate change.

Announcing two "important commitments", MMC said that it 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.

Secondly, the company has committed to reducing its carbon emissions by 15 percent below 2019 levels by the year 2025.

“At Marsh & McLennan, we recognise the opportunity, and indeed the obligation, that we have to be good stewards of the environment,” said Dan Glaser, President and CEO, Marsh & McLennan. “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.”

The company noted that these commitments complement the existing climate work that is occurring across the company, such as decarbonizing business models, integrating new technologies to support the transition to a low carbon economy, and quantifying climate risks in investment portfolios for institutional clients, among others.

MMC said it will reveal the specifics of these commitments in the company’s 2020 ESG report in March.