Marsh McLennan Commits to Net Zero Operations by 2050
Professional services firm Marsh McLennan announced today a new set of climate commitments, including a goal to achieve net zero emissions across its operations by 2050.
The company also pledged to cut its emissions by 50% by 2030 and to set and execute low-carbon transition strategies across its global business operations in order to achieve these new goals. Marsh McLennan stated that it has also signed a commitment letter to the Science-Based Targets initiative (SBTi) and that it will work to set a science-based emissions reduction target in line with SBTi’s target-setting criteria.
Dan Glaser, President, and CEO, Marsh McLennan, said:
“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.”
Marsh McLennan’s new commitment was made with the release of its 2021 ESG report, detailing the progress the company has made towards its sustainability goals. Key achievements in the report include surpassing 2025 targets to cut Scopes 1 and 2 and business travel emissions 15% below 2019 levels, achieving CarbonNeutral certification for global operations, and narrowing the pay difference between women and men on a global basis and between non-White and White colleagues to less than 1%.
Katherine Brennan, Head of Marsh McLennan’s ESG Management Committee, said:
“The idea that companies must benefit all of their stakeholders – shareholders, colleagues, clients and the communities in which they operate – has long spurred Marsh McLennan’s actions in the areas we now refer to as ESG. These stakeholders have come to expect transparency through ESG reporting, and it is our hope that through this report they gain a greater understanding of our impact.”