Global advisory, broking and solutions company Willis Towers Watson announced today a new commitment to achieve net zero emissions across company operations by 2050. The company stated that its new goal includes a target to reach 100% renewable energy supplies across the company’s real estate portfolio.
According to Willis Towers Watson, the company’s new net zero commitment aligns with the Science Based Targets initiative (SBTi), a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice.
The company’s new pledge follows the announcement last week by Willis Towers Watson of new sustainable investing targets, aiming to achieve net zero greenhouse gas emissions by 2050 at the latest, with at least a 50% reduction by 2030, in its fully discretionary delegated investment portfolios.
The company has also been active in building its skillset in helping clients address the challenges and opportunities of climate change through its Climate and Resilience Hub, the focal point for the its climate expertise and capabilities, delivering analytics, advice and transactions to corporate, finance and public sector institutions. In November, Willis Towers Watson acquired climate change adaptation advisory and analytics services provider Acclimatise, adding a unique platform to assimilate and apply climate model and earth observation data to support risk analytics and on-line applications, and in December, the company announced the transfer of the Climate Policy Initiative’s (CPI) Energy Finance team to the Climate and Resilience Hub.
John Haley, CEO, Willis Towers Watson, said:
“Climate change and its growing impact on society represents a significant global challenge. As one of the world’s leading risk advisors and experts in assessing and mitigating climate risk, Willis Towers Watson is committed to supporting measures aimed at helping to tackle climate change. The need to manage climate risk and support an orderly transition to a low-carbon, resilient economy is no longer solely a matter of conscience but a strategic and financial imperative. Today’s announcement further reinforces our company’s commitment to addressing this global challenge.”