Our ESG Approach
Our ESG strategy is built on our shared Purpose and Commitments.
We have formally integrated ESG considerations into our decision-making processes since 2008 and believe that transparent and consistent disclosure enables better-informed business and investment decisions.
The Board ESG Committee oversees and supports the companys commitment to social, environmental and other public policy initiatives. The Committee reports to the Marsh 諶諶囂排 Board on a regular basis (typically at each board meeting).
The Management ESG Committee supports the Marsh 諶諶囂排 Board and Executive Committee in identifying, aligning and prioritizing new and existing ESG objectives across Marsh 諶諶囂排. Members are drawn from senior management across our four global businesses and corporate departments, with our deputy general counsel, chief compliance officer and corporate secretary serving as chair.
Our Client Advisory teams support our clients in navigating complex ESG issues and in working toward their own ESG goals at all stages of their journeys.
The Sustainability team advances internal ESG priorities across Marsh 諶諶囂排, including progress against our net-zero goal.
Our ESG Philosophy
Our commitment to ESG starts at home
We model the behaviors we want to see in the world. Strong and effective corporate governance will help promote these behaviors and protect our culture.
Our people are our greatest strength
Our company's greatest strength is the collective talent of our people. Inclusion means more than acceptance it means belonging. Every person has a unique knowledge and experience. Individually, that makes us valuable and together, extraordinary.
Our future requires climate resilience
Climate change is a global issue and we all have a role to play in addressing it. A low-carbon future can support a sustainable, competitive business environment, while creating new opportunities for Marsh 諶諶囂排 and all of our stakeholders.
Our company plays an important role
Many issues of public importance cannot be solved without corporate leadership from developing and supporting high quality and accessible healthcare systems to building climate resilience to addressingcyber risk to helping close the world's protection gaps. Marsh 諶諶囂排 is uniquely positioned to help society take on these challenges.
Change is up to all of us
No individual, no company and no country can alone effect change. We will engage with our colleagues, our clients, our shareholders, our communities and governments around the world to take on the great challenges of our time.
Near-term Target
Marsh 諶諶囂排 commits to reducing absolute scope 1 and 2 greenhouse (GHG) emissions 50% by 2030 from a 2019 base year.
Marsh 諶諶囂排 also commits to reducing scope 3 greenhouse gas (GHG) emissions from purchased goods and services, capital goods and business travel 55% per million USD of operating profit within the same timeframe.
Long-term Target
Marsh 諶諶囂排 commits to reducing absolute scope 1 and 2 greenhouse gas (GHG) emissions 90% by 2050 from a 2019 base year.
Marsh 諶諶囂排 also commits to reducing scope 3 greenhouse gas (GHG) emissions from purchased goods and services, capital goods, upstream transportation and distribution, business travel and employee commuting by 97% per million USD of operating profit within the same timeline.
In 2023, we have moved beyond commitments to taking action.
In 2023, we have moved beyond commitments to taking action.
Across four global businesses, our collective capabilities contributed to a broad spectrum of ESG issues on behalf of clients and in support of communities in 2022.
Across four global businesses, our collective capabilities contributed to a broad spectrum of ESG issues on behalf of clients and in support of communities in 2022.
We made progress against our 2021 climate commitments and have made new ones in 2022, including our intention to become net-zero across our operations globally by 2050.
We made progress against our 2021 climate commitments and have made new ones in 2022, including our intention to become net-zero across our operations globally by 2050.
2020 was a year like no other, one that tested the world in unforeseen ways. At Marsh 諶諶囂排, it also reaffirmed a sense of purpose that goes far beyond commercial success.
2020 was a year like no other, one that tested the world in unforeseen ways. At Marsh 諶諶囂排, it also reaffirmed a sense of purpose that goes far beyond commercial success.
Policies on Political Expenditures and Conduct
Marsh 諶諶囂排 does not use corporate funds for independent political expenditures in support of or opposition to any candidate for office. That prohibition also applies to payments made to trade associations. Each payment to a trade association is individually reviewed and subject to attestation, to ensure compliance with this prohibition.
Further, it is our policy that Marsh 諶諶囂排 does not engage in the following kinds of political conduct:
Paying for independent advertising or public communications that expressly support or oppose a federal political candidate
Communicating its view on specific candidates
Communicating a view on whether a candidate's voting record is in line with the company's view on issues
Establishing a federal political action committee (PAC) to engage in so-called independent expenditures.
A Foundation for Ethical Political Engagement
Marsh 諶諶囂排 Political Action Committee (PAC) is a non-partisan, US federal political action committee that receives voluntary contributions from Company employees. The Company's political action committee provides the Government Relations Department with important opportunities to build relationships with federal lawmakers. The PAC does not use corporate funds to make political contributions and operates with a loyal base of voluntary support from Marsh 諶諶囂排 colleagues.
Marsh 諶諶囂排 PAC does not contribute PAC funds to any presidential exploratory committee or presidential campaign committee. Marsh 諶諶囂排 PAC publicly discloses all contributions as required by applicable laws. Federal Election Committee filings for Marsh 諶諶囂排 PAC can be found
PAC Governance
Marsh 諶諶囂排 PAC is governed by an Advisory Committee, which administers the PACs budget over each two-year election cycle and oversees compliance with US federal election laws.
The PAC makes contributions with the approval of the Advisory Committee chairperson to federal candidates that are governed by a set of criteria and made transparent according to federal law and Company policy.
For more details, please review the PAC By-Laws here.
Giving Guidelines
Marsh 諶諶囂排 PAC contributes to candidates for federal office who:
Support Marsh 諶諶囂排s business interests and those of our clients.
Serve on committees with jurisdiction over policies that are core to our interests.
Serve in districts or states where our colleagues live and work, and
Align with our Company's values as outlined inMarsh 諶諶囂排's Code of Conduct.
Lobbying Activity and Disclosure
Marsh 諶諶囂排 actively engages public officials at the federal and state levels on issues that impact our colleagues, businesses and clients. Marsh 諶諶囂排 also retains outside consultants and lobbyists to advocate on our behalf.
In compliance with federal law, Marsh 諶諶囂排 and its outside consultants file lobbying reports (LD-2) on a quarterly basis to disclose federal lobbying activities and expenses.
In addition, Marsh 諶諶囂排s federal lobbyists are required to file semiannual LD-203 reports on any personal funds contributed to federal candidates. A separate semiannual LD-203 report is filed on behalf of Marsh 諶諶囂排, including Marsh 諶諶囂排 PAC.
Corporate Governance Documents
Sound corporate governance principles, acting with integrity and maintaining the trust of our shareholders are among our most important values and practices at Marsh 諶諶囂排.
Key guidance includes:
Find additional corporate governance guidelines, bylaws and chartershere.
FEATURED DOCUMENTS
REPORT
Empowering Sustainable Futures: 2023 ESG Report
REPORT
Succeeding Together: 2022 ESG Report
REPORT
Accelerating Impact: 2021 ESG Report
REPORT
Changing What's Possible: 2020 ESG Report
