Marsh McLennan receives validation of climate targets from SBTi

NEW YORK, September 27, 2024 — Marsh McLennan (NYSE: MMC), a global leader in risk, strategy and people, today announced it received validation of its near-term and long-term climate targets from the Science Based Targets initiative (SBTi).

Two years ago, Marsh McLennan committed to setting and executing low-carbon transition strategies throughout its global business that collectively chart a path to net-zero across its core operations by 2050 and submitting its targets for validation to SBTi, a corporate climate action organization that develops standards, tools and guidance to help companies to set greenhouse gas (GHG) emissions reduction targets in line with what is needed to reach net-zero by 2050.

“Receiving validation of our targets is an important milestone. We are proud to help lead the transition to lower emissions,” said Kate Brennan, General Counsel and Executive Sponsor of the Management ESG Committee, Marsh McLennan. “Already, we are applying the learnings from our experience to help other companies and communities navigate the transition to a resilient, low-carbon economy, and we look forward to continuing our journey.”

Marsh McLennan’s targets include:

• The Company will reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year in the near-term. It will also reduce scope 3 GHG emissions from purchased goods and services, capital goods and business travel by 55% per million USD operating profit within the same timeframe.
• Over the long-term, the Company will reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year. It will also reduce scope 3 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 timeframe.
• The Company expects to reach net-zero emissions across its direct and indirect operations by 2050, including its offices, company cars, business travel, purchasing and employee commuting.

About Marsh McLennan

Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, or follow on LinkedIn and X.

Media Contact:
Erick R. Gustafson
Marsh McLennan
+1 202 263 7788
erick.gustafson@mmc.com

Investor Contact:
Sarah DeWitt
Marsh McLennan
+1 212 345 6750
sarah.dewitt@mmc.com