Marsh & McLennan Companies Recognized by Ca...
Carbon Disclosure Project Adds Marsh & McLennan Companies to its Carbon Disclosure Leadership Index
Marsh & McLennan Companies Recognized by Carbon Disclosure Project for Leadership in Climate Change Disclosure
Marsh & McLennan Companies, Inc.
Marsh & McLennan Companies, Inc. (NYSE: MMC), a global professional services firm providing advice in the areas of risk, strategy and human capital, today announced that it has been included in the Carbon Disclosure Project’s 2011 Carbon Disclosure Leadership Index. The Company was recognized for its disclosure of climate change information and actions taken to integrate climate-change awareness and practices into its core business strategy. In June, Marsh & McLennan Companies issued a Corporate Citizenship Report showcasing its work in environmental sustainability, corporate social responsibility, and diversity and inclusion, available at http://www.mmc.com/CorporateCitizenship/index.php.
The Carbon Disclosure Project (CDP) is an organization that collects climate change metrics and other information for 551 institutional investors with $71 trillion in assets under management. The Carbon Disclosure Leadership Index (CDLI), a key component of CDP’s annual S&P 500 report, highlights the companies within the S&P 500 Index that have demonstrated a commitment to measure and report on carbon emissions and have acted to address climate change. The index is compiled by PricewaterhouseCoopers on behalf of CDP and is used as an evaluation tool for institutional investors and others.
Elizabeth Barry, Chief Sustainability Officer of Marsh & McLennan Companies, said: “As an organization, we strive to improve our performance in the Carbon Disclosure Project rankings annually. In preparing our response for 2011, we worked to capture our enterprise-wide actions in environmental sustainability and to report on and measure our work with a higher degree of quality and detail. Our inclusion in the Carbon Disclosure Leadership Index speaks to our success and inspires us to achieve even more in the coming years. We are fortunate to have the direction of our leadership, which has embraced sustainability and climate-related issues as an important focus of the firm’s overall strategy.â€
Adele Simmons, a member of the Marsh & McLennan Companies Board of Directors and Chair of its Corporate Responsibility Committee, which oversees environmental sustainability, said: "The Company’s Board of Directors has taken a keen interest in sustainability and climate change-related issues in the past several years. It is gratifying to see the firm be recognized for its continued growth of an environmental sustainability focus in its business strategy and utilizing its expertise to help clients minimize climate change risks, identify sustainable investment opportunities and navigate sustainability issues.†Ms. Simmons is also Vice Chair of Metropolis Strategies and President of the Global Philanthropy Partnership.
Marsh & McLennan Companies is one of 11 companies from the S&P 500 index’s financial sector to be named part of the CDLI, based on analysis of the firm’s responses to CDP’s questionnaire on greenhouse gas emissions, emission reduction targets, and risks and opportunities associated with climate change. The CDLI consists of the top 10 percent of S&P 500 companies with the highest carbon disclosure scores, indicating good internal data management and understanding of climate change-related issues affecting their companies.
The CDP’s S&P 500 report, including the names of companies featured in the Carbon Disclosure Leadership Index, can be found at www.cdproject.net.
Marsh & McLennan Companies has made a strategic commitment to reducing its environmental impact and providing a healthy and environmentally conscious workplace. In addition to incorporating sustainable practices in its own operations, Marsh & McLennan Companies offers an array of environmental risk management solutions and services to assist its clients in analyzing, reducing and managing their own environmental impact.
The Board of Marsh & McLennan Companies established a Corporate Responsibility Committee in 2008. The Committee's purpose is to review the Company's responsibilities and activities as a corporate citizen and to seek to identify and analyze sustainability, government relations and social responsibility issues and trends, nationally and internationally, that may be relevant to the Company's business positioning, employee involvement and engagement and brand. The Chair of the Committee is Adele Simmons, and the Committee also includes Directors Bruce Nolop and Lloyd Yates.
For further information regarding Marsh & McLennan Companies’ sustainability efforts please visit http://www.mmc.com/sustainability/index.php. The Company’s 2010 Corporate Citizenship Report, including information on its sustainability activities, is available at http://www.mmc.com/CorporateCitizenship/index.php.
About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE: MMC) is a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. MARSH is a global leader in delivering risk and insurance services and solutions; GUY CARPENTER is a global leader in providing risk and reinsurance intermediary services; MERCER is a global leader in human resource consulting, outsourcing and investment services; and OLIVER WYMAN is a global leader in management consulting. Marsh & McLennan Companies’ 52,000 colleagues worldwide provide analysis, advice and transactional capabilities to clients in more than 100 countries. The Company prides itself on being a responsible corporate citizen and making a positive impact in the communities in which it operates. For more corporate information, visit www.mmc.com or www.PartneringImpact.com, which highlights the Company’s world-class capabilities and its solutions for the complex problems enterprises face today.
About CDP
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change and water information in the world. Some 3,000 organizations across the world’s largest economies now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 551 institutional investors, holding US$71 trillion in assets. For more information, visit www.cdproject.net.
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