MARSH & McLENNAN COMPANIES

ESG @ Marsh McLennan

Our Environmental, Social and Governance activities, commitments and reports

At Marsh McLennan, our ESG strategy is built on our ESG philosophy.
ESG is fundamental to our identity and the way we show up for our clients and the communities we impact. We have formally integrated environmental, social and governance factors into our decision-making processes since 2008, and believe that transparent and consistent disclosure enables better-informed business and investment decisions.

Our ESG Approach

Our ESG strategy is built on our ESG philosophy. At Marsh McLennan, ESG is fundamental to our identity and the way we show up for our clients and the communities we impact.

We have formally integrated environmental, social, and governance factors 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 company’s commitment to social, environmental and other public policy initiatives. The Committee reports to the Marsh McLennan Board on a regular basis (typically each board meeting).

Our Management ESG Committee supports the Marsh McLennan Board and the ESG Committee in identifying and advancing ESG priorities. Members are drawn from senior management across our four global businesses and corporate departments, with our Deputy General Counsel & Corporate Secretary serving as Chair.

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 McLennan 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 addressing cyber risk to helping close the world's protection gaps. Marsh McLennan 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.

John Doyle, President & CEO:
"I am proud of our ESG progress and grateful for our more than 85,000 colleagues, who help our clients and communities meet their biggest challenges, build resilience and find new possibilities every day."
Succeeding Together: 2022 ESG Report

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.

Succeeding Together: 2022 ESG Report

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.

Accelerating Impact: 2021 ESG Report

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.

Accelerating Impact: 2021 ESG Report

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.

Changing What's Possible: 2020 ESG Report

2020 was a year like no other, one that tested the world in unforeseen ways. At Marsh McLennan, it also reaffirmed a sense of purpose that goes far beyond commercial success. 

Changing What's Possible: 2020 ESG Report

2020 was a year like no other, one that tested the world in unforeseen ways. At Marsh McLennan, it also reaffirmed a sense of purpose that goes far beyond commercial success. 

A note on corporate governance policies and reporting.
Our government relations activity is subject to our code of conduct and other rules that address interactions with public officials and corporate political contributions. Find related guidelines and ESG documents below:

Policies on Political Expenditures and Conduct

Marsh McLennan 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 McLennan 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 McLennan 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 McLennan colleagues.

Marsh McLennan PAC does not contribute PAC funds to any presidential exploratory committee or presidential campaign committee. Marsh McLennan PAC publicly discloses all contributions as required by applicable laws. Federal Election Committee filings for Marsh McLennan PAC can be found here. 

PAC Governance

Marsh McLennan PAC is governed by an Advisory Committee, which administers the PAC’s 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 McLennan PAC contributes to candidates for federal office who:

• Support Marsh McLennan’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 in Marsh McLennan's Code of Conduct. 

Lobbying Activity and Disclosure

Marsh McLennan actively engages public officials at the federal and state levels on issues that impact our colleagues, businesses and clients. Marsh McLennan also retains outside consultants and lobbyists to advocate on our behalf.

In compliance with federal law, Marsh McLennan and its outside consultants file lobbying reports (LD-2) on a quarterly basis to disclose federal lobbying activities and expenses.

In addition, Marsh McLennan’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 McLennan, including Marsh McLennan 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 McLennan.

Key guidance includes:

Find additional corporate governance guidelines, bylaws and charters here.