MARSH & McLENNAN COMPANIES

ESG @ Marsh McLennan

ESG is central to who we are and how we serve our clients and communities.
How our company advances good in the world has always been important to us; and environmental, social and governance considerations have been a formal part of our decision-making since 2008. That ESG concerns are moving toward the center of corporate decision-making is good news for society. Our shared challenge is to bring an even greater urgency to advancing social equity, sustainability and accountability.
Kate Brennan, General Counsel and Chair, Management ESG Committee:
"We believe transparent and consistent disclosure enables better-informed business and investment decisions."
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 The Greater Good. 

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.