Insurer fights climate change
Marsh, Inc., encourages clients to make long-term commitments to reduce the risks from global warming.
With annual revenues approaching $5 billion, Marsh, Inc., recently joined the Pew Center on Climate Change’s Business Environmental Leadership Council (BELC). Marsh is one of the world’s largest insurance companies and is now attempting to protect itself against economic consequences that might arise from global warming.
Established in 1998, BELC has 41 members, mainly Fortune 500 companies representing industries such as chemical and pharmaceutical producers along with mining and energy firms. Each company has committed to take steps that address global warming while remaining competitive and profitable, according to the BELC.
“Climate change... is a challenge that our clients—and the world—will face for a very long time,” said Marsh Chairman and CEO Brian Storms in a prepared statement. In April, Marsh published Climate Change: Business Risk and Solutions, a 32-page report that describes the potential impact of global warming on businesses.
