Through this initiative, we are supporting organizations that are developing and providing carbon removal solutions. Our focus is not just on financial support, but also on fostering employee education and engagement. Through a series of webinars, site visits, pro bono consulting engagements and ongoing educational initiatives, our program aims to not only support the scaling of these important solutions, but to transfer the knowledge to our clients and communities.
At Oliver Wyman, a business of Marsh McLennan, we recognize the urgent need for climate action. We are firmly committed to achieving net zero emissions across Marsh McLennan’s global operations by 2050. Our near-term targets, validated by the Science Based Targets initiative (SBTi), align with the latest climate science. Additionally, we have maintained our CarbonNeutral® status since 2020 by compensating for emissions we can’t reduce.
To accelerate our progress, we at Oliver Wyman aim to cut air travel by 40% per full-time equivalent (FTE) by 2025, using 2019 as our baseline. We’ve also implemented an internal carbon price for air travel emissions starting in 2023 to encourage responsible travel decisions.
In 2023, we launched the Climate Leadership Portfolio, which is dedicated to supporting carbon removal solutions in various stages of development. This Oliver Wyman initiative emphasizes colleague engagement and education about these important nature-based and engineered solutions, fostering our culture of sustainability.
At Oliver Wyman, we are not just setting targets; we are taking meaningful action to create a healthier planet for future generations. Explore Marsh McLennan’s ESG page for more on our ESG Report, SBTi-validated climate targets, 2024 California AB-1305 Disclosure, CarbonNeutral® certification, Voluntary Carbon Offsets List, and GHG Inventory Verification Statement.
Responding to the climate challenge is a transformational journey that is crucial to companies everywhere
Our Climate Academy is a learning and training curriculum designed to give all consulting staff the tools they need to execute high-impact strategies for our clients through the climate transition.
GROW is a global community of colleagues who seek to make tangible impact by supporting Oliver Wyman’s commitment to sustainability, particularly at the local office level. Using our Actioning Net Zero online hub, featuring role-specific best practices and training, the GROW teams take the lead in engaging colleagues on our commitments and spreading the message that every job is a climate job.
Launched in December 2021, our philanthropic reforestation program, GROWTrees, works with nonprofits such as One Tree Planted to give our colleagues the opportunity to have a voice in supporting reforestation projects. The focus is not just on planting, but also nurturing trees over time. Combined with in-person urban tree planting efforts, the program has supported the planting and growing of more than 130,000 trees and counting.
Additional tools are available to Oliver Wyman employees on our Actioning Net Zero hub, featuring role-specific best practices, tools and training to help the organization adapt to a more sustainable way of working. Colleagues can progress their knowledge of climate and sustainability topics on Degreed, utilize a travel carbon footprint estimator to minimize the impact of upcoming business travel, and more.
Introducing GROWTrees
In December we announced our new reforestation program, GROWTrees. To celebrate the program’s launch we donated a tree for every Oliver Wyman employee through the nonprofit, One Tree Planted. Colleagues voted to plant their tree in 1 of 7 projects we selected to seed our global forest, providing co-benefits that protect wildlife, promote food and water security, support indigenous communities, and improve long-term climate resilience.
The Mangrove Breakthrough
We proudly support an international alliance of corporates and non-profits dedicated to restoring 15 million hectares of mangroves by 2030. Their roadmap to secure funding for mangrove restoration projects aligns with our commitment to nature-based carbon removal. As an early investor, we are supporting the establishment of a secretariat to secure the necessary funding and help them achieve their goals.
Seaweed Generation
We proudly support a UK-based blue carbon start-up using automated robots to remove toxic Sargassum, improve health, and reduce carbon. They were recognized as one of TIME's best inventions of 2023. Our support includes the development of a citizen science mobile app and the deployment of four new buoys with environmental monitoring capabilities, which are critical next steps in achieving social licensing and scaling their efforts.
Charm Industrial
We proudly support Charm Industrial, a climate technology company utilizing bio-oil for permanent carbon removal. They are a verified carbon removal leader, recognized by Isometric and Patch. Their bio-oil has the potential to replace fossil fuels in iron making, a process that is currently 6% of global emissions. Our support includes the purchase of premium 2021 carbon removal credits, which are in limited supply, furthering their mission of carbon removal.
Patch
We proudly support Patch, a platform that helps buyers select a diverse portfolio of nature and technology-based credits while providing critical funding for project developers to scale their operations. Patch has established rigorous standards that evolve scientific and regulatory standards for all solutions on their platform. Our support includes the purchase of carbon credits from Carbon Cure, a Canadian company that injects captured CO2 into concrete during mixing, contributing to carbon removal efforts.
The Mangrove Breakthrough
We proudly support an international alliance of corporates and non-profits dedicated to restoring 15 million hectares of mangroves by 2030. Their roadmap to secure funding for mangrove restoration projects aligns with our commitment to nature-based carbon removal. As an early investor, we are supporting the establishment of a secretariat to secure the necessary funding and help them achieve their goals.
Seaweed Generation
We proudly support a UK-based blue carbon start-up using automated robots to remove toxic Sargassum, improve health, and reduce carbon. They were recognized as one of TIME's best inventions of 2023. Our support includes the development of a citizen science mobile app and the deployment of four new buoys with environmental monitoring capabilities, which are critical next steps in achieving social licensing and scaling their efforts.
Charm Industrial
We proudly support Charm Industrial, a climate technology company utilizing bio-oil for permanent carbon removal. They are a verified carbon removal leader, recognized by Isometric and Patch. Their bio-oil has the potential to replace fossil fuels in iron making, a process that is currently 6% of global emissions. Our support includes the purchase of premium 2021 carbon removal credits, which are in limited supply, furthering their mission of carbon removal.
Patch
We proudly support Patch, a platform that helps buyers select a diverse portfolio of nature and technology-based credits while providing critical funding for project developers to scale their operations. Patch has established rigorous standards that evolve scientific and regulatory standards for all solutions on their platform. Our support includes the purchase of carbon credits from Carbon Cure, a Canadian company that injects captured CO2 into concrete during mixing, contributing to carbon removal efforts.
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