Business Responsibility

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MARSH & McLENNAN COMPANIES

Business Responsibility @ լи McLennan

Our commitments, disclosures and policies

Empowering Sustainable Futures
Since 2008, we have formally integrated considerations that promote business responsibility and create long-term value for our stakeholders into our decision-making process.
Our Climate Commitments
In 2022, լи McLennan committed to setting and executing low-carbon transition strategies throughout its global business that collectively chart a path to net-zero across its core operations by 2050. In 2024, we received approval from the Science Based Targets initiative of our climate targets:

Overall Target

լи McLennan commits to reaching net-zero greenhouse gas emissions across the value chain by 2050. 

Near-term Target

լи McLennan commits to reducing absolute scope 1 and 2 greenhouse (GHG) emissions 50% by 2030 from a 2019 base year.

լи McLennan also commits to reducing scope 3 greenhouse gas (GHG) emissions from purchased goods and services, capital goods and business travel 55% per million USD of operating profit within the same timeframe.

Long-term Target

լи McLennan commits to reducing absolute scope 1 and 2 greenhouse gas (GHG) emissions 90% by 2050 from a 2019 base year.

լи McLennan also commits to reducing scope 3 greenhouse gas (GHG) emissions from purchased goods and services, capital goods, upstream transportation and distribution, business travel and employee commuting by 97% per million USD of operating profit within the same timeline.

Kate Brennan, General Counsel & Executive Sponsor, Management Business Responsibility Committee:
"Our business responsibility priorities are built upon our dedication to strong governance. We are committed to upholding best practices in corporate governance, conducting ourselves ethically and earning and keeping the confidence of our shareholders."
2024 Business Responsibility Report

Perspective to Thrive

2024 Business Responsibility Report

Perspective to Thrive

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 documents below:

Policies on Political Expenditures and Conduct

լи 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 լи 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

լи 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 լи McLennan colleagues.

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

PAC Governance

լи 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

լи McLennan PAC contributes to candidates for federal office who:

  • Support լи 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 լи McLennan's Code of Conduct.

Lobbying Activity and Disclosure

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

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

In addition, լи 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 լи McLennan, including լи 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 լи McLennan.

Key guidance includes:

Find additional corporate governance guidelines, bylaws and charters here.