Marsh & McLennan Companies
Primary Climate Goal
Marsh & McLennan Companies's target annual all Scopes emissions for 2025 should be equal to 156 Kt = 15% * 184 Kt, according to the company's stated climate goal.
In order to achieve this goal, Marsh & McLennan Companies would need to reduce its emissions at least by 7.1 Kt per annum over the period from 2021 to 2025:
7.1 Kt = ( 156 Kt - 120 Kt ) / (2025 - 2020)
This translates into a +5.9% increase in 2021.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Marsh & McLennan Companies aims to reduce all Scopes by 15% by 2025 from a base year 2019
This target is most likely outdated and the company appears to have already achieved it
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Marsh & McLennan Companies reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 101 Kt (-3 /-2.9% y-o-y). Also positively, carbon intensity plunged to 5.9 t (-0.3 /-4.8% y-o-y).
Marsh & McLennan Companies's Scope 3 emissions plummeted to 19 Kt (
The company is committed to reducing all Scopes by 15% by 2025 from a base year 2019, which it appears to have already achieved as of 2020. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.