Business Responsibility @ Marsh

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

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

Marsh 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.

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

Marsh 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.

Marsh does not use corporate funds for political contributions to candidates, committees, or parties. The prohibition applies to the use of corporate funds for all independent political expenditures in direct support of or opposition to any candidate, party, campaign, or ballot measure/referenda.

Trade associations, 501(c)(4)s, and 527 groups: Marsh supports trade associations, 501(c)(4)s, and similar issue-advocacy organizations to educate employees and policymakers, represent the best interests of its clients, and further its commercial interests. Each payment is reviewed and subject to attestation to ensure compliance with Marsh’s policy on political expenditures. The Company’s membership in a particular trade association does not suggest alignment with the association’s position on all public policy matters.

1. A list of Marsh’s trade associations and 501(c)(4) memberships can be found in the Business Responsibility Report, which is updated annually and lists organizations with dues totaling $25,000 or more. In the event contributions are made to a 527 group, the Company will disclose all such contributions in the Business Responsibility Report, in accordance with our commitment to accountability and regulatory compliance.
2. Marsh does not currently or plan to use corporate funds to contribute to 527 groups. However, the Company recognizes that political contributions may sometimes align with its business interests or the interests of the industry in which it operates. Therefore, Marsh may consider making contributions to 527 groups if such contributions are deemed to support the organization’s strategic business objectives and comply with all applicable laws, regulations, and Company policies. All decisions regarding political contributions are reviewed carefully to ensure alignment with Marsh’s policies and values.
3. The Business Responsibility Committee of the Marsh Board of Directors reviews this policy and Marsh’s Political Action Committee activities annually.

Marsh 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 colleagues.

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

Marsh 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 Advisory Committee governs without regard for the private political preferences of executives.

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.

Marsh PAC contributes to candidates for federal office who:

• Support Marsh’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 Marsh's Code of Conduct.

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

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

In addition, Marsh’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, including Marsh PAC.

Sound corporate governance principles, acting with integrity and maintaining the trust of our shareholders are among our most important values and practices at Marsh.

Key guidance includes:

• Tax Strategy
• Annual Reports + Proxy Statements
• Lobbying Disclosure, Office of the Clerk (house.gov)
• Transparency Register (europa.eu)

Find additional corporate governance guidelines, bylaws and charters here.