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One big thing: Today is Zero Emissions Day, which brings people together globally to encourage significant emissions reductions. This year’s theme is, “Let the Earth Breathe.”

• Abigail Neary, head of sustainability at Aon, said, “Climate risk is a critical issue for the global economy and we’re seeing a massive and rapidly growing redeployment of capital to spur innovation to address it. We see a future where companies growing with climate in mind will face fewer risks.”
• During New York Climate Week Aon hosted a series of panel discussions and breakout sessions including: Unlocking Capital with Physical Risk Analytics; Building a Deep, Vibrant and Reliable Carbon Market Ecosystem; Energy Transition is Inevitable: Channeling Risk Finance to Make it Growth Oriented and Sustainable, and From Supply Chain to Supply Shed: A New Model for Regenerative Agriculture.

Zoom out: Aon’s 2022 Environmental, Social and Governance (ESG) Impact Report demonstrates how we operate our firm and the market-leading solutions we deliver to meet our client’s emerging needs.  Additional highlights from our Aon United strategy that drive better solutions and better outcomes for our clients and our firm include:

• Aon, along with the International Federation of Red Cross (IFRC) and the Center for Disaster Protection (CDP), have developed the InsuResilience Solutions Fund (ISF), which supports the Disaster Response Emergency Fund’s (DREF) ability to respond to natural disasters. The fund offers an insurance backstop to provide financial support to the DREF for natural disasters, including floods, earthquakes, wildfires, droughts and hurricanes around the world. Read more here.
• As part of Aon’s commitment to achieving net-zero greenhouse gas emissions by 2030, the firm has set a near-term science-based emissions reduction target, which has been approved by the Science Based Targets initiative (SBTi). The approval means that Aon’s targets are consistent with a global goal of limiting warming to 1.5°C by 2032. Read more here.
• To support the firm’s ESG strategy, Aon launched a pilot in the U.S. to distribute small grants to climate, environment and sustainability nonprofits that our colleagues care about. Some of these projects include habitat, river, park and trail cleanups, preparing a home for a family transitioning from homelessness, collecting used furniture and more.
• Aon joined the International Emissions Trading Association as the first member with risk capital capabilities. Read more here.
• Aon’s President, Eric Andersen, testified before the U.S. Senate Budget Committee to discuss the role insurance can play in mitigating climate risk. Read more here.
• The firm launched a new climate innovation hub in Singapore, supported by the Singapore Economic Development Board, that will help Aon’s clients around the world navigate environmental risks and opportunities. Learn more.