Reinsurance broker Guy Carpenter, a part of the Marsh McLennan business, has launched a suite of climate advisory and modelling services for customers looking to develop strategies to address physical, transition and liability risks posed by global warming.

The broker says the offerings will help companies to develop and integrate robust climate change strategies into their environmental, social and governance programs.

It is partnering with other Marsh McLennan businesses - Marsh, Oliver Wyman, and Mercer - to offer the services. These services include transition risk modelling, climate investment portfolio modelling, asset-level resilience surveys and scoring, and commercial due diligence.

“Managing climate risk is becoming an increasingly prominent component of an organisation’s overarching environmental, social and governance approach, with the majority of our clients expressing a strong desire to develop robust strategies on this front,” Guy Carpenter President Dean Klisura said.

“As the direct impacts of a shifting climate reverberate through our industry, Guy Carpenter is working to provide our clients with the foundations necessary to build resilience, ensuring that they are in turn able to deliver for their clients during this transformative period for our planet.”