WTW, Clyde & Co team up to tackle ESG, climate liability risks

Global broker  WTW has joined forces with insurance-focussed law firm Clyde & Co to help its clients manage the rapidly evolving climate risk and liability landscape, including transition to net-zero and regulatory and risk advice in their environmental, social, and governance (ESG) strategies.

WTW will offer Clyde & Co’s climate legal and risk expertise as part of its climate analytics and consulting offering to support clients in managing the impact of physical climate risks and their transition to net-zero.

WTW said the collaboration aims to help organisations better understand and manage the climate liability risks and respond to the opportunities presented by climate change.

As part of a wider climate risk assessment, it will offer WTW’s clients across sectors strategic and legal advice on climate liability risk exposures. WTW provides physical and transition risk assessments through its Climate and Resilience Hub. In order to mitigate these risks to avoid a disorderly transition, and to seize opportunities that will enable clients to stay ahead of the curve, three overarching areas of risk will be covered: liability, regulatory and contractual.

Nadine Coudel, climate liability lead, Climate & Resilience Hub, WTW, said: “The collaboration will further broaden our relationship with Clyde & Co, developed over a number of years. We will be able to give our clients unprecedented access to regulatory and risk advice in the course of their ESG journeys, pairing WTW’s world-leading consulting expertise and capabilities in delivering climate risk analytics with Clyde & Co’s renowned and globally integrated team of climate liability experts.”

Nigel Brook, partner, Clyde & Co, said: “With regulations tightening in the face of increasingly severe and frequent physical climate risks, there are profound implications for all industries. The onus on boardrooms to manage the risks presented by climate change is stronger than ever. We are pleased to be able to offer these services as part of WTW’s offering.”

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