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Press Release

WTW announces collaboration with Clyde & Co to help clients manage climate liability risks

June 29, 2023

The collaboration will leverage the organisations’ expertise and deep knowledge of key climate issues to help clients navigate the rapidly evolving climate risk and liability landscape.
Climate|Environmental Risks|Insurance Consulting and Technology
Climate Risk and Resilience

LONDON, June 29, 2023 — WTW (NASDAQ: WLTW), a leading global advisory, broking and solutions company, has today announced a collaboration with global law firm Clyde & Co. Building on a long-standing relationship, 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.

The collaboration with Clyde & Co will deliver significant value, complementing WTW’s offering by helping organisations better understand and manage the climate liability risks and respond to the opportunities presented by climate change.

We will be able to give our clients unprecedented access to regulatory and risk advice in the course of their ESG journeys,”

Nadine Coudel | Climate Liability Lead, Climate & Resilience Hub, WTW

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.”

As part of a wider climate risk assessment, the collaboration will offer WTW’s clients across sectors strategic and legal advice on climate liability risk exposures. WTW already 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: Analysis of current climate liability risks.
  • Regulatory: Planning for regulatory responses to climate change. With the landscape of climate regulation and disclosure rapidly evolving, Clyde & Co and WTW will provide advice and guidance on latest developments.
  • Contractual: Reviewing of current climate contracts for high-risk contract hotspots. Reviews of a client’s identified contracts will be carried out and advice provided on how to address physical risks and make them net-zero-aligned.

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organisations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximise performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

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