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Podcast

Powered by Marsh FINPRO: Emissions, carbon offsets, and the path to net zero

This episode discusses the complexities of the sustainability ecosystem, the metrics behind carbon reduction and more.

Organizations are facing increased pressure to direct their operations toward carbon neutrality. Stakeholders demand transparency, and the threat of litigation looms over those who make unverified claims. 

With sustainability initiatives on the rise, how can you ensure your organization meets these expectations while protecting itself from potential legal challenges?

In this episode of Powered by Marsh FINPRO, host Grace Brighter, AVP FINPRO Placement at Marsh, speaks with Shea Jameel, Senior Director of Sustainability at Marsh, about the complexities of the sustainability ecosystem, the metrics behind carbon reduction, growing interest from stakeholders in corporate sustainability efforts, and the importance of transparency in sustainability claims.

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Key takeaways

Mitigation hierarchy for emissions

Organizations must use a structured approach to first avoid emissions, then reduce them, and finally offset any remaining emissions through high-quality carbon offset projects.

Carbon offset project development

Developing carbon offset projects requires identifying and quantifying emission reduction actions while ensuring adherence to rigorous standards, with an emphasis on third-party verification and the role of registries in enhancing transparency and credibility.

Risks and best practices in carbon offsetting

Organizations must recognize the potential risks of carbon offset projects and should prioritize thorough vetting, understanding the implications of offset claims, and maintaining transparency with stakeholders to build trust and mitigate legal risks.

Podcast

Powered by Marsh FINPRO podcast series

Learn more about our podcast series that examines the opportunities and challenges in the energy and power industry due to the energy transition and how to manage the resulting management liability risks.

About our speakers

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Sarah Baldys

Senior Vice President, FINPRO Power & Renewables Leader

  • United States

Sarah is a Senior Vice President at Marsh where she leads a national team of FINPRO colleagues with specialized expertise in the Energy and Power sector.

Shea Jameel

Shea Jameel

Senior Director, Sustainability, Legal, Compliance & Risk

  • United States

Shea is a sustainability leader at Marsh McLennan, where she is responsible for ESG reporting and spearheading the company's climate initiatives.

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Grace Brighter

Assistant Vice President

  • United States

Grace Brighter is an Assistant Vice President within Marsh’s FINPRO Placement Team. She is responsible for working with insurance carriers and negotiating competitive coverage for her clients.