Global advisory and broking firm, WTW, has announced a strategic collaboration with global law firm Clyde & Co to strengthen its climate risk management offerings.
Leveraging their long-standing relationship, WTW will integrate Clyde & Co’s climate legal and risk expertise into its climate analytics and consulting services.
This collaboration aims to assist clients in effectively managing the impact of physical climate risks and transitioning to net-zero emissions.
By joining forces with Clyde & Co, WTW will enhance its comprehensive climate analytics and consulting suite, enabling organiSations to gain deeper insights into climate liability risks and capitaliSe on the opportunities presented by climate change.
The collaboration will provide WTW’s clients unparalleled access to regulatory and risk advice throughout their environmental, social, and governance (ESG) journeys.
This synergy combines WTW’s world-leading consulting capabilities in climate risk analytics with Clyde & Co’s renowned team of climate liability experts, ensuring clients receive comprehensive support in navigating complex climate-related challenges.
Nadine Coudel, Climate Liability Lead at WTW’s Climate & Resilience Hub, expressed her enthusiasm for the collaboration, stating, “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.”
The tightening regulations in response to the escalating physical climate risks pose significant implications for industries worldwide.
Nigel Brook, Partner at Clyde & Co, emphasiSed the growing responsibility of boardrooms to effectively manage climate risks, remarking, “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.”
Under the collaboration, WTW and Clyde & Co will provide strategic and legal advice on climate liability risk exposures as part of a comprehensive climate risk assessment for clients across various sectors. WTW’s existing Climate and Resilience Hub already offers assessments of physical and transition risks.
The collaboration between WTW and Clyde & Co will prioritise analysing climate liability risks, providing guidance on regulatory responses to climate change, and reviewing high-risk climate contracts to address physical risks and align with net-zero goals, ensuring a smooth and orderly transition for clients.
