New partnership will leverage both organizations’ expertise and deep knowledge of key climate issues to help clients navigate the rapidly evolving climate risk and liability landscape
London, UK (July 6, 2023) – WTW, a leading global advisory, broking and solutions company, is pleased to announce 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.
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.
At WTW (NASDAQ: WLTW), 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 organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder-to-shoulder with our clients, we uncover opportunities for sustainable success – and provide perspective that moves you. For more information, visit www.wtwco.com.
About Clyde & Co
Clyde & Co is a leading global law firm, specialising in the sectors that underpin global trade and commercial activity, namely: insurance, transport, construction, energy, trade and commodities. It is globally integrated, offering a comprehensive range of contentious and non-contentious legal services and commercially-minded legal advice to businesses operating across the world. Clyde & Co is committed to operating in a responsible way. This means progressing towards a diverse and inclusive workforce that reflects the diversity of its communities and clients, using its legal skills to support its communities through pro bono work, volunteering and charitable partnerships, and minimising the impact it has on the environment. The firm has 480 partners, 2400 lawyers, 3200 legal professionals and 5000 people overall in over 60 offices and associated offices worldwide. Learn more at www.clydeco.com.
About the Climate and Resilience Hub
The Climate and Resilience Hub (CRH) is the focal point for our climate expertise and capabilities, pooling knowledge from across our people, risk and capital businesses and from our collaborations to deliver climate and resilience solutions in response to a range of regulatory, investor, consumer, employee and operating pressures. Under the Climate Quantified™ brand we deliver analytics, advice and transactions to enable corporate, finance and public sector institutions to embrace the climate decade ahead.
SOURCE: Willis Towers WatsonTags: climate change, Clyde & Co, liability, partnership, resilience, Willis Towers Watson (WTW)