Global broker WTW has partnered with law firm Clyde & Co to utilise its climate legal and risk knowledge.
The collaboration will enable WTW to use Clyde & Co’s climate legal and risk knowledge to support its clients.
WTW says the mandate will help its clients to better understand and manage climate liability risks and respond to the opportunities presented by climate change.
WTW currently provides physical and transition risk assessments through its Climate and Resilience Hub.
To mitigate risks and to aid its clients in their transition to net-zero, WTW will cover three areas of risk: liability, regulatory and contractual.
Commenting on the mandate, Nigel Brook, partner at Clyde & Co, says: “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.”
