In this report from Marsh McLennan developed for COP 29, Guy Carpenter experts join colleagues from other Marsh McLennan businesses to discuss how extreme heat, driven by climate change, presents serious health, economic and social issues, especially for vulnerable communities.
To effectively manage heat risks, a collaborative and proactive approach between governments and private sector organizations is essential. This should integrate resilience strategies across sectors and address the root causes of vulnerability to ensure community well-being and sustainability.
To transform the way society responds to extreme heat requires action from many stakeholders. In particular, there are key roles for corporates, public sector and government, and insurance. Corporates can increase heat resilience by moving from risk analysis to action. The public sector and governments can apply policy and public finance levers and engage in cross-sectoral initiatives to increase heat resilience. And the insurance industry can help mobilize financial resources for heat resilience.
Authors and Contributors
Guy Carpenter
Bridget Carle, Senior Vice President, Public Sector Practice
Ruth Lux, Head of Public Sector, UK, Europe, Middle East and Africa
Marsh
Amy Barnes, Head of Climate & Sustainability Strategy
Nick Faull, Head of Climate & Sustainability Risk
Jack Watt, Vice President, Climate & Sustainability Strategy, Marsh Global Specialty
Mercer
Tracy Watts, Senior Partner, National Leader for US Healthcare Policy
Cara Williams, Senior Partner, Global Head of ESG, Climate and Sustainability
Marsh McLennan
Swenja Surminski, Managing Director, Climate and Sustainability