Oliver Wyman Forum Releases New Climate Action Navigator

NEW YORK, September 28, 2021 — The Oliver Wyman Forum, Oliver Wyman’s research and leadership community, unveiled a new Climate Action Navigator today which will help senior leaders explore the actions they need to take to enable us to halve emissions by 2030, keeping a 1.5 degrees temperature rise in reach.

The Climate Action Navigator helps public and private sector leaders to plot a path through the climate science. It identifies emissions levels for 22 industry sectors in 12 global regions, and quantifies the effects of different carbon-reduction strategies. Our Climate Action Library brings together, for the first time, an assessment of the impact of multiple different mitigation actions, including changes in energy and fuel usage, in building construction and heating, in industrial processes and transportation, in land use and food efficiency, and in negative emission technologies. The effect of each mitigation strategy can be analyzed for each sector and region, giving business and government leaders vital insights to realize their 2030 climate goals.

“We are seeing accelerated growth in corporate climate action as more and more companies make net-zero commitments,” said Nick Studer, CEO of Oliver Wyman and Vice Chair of Marsh McLennan. “However, the actual actions companies need to take in order to meet these commitments are often unclear. We wanted to demystify the process by developing a tool that will provide leaders with the actual steps they need to take in order to lower their carbon emissions.”

Specifically, the Climate Action Navigator can:

• Show global leaders exactly how far they need to go to close their emissions gap and what they need to do to accomplish it.
• Examine the direct impact of clear actions such as scaling low-carbon power generation or reducing transport emissions
• Provide actionable insight by region and industry. For example, you can see what a US energy or transportation company needs to do in order to close the gap between where emissions are currently trending and where they need to be
• Provide data to help policy makers, government officials, media, business leaders and others with insight by region and industry

About the Oliver Wyman Forum

The Oliver Wyman Forum is committed to bringing together leaders in business, public policy, social enterprises, and academia to help solve the world’s toughest problems. The Oliver Wyman Forum strives to discover and develop innovative solutions by conducting research, convening leading thinkers, analyzing options, and inspiring action on three fronts: Reframing Industry, Business in Society, and Global Economic and Political Change. Together with our growing and diverse community of experts, we think we can make a difference. For more information, visit www.oliverwymanforum.com

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.