Climate change — often referred to as "global warming" — is one of the most significant emerging risks facing the world today, presenting huge challenges to the environment and to the world economy. It is also one of the most difficult risks to mitigate. We invite you to download the latest issue of Marsh's Risk Alert-"Climate Change: Business Risks and Solutions" - that looks at the complex global issue from a risk management perspective.

Business risks from climate change discussed in the report include:

• the strong threat of increasingly volatile weather conditions;
• resulting impacts on insurance markets, business resources, personnel, and corporate preparedness; and
• increasing legal and regulatory pressures and mounting public and shareholder activism.

While the time horizon for the impacts of climate change is unclear, organizations should be asking themselves a number of questions related to their climate-risk mitigation strategies:

• How prepared is my organization for climate change and the potential weather and health impacts on our operations?
• How prepared is my organization to handle a changing regulatory environment?
• Do my organization's policies adequately address such areas as loss of production, inability to supply customers, employee assistance, and communications?
• Has the organization's insurance coverage been reviewed recently for the potential impacts of climate change?

Marsh and other MMC companies are committed to helping organizations manage climate risks. The following resources and those listed to the right aim to further your understanding of this important emerging global risk.

New Reality of Risk® Climate Change Panel Discussion

Mercer Investment Consulting Reports on Shareholder Concerns

For more information, please contact us at .