Latest Net Zero initiative from WTW;
WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the launch of an Asia Pacific Climate Risk Centre (ACRC) in Singapore. The Centre reinforces WTW’s commitment to helping the region transition to a resilient, low-carbon economy.
Utilising WTW’s deep expertise on risk management and risk financing, the Centre will support corporates, financial institutions, insurers and governments in understanding, quantifying and building resilience against climate risks. It focuses on physical and transition climate risk assessment and quantification through top-down and bottom-up methods and proprietary models. The opening of the Centre highlights that Asia Pacific (APAC) is a key priority for WTW’s Climate Practice and a consolidation of decades of investment in climate risk capabilities.
Commenting on the set-up, Lawrence Wong, Deputy Prime Minister and Minister for Finance of Singapore, and Chairman of MAS said, “I welcome the launch of the WTW APAC Climate Risk Center in Singapore. This Centre will develop risk advisory, analytics and risk financing solutions to support transition efforts of firms in hard-to-abate industrial sectors key for Asia’s growth, such as real estate, transportation and natural resources.”
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