The collaboration will leverage Clyde & Co’s climate legal and risk expertise as well as WTW’s climate analytics and consulting offering

Broker Willis Towers Watson (WTW) has announced a new collaboration with law firm Clyde & Co to help clients manage climate liability risks.

The partnership will see WTW offer Clyde & Co’s climate legal and risk expertise as part of its climate analytics and consulting offering to clients, a statement released yesterday (29 June 2023) said.

WTW said this would support them in managing the impact of physical climate risks and their transition to net-zero.

Nadine Coudel, climate liability lead of the climate and resilience hub at WTW, said: “The collaboration will further broaden our relationship with Clyde & Co, developed over a number of years”.

Risks covered

The partnership will also offer WTW’s clients strategic and legal advice on climate liability risk exposures.

This includes current climate liability risks, planning for regulatory responses and reviewing current climate contracts for “high risk contract hotspots”.

“We will be able to give our clients unprecedented access to regulatory and risk advice in the course of their ESG (environment, social and governance) journeys,” Coudel added.

Clyde & Co partner Nigel Brook added: “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.”