Marsh clients can pay fees in carbon offset credits

Marsh LLC said Thursday its U.S. clients can now pay their fees for brokerage and risk advisory services in voluntary carbon offset credits and renewable energy certificates.

Under the payment program, clients can transfer the credits and certificates to Bank of America, which transfers the proceeds to Marsh.

Pat Donnelly, president, U.S. and Canada, at Marsh, said in a statement that the program provides an incentive for clients to invest in carbon removal and avoidance projects.

“The insurance industry has a central role to play in enabling firms to achieve the climate goals set at COP26,” Mr. Donnelly said.