WTW Launches Asia Pacific Climate Risk Centre (ACRC) in Singapore to Providing Expertise on Risk Management & Risk Financing to Support Transition to Low Carbon Economy in Asia, ACRC with Target of 15 Climate Specialists to Support Corporates, Financial Institutions, Insurers & Governments
9th November 2023 | Hong Kong
WTW (formerly known as Willis Towers Watson) has launched a Asia Pacific Climate Risk Centre (ACRC) in Singapore to provide expertise on risk management & risk financing to support transition to low carbon economy in Asia, with the ACRC to hire 15 climate specialists to support corporates, financial institutions, insurers & governments. WTW: “WTW, 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 APAC is a key priority for WTW’s Climate Practice and a consolidation of decades of investment in climate risk capabilities. Over the 3 three years, the Centre will be staffed with a dedicated team of 15 climate specialists to support clients in the Asia Pacific region.” More info below:
“ WTW Launches Asia Pacific Climate Risk Centre (ACRC) in Singapore to Providing Expertise on Risk Management & Risk Financing to Support Transition to Low Carbon Economy in Asia, ACRC with Target of 15 Climate Specialists to Support Corporates, Financial Institutions, Insurers & Governments “
Lawrence Wong, Deputy Prime Minister & Minister for Finance of Singapore, Chairman of the MAS:“ 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.”
Carl Hess, CEO at WTW: “The establishment of WTW’s ACRC moves us towards the next phase of growth in the region as we build on our extensive experience in climate risk mitigation and management. Singapore is an important hub in the region’s drive towards a low-carbon economy, with its policy ambitions in green finance and green insurance. This, coupled with its well-established insurance market infrastructure, makes the country a natural choice for the new Centre.”
Simon Weaver, Head of Asia Pacific & Head of Corporate Risk & Broking, Asia Pacific: “APAC is on the frontline of climate change: natural catastrophes are already intense and frequent, whilst economic growth and population development mean the region will account for more than 70% of the expected growth in global energy demand over the coming years. Climate risk quantification and management, delivered through WTW’s ACRC, is another step forward in delivering on our commitment to offer clients a smarter way to quantify, mitigate and transfer risk.”
Christopher Au, Director, leading the ACRC at WTW: “Risk is integral to everything we do at WTW. We model, price and allocate capital against climate risks in the capital and risk markets. Our analytics are market-tested and end-to-end, providing companies with confidence in our approach.”
WTW Launches Asia Pacific Climate Risk Centre (ACRC) in Singapore to Providing Expertise on Risk Management & Risk Financing to Support Transition to Low Carbon Economy in Asia
WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
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