Our Environmental Policy reinforces our pledge to pursue sustainable business solutions and provides a global framework and controls for more responsible operations. Our 1.5 degree pathway targets are in the process of being validated by the Science Based Targets Initiative (SBTI) and we expect to report our progress through our annual report to the Carbon Disclosure Project (CDP). In 2021, Aon committed to achieving net-zero emissions by 2030, joining the global effort to manage the effects of climate change through bold and ambitious actions. Our Carbon Reduction Commitment and Actions Our ESG strategy is focused on three major areas of environmental impact - our own decarbonization efforts and investments in sustainability, our work to accelerate clients’ climate resiliency and response and convening leaders and organizations to collaborate and scale our ambitions. We know that the stakes are high, that the immense magnitude of the challenge requires every organization to play a part, and that better decisions today are essential for our shared future. Yet, even as these events rise in frequency and severity and the costs mount, many companies are still seeking to understand their risk exposures and how to embed environmental, social and governance risk into their decision making. The protection gap for those losses is 58 percent. Our research and analysis found that in 2022, economic losses from natural disasters were estimated at $313 billion. Climate risk and response has rapidly moved up the agendas for leaders everywhere as extreme weather events and new research findings highlight the risks to lives and livelihoods.
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