Towers Watson

Towers Watson, a UK-based company in the Insurance Agencies and Brokerages industry, reported its most recent carbon emissions for 2025 as approximately 221.3 million kg CO2e. This total comprises Scope 1 emissions of around 8.4 million kg CO2e, Scope 2 emissions (market-based) of approximately 15.9 million kg CO2e, and Scope 3 emissions totalling about 197.0 million kg CO2e. Key categories within Scope 3 include purchased goods and services (approximately 73.2 million kg CO2e), business travel (around 49.9 million kg CO2e), and employee commute (approximately 35.9 million kg CO2e).

Looking back, the company's total emissions were about 349.2 million kg CO2e in 2024 and approximately 399.4 million kg CO2e in 2023. In 2019, total emissions were around 490.7 million kg CO2e, with Scope 1 at approximately 14.3 million kg CO2e, Scope 2 (market-based) at about 39.4 million kg CO2e, and Scope 3 at roughly 437.0 million kg CO2e.

Towers Watson has committed to an ambitious climate strategy. They have set Science Based Targets initiative (SBTi) validated targets to reach net-zero greenhouse gas emissions across their entire value chain by no later than 2050. This includes near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a 2019 base year. Additionally, they aim to reduce Scope 3 GHG emissions from business travel by 55% per full-time employee within the same timeframe, and ensure 67% of their suppliers by spend, covering purchased goods and services, will have science-based targets by 2028. For the long term, Towers Watson commits to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2019 base year, and absolute Scope 3 GHG emissions from relevant categories (purchased goods and services, capital goods, fuel- and energy-related activities, waste generated in operations, business travel, and employee commuting) by 90% within the same timeframe. These targets are consistent with reductions required to keep global warming to 1.5°C and align with the SBTi Net Zero Standard, the United Nations Business Ambition for 1.5°C campaign, and the United Nations Race to Zero campaign.