Our Commitment to Pay Equity Pay equity is fundamental to our ability to attract, retain and motivate the highly qualified and diverse colleagues who are critical to our success. “At Marsh McLennan, we Marsh McLennan managers around the world are accountable for ensuring pay equity and we believe that the strength of our provide specific guidance for compensation decisions based on objective factors, including: compensation and bene昀椀ts • Skills • Performance programs play a pivotal role in • Level, aligned to our global • Location the attraction and retention job architecture of our talented colleagues. • Experience We continually strive to provide our colleagues with the resources, We conduct an annual study to identify new discrepancies in pay based on gender globally protection and peace of mind to and race/ethnicity in the US. A statistical analysis examines the current base salaries and total help them live their best lives.” compensation of colleagues in comparable roles to determine whether there are differences in pay that cannot be explained by the objective factors listed above. We consult with Mercer as a leader in this space. Susan Murphy, When unexplained discrepancies in pay are identified in our analysis, adjustments are made. Head of Global Bene昀椀ts Our most recent annual study covered our global workforce as of June 1, 2022. The results, as modified for the adjustments described above, continue to show a difference of less than 1% between women and men on a global basis and between non-White colleagues and White colleagues in the US on both pay and total compensation. Overview Environment Social Governance Appendix 2022 ESG REPORT 42