Commercial, Energy Efficiency, GHG Emissions - June 25, 2024
MetLife Curtails Emissions by 44%
MetLife, Inc. lowered emissions by 44% compared to a 2019 baseline through measures such as increasing energy efficiency and reducing consumption at offices, greening vehicle fleets and reducing business travel.
The financial services company installed a new building management system at 13 of its largest offices in the U.S. to promote energy optimization, resulting in 1,917 metric tons of carbon savings.
MetLife also lowered financed emissions by 11% between 2019 and 2022 by advancing MetZero™ across its real estate equity portfolio.
As detailed in its 2023 Sustainability Report, approximately 50% of MetLife's suppliers by spend have set goals aligned with climate science. The company also encouraged suppliers to set emissions reduction targets via the CDP Supply Chain Program.
MetLife aligned its sustainability strategy with a subset of the United Nations Sustainable Development Goals that are most relevant to its business and established a set of Sustainability Commitments.
“Our purpose inspires our people and drives long-term value for all our stakeholders,” said MetLife President and CEO Michel Khalaf in a statement. “We have been a responsible business and a source of stability for more than 156 years, and the actions we take today reflect our ability to consistently deliver for all our stakeholders for years to come."
The company also announced securing over $58.5 billion in responsible investments in MetLife’s General Account as of year-end 2023, focused on the core areas of infrastructure, green, municipal bonds, affordable housing and impact investments.
Read These Related Articles:
Stay Up-To-Date
