MetLife Earns 2021 ENERGY STAR® ‘Sustained Excellence’ Award
14 April 2021 - 12:00AM
Business Wire
MetLife, Inc. (NYSE: MET) today announced that it has received
the 2021 ENERGY STAR® Partner of the Year Sustained Excellence
Award from the U.S. Environmental Protection Agency (EPA) and the
U.S. Department of Energy.
The Sustained Excellence award is the highest honor bestowed by
the ENERGY STAR program. It is awarded to ENERGY STAR partners that
have made a long-term commitment to fighting climate change and
protecting public health through energy efficiency and have
demonstrated leadership year over year. This is the third
consecutive year that MetLife has been named an ENERGY STAR Partner
of the Year, leading to the company’s Sustained Excellence
designation.
“At MetLife, environmental stewardship reflects our purpose as a
company,” said MetLife Chief Sustainability Officer Jon Richter.
“As part of our commitment to building a more confident future, we
strive to operate sustainably and support our stakeholders in their
efforts to make environmentally sound choices as well. We are proud
of this recognition and look forward to continuing our
collaboration with the ENERGY STAR program.”
In 2020, MetLife announced 11 new 2030 Environmental Goals aimed
at reducing the environmental impact of the company’s global
operations and supply chain, while leveraging its investments,
products, and services to help protect communities and drive
innovative solutions. By continuing to utilize ENERGY STAR
resources, MetLife will make progress on its goals, which include
reducing location-based greenhouse gas emissions by 30%.
MetLife has achieved ENERGY STAR certifications for 24.5 million
square feet of real estate, contributing to reduced energy use and
emissions across its portfolio. Of this, 3.5 million square feet is
attributed to the corporate office network and 21 million square
feet is attributed to portfolios managed by MetLife Investment
Management (MIM), MetLife’s institutional asset management
platform.
“While the pandemic has created a profound change in the way
people work and live, our priorities around building an even more
sustainable real estate business have remained the same,” said
Robert Merck, global head of Real Estate and Agriculture for
MetLife Investment Management. “We have continued to leverage
ENERGY STAR’s data and benchmarking platform to devise a specific
plan for each property type, which has resulted in meaningful
energy reductions.”
These tailored plans include the deployment of MetLife’s
MetZero™ program across the company’s MIM-managed real estate
portfolio, which is designed to achieve carbon neutrality across
the company’s real estate investment portfolios. Using a Carbon
Cascade™ approach, MetZero reduces carbon through various programs
including energy efficiency, on-site and off-site renewables, and
the purchase of renewable energy credits (RECs) and offsets.
Since 2016, MetLife has achieved carbon neutrality annually for
its global offices, fleet, and business travel.
Recognition from ENERGY STAR builds on a number of MetLife’s
sustainability milestones, including:
- MetLife was the first U.S.-based life insurer to join the U.N.
Global Compact, the world’s largest voluntary corporate
sustainability initiative.
- MetLife has earned a spot on the Dow Jones Sustainability North
America Index for five years in a row.
- MetLife established a Sustainable Financing Framework (SFF),
further aligning its business and investment activities to support
a more sustainable future. The SFF led to MetLife issuing the U.S.
insurance industry’s first “green” funding agreement-backed note, a
$750 million issuance.
For more information about ENERGY STAR, visit
EnergyStar.gov/about. To learn more about MetLife’s commitment to
sustainability, visit MetLife.com/Sustainability.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 markets globally and
holds leading positions in the United States, Japan, Latin America,
Asia, Europe and the Middle East. For more information, visit
www.metlife.com.
About MetLife Investment
Management
MetLife Investment Management, the institutional asset
management business of MetLife, Inc. (NYSE: MET), is a global
public fixed income, private capital and real estate investment
manager providing tailored investment solutions to institutional
investors worldwide. MetLife Investment Management provides public
and private pension plans, insurance companies, endowments, funds
and other institutional clients with a range of bespoke investment
and financing solutions that seek to meet a range of long-term
investment objectives and risk-adjusted returns over time. MetLife
Investment Management has over 150 years of investment experience
and as of December 31, 2020, had $659.6 billion in total assets
under management.1
Forward-Looking Statements
The forward-looking statements in this news release, such as
“will,” “committed,” “creating,” “supporting,” and “opportunity,”
are based on assumptions and expectations that involve risks and
uncertainties, including the “Risk Factors” MetLife, Inc. describes
in its U.S. Securities and Exchange Commission filings. MetLife’s
future results could differ, and it has no obligation to correct or
update any of these statements.
1 Total assets under management is comprised of all MetLife
general account and separate account assets and unaffiliated/third
party assets, at estimated fair value, managed by MIM.
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version on businesswire.com: https://www.businesswire.com/news/home/20210413005691/en/
Rachel Pokay 331-452-4122 rpokay@metlife.com
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