MetLife is First U.S. Insurer to Achieve Carbon Neutrality
February 22 2017 - 12:10PM
Business Wire
MetLife, Inc. (NYSE: MET) today announced that it has achieved
its 2015 goal of carbon neutrality, becoming the first U.S.-based
insurer to do so.
MetLife achieved carbon neutrality by integrating sustainability
and energy efficiency best practices across the company’s global
operations, and then offsetting the remainder of emissions through
investments in carbon mitigation projects around the world.
“MetLife is committed to being a responsible corporate citizen
and driving sound environmental stewardship across our business
globally,” said Marty Lippert, executive vice president and head of
MetLife Global Technology and Operations. “Sustainable business
strategies not only reduce our environmental impact but also
underscore who we are as a company.”
Examples of MetLife’s efforts to embed sustainability throughout
its operations include:
- Leadership in Energy and Environmental
Design (LEED) Platinum certification for MetLife’s Washington D.C.
office and Global Technology Campus in Cary, N.C. MetLife now has
19 LEED certified offices globally (the equivalent of almost four
million square feet of real estate), and six of these offices have
earned the Platinum designation.
- Energy reductions of nearly 30 percent
across U.S. owned and operated offices.
- Engagement with its top suppliers to
reduce environmental impact through the organization’s supply
chain.
- Green investments of $9.7 billion which
include ownership stakes in 37 wind and solar farms, equity stakes
in 48 LEED-certified properties and $3 billion in renewable energy
projects.
These efforts are central elements of the company’s global
environmental goals established in 2015, which include:
1. Become carbon neutral in 2016 and going forward.
2. By 2020, reduce all energy consumption by 10 percent from a
2012 baseline.
3. By 2020, reduce location-based greenhouse gas (GHG) emissions
by 10 percent from a 2012 baseline.
4. By 2020, require 100 of MetLife’s top suppliers to publicly
disclose their GHG emissions and emission-reduction activities.
MetLife’s commitment to the environment extends outside its own
footprint. To help offset the remainder of its carbon emissions,
the company is supporting six, third-party certified carbon
mitigation projects that support sustainable development. Examples
include:
- Initiatives to install solar powered
cookstoves in China helping families switch from coal-fired cooking
to 100% renewable energy.
- A Reduced Emissions from Deforestation
and Degradation (REDD+) project that protects tropical rainforest
in Colombia. This effort helps conserve the rainforest and reduces
clear-cutting and other unsustainable agricultural practices.
- In the U.S., MetLife supports a project
to capture emissions from New York State’s largest non-hazardous
waste facility and transform the gasses into clean energy.
MetLife’s progress against its environmental goals is a
reflection of the company’s long-standing commitment to reducing
its environmental impact. Recent recognition of MetLife’s
accomplishments on this front include:
- Recognized by CDP (formerly the Carbon
Disclosure Project) for leadership in reporting and management of
climate change issues. CDP is a not-for-profit that assesses the
work of more than 5,000 companies on environmental
performance.
- Named to the 2016 North American Dow
Jones Sustainability Index, a corporate sustainability index to
track the leading sustainability-driven companies.
- Received the 2016 Climate Leadership
Award from the U.S. Environmental Protection Agency for the
company’s bold new greenhouse gas emissions reduction goals.
For more information on MetLife’s commitment to the environment
and other corporate responsibility activities, visit
www.metlifeglobalimpact.com.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the largest life insurance
companies in the world. Founded in 1868, MetLife is a global
provider of life insurance, annuities, employee benefits and asset
management. Serving approximately 100 million customers, MetLife
has operations in nearly 50 countries and holds leading market
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information, visit
www.metlife.com.
Forward-Looking Statements
This news release may contain or incorporate by reference
information that includes or is based upon forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements give expectations or
forecasts of future events. These statements can be identified by
the fact that they do not relate strictly to historical or current
facts. They use words such as “anticipate,” “estimate,” “expect,”
“project,” “intend,” “plan,” “believe,” “goals,” and other words
and terms of similar meaning, or are tied to future periods, in
connection with a discussion of future operating or financial
performance. In particular, these include statements relating to
future actions, prospective services or products, future
performance or results of current and anticipated services or
products, sales efforts, expenses, the outcome of contingencies
such as legal proceedings, trends in operations and financial
results.
Any or all forward-looking statements may turn out to be wrong.
They can be affected by inaccurate assumptions or by known or
unknown risks and uncertainties. Many such factors will be
important in determining the actual future results of MetLife,
Inc., its subsidiaries and affiliates. These statements are based
on current expectations and the current economic environment. They
involve a number of risks and uncertainties that are difficult to
predict. These statements are not guarantees of future performance.
Actual results could differ materially from those expressed or
implied in the forward-looking statements. Risks, uncertainties,
and other factors that might cause such differences include the
risks, uncertainties and other factors identified in MetLife,
Inc.'s most recent Annual Report on Form 10-K (the “Annual Report”)
filed with the U.S. Securities and Exchange Commission (the “SEC”),
Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the SEC
after the date of the Annual Report under the captions “Note
Regarding Forward-Looking Statements” and “Risk Factors,” and other
filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not
undertake any obligation to publicly correct or update any
forward-looking statement if MetLife, Inc. later becomes aware that
such statement is not likely to be achieved. Please consult any
further disclosures MetLife, Inc. makes on related subjects in
reports to the SEC.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170222006225/en/
MetLife, Inc.Jon Richter, 212-578-5370jrichter@metlife.com
MetLife (NYSE:MET)
Historical Stock Chart
From Aug 2024 to Sep 2024
MetLife (NYSE:MET)
Historical Stock Chart
From Sep 2023 to Sep 2024