MetLife is First U.S. Insurer to Adopt Carbon Neutrality
MetLife, Inc. (NYSE:MET) said today that it will achieve carbon
neutrality by the end of 2016, becoming the first U.S.-based
insurer to do so.
Significantly, MetLife will achieve its goal through real reductions in
energy use and greenhouse gas (GHG) emissions, not simply through the
purchase of carbon offsets. In addition, MetLife will require its top
suppliers to publicly disclose their GHG emissions and mitigation
efforts for the first time.
“MetLife has a long history of promoting a healthy environment for our
customers, their families and the communities that we serve, and these
new environmental goals are an expansion of our commitment,” said Marty
Lippert, MetLife executive vice president and head of Global Technology
MetLife’s new commitments are:
Become carbon neutral in 2016 and going forward. This goal
applies to GHG emissions from all of MetLife’s owned and leased
properties across the world, as well as its fleet of automobiles in
the Auto & Home business line (Scope 1 and 2)*. The goal also applies
to the company’s employee business travel (Scope 3)†.
MetLife will achieve carbon neutrality through continued
implementation of energy efficiency measures across its portfolio,
increased use of collaboration tools to reduce employee business
travel and investment in carbon offsets for the remainder of its GHG
By 2020, reduce all energy consumption by 10 percent from a 2012
baseline. This applies to the company’s global office
portfolio, including company-owned and leased facilities. These
reductions will be achieved through a combination of capital
improvement projects and facility upgrades across offices around the
world, such as lighting retrofits, chiller and boiler replacements,
efficient HVAC systems, demand metering, occupancy-sensor
installations and other projects.
By 2020, reduce location-based greenhouse gas emissions (metric
tons of CO2 equivalent) by 10 percent from a
2012 baseline. This 10 percent reduction applies to MetLife’s
global owned and leased offices, the Auto & Home business automobile
fleet, and business travel. These reductions will be achieved through
various emissions reduction strategies, including energy efficiency
capital projects, the integration of sustainability best practices
into new MetLife workspaces, and the increased use of collaboration
tools to offset employee travel. These reductions will not be achieved
through the purchase of green energy or carbon offsets.
By 2020, require 100 of MetLife’s top suppliers to publicly
disclose their GHG emissions and emission-reduction activities. As
a financial services company, MetLife’s supply chain represents a
significant portion of its environmental impact, so it is important to
engage key suppliers and encourage reduction of their own GHG
“We commend MetLife for their commitment to environmental stewardship,”
said Lance Pierce, president, CDP North America, an international
not-for-profit organization that collects data for companies and cities
to measure, disclose, manage and share vital environmental information.
“We look forward to seeing them exercise leadership on climate change
issues and to charting their progress in future CDP disclosures.”
“We are proud to announce environmental goals that address our global
operations across nearly 50 countries,” said Joe Sprouls, MetLife
executive vice president and head of Global Corporate Services. “As a
company with a large global real estate portfolio, MetLife works hard to
reduce energy consumption and optimize our buildings’ environmental
MetLife’s new commitments build on previously implemented efforts to
reduce its environmental impact. Examples include:
Green Facilities: Since 2005, MetLife has reduced energy consumption
across our U.S.-owned offices by 25 percent as a result of facility
upgrades and capital improvement projects. In addition, 100 percent of
MetLife’s owned and managed offices in the U.S. are certified under
the Energy Star commercial buildings program and more than 50 percent
are LEED®-certified. MetLife has a total of 17
LEED-certified buildings globally.
Green Investments: MetLife now holds equity stakes in 46
LEED-certified properties as part of its strategy to make significant
investments in sustainability and green building practices. Since
2003, MetLife has invested $2.9 billion in renewable energy projects
and now has ownership stakes in more than 25 wind and solar farms that
produce enough clean energy to power 1 million homes.
Responsible Sourcing: MetLife practices environmentally responsible
sourcing by purchasing green products and incorporating sustainability
criteria in vendor sourcing and management processes. MetLife is a
member of the Carbon Disclosure Project (CDP) Supply Chain Program and
uses this program to encourage suppliers to take climate action.
Employee Engagement: The company actively engages associates through
“Our Green Impact,” a program that encourages employees to participate
in MetLife’s sustainability programs and to reduce their environmental
impact at work, home and in communities around the world.
MetLife is also on target to achieve or exceed prior U.S.-based
environmental goals set by the company for its U.S. owned and managed
For more information on MetLife’s commitment to the environment and
other corporate responsibility activities, visit www.metlifeglobalimpact.com.
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
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” 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
The purpose of this news release is to describe the environmental goals
that MetLife intends to achieve and how the company intends to achieve
MetLife is the first U.S.-based insurer to adopt carbon neutrality based
on an analysis of the Carbon Disclosure Project’s (CDP) database of
responses from thousands of organizations worldwide. CDP’s database can
be found at: www.cdp.net.
* Scope 1 emissions are all direct GHG emissions, such as on-site energy
use at owned and leased offices. Scope 2 emissions are indirect GHG
emissions from consumption of purchased electricity, heat or steam.
† Scope 3 emissions are other indirect emissions, such as
emissions resulting from business travel.
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