Investments
As climate change continues to impact our colleagues, customers, shareholders and communities, MetLife is committed to supporting and financing solutions that help drive progress towards a low-carbon economy, manage risk and create sustainable investment returns and outcomes. In support of this commitment, MIM leverages its long history of sourcing investments in companies and projects that are focused on the conservation of natural resources, the production and discovery of alternative energy sources, the implementation of clean air and water projects and other environmentally conscious business practices. See Responsible Investments to learn more about MIM investments that promote environmental and social benefits.
Promoting Sustainable Real Estate through Investments
Both MetLife and MIM recognize the role buildings and responsible real estate investing can play in improving workplaces and communities, increasing financial performance and reducing risk—all while generating positive environmental impacts. MIM has incorporated environmental sustainability best practices across its real estate equity investment strategy offerings, including benchmarking 100% of properties that are managed in our clients’ real estate equity portfolios in the Environmental Protection Agency’s ENERGY STAR Portfolio Manager.
For the past several years, MIM has participated in several programs that have the ultimate goal of promoting sustainable real estate. MIM established MetZero™, through which MIM follows its Carbon Cascade™ approach that seeks to systematically lower carbon emissions in the real estate investment strategies we offer, and the properties in our clients’ investment portfolios. MetZero includes investments in energy efficiency, on-site renewables, offsite renewables, RECs when feasible and carbon offsets.
MIM is also a signatory of the Department of Energy’s Better Buildings Challenge and Better Climate Challenge, and the Urban Land Institute’s Greenprint Net Zero Framework. Through MetZero, MIM has achieved a 9% reduction in Scope 1 and 2 GHG emissions for the MetLife General Account’s Real Estate Equity Investments since 20191 and a 13% reduction in portfolio energy intensity, according to the Better Buildings Challenge.2
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1 Percent by which MIM managed real estate equity investment portfolio properties within MetLife’s General Account reduced Scope 1 and Scope 2 GHG emissions, between 2019 and 2021.
2 Metric reflects consumption reduction in energy use intensity across all participating MIM client accounts from 2016 to 2021, as reported by Better Buildings Challenge public reporting on May 1, 2023.