Driving Climate Solutions

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As climate change continues to impact our employees, customers, shareholders and communities, MetLife has committed to financing and developing climate solutions over the next decade. MIM has a 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. 

MIM’s real estate equity investments support our green investment1 goals by implementing efficiency programs and encouraging environmental best practices, including working to register and benchmark utility usage to the U.S. Environmental Protection Agency’s (EPA) Energy Star Portfolio Manager across 100% of our owned and investment properties. 

In line with its commitment to the U.S. Department of Energy’s Better Building Challenge,2 MIM’s real estate equity investments are targeting: 

  • 50% reduction in Scope 1 and 2 emissions from a 2020 base year by 2030;
  • 20% reduction in Portfolio Energy Intensity from a 2016 baseline by 2026.3

 

By engaging tenants in energy, water and waste management initiatives to drive reductions, perform energy assessments and implement cost-effective strategies to improve energy and water efficiency, MIM reduced energy consumption by 7.6% in 2021 across its real estate equity portfolio.

On average, these investment properties have saved 16.3% and 451 million kBtu since their baseline year.4 Read more about MIM Real Estate Equity team’s ESG Challenge

Driving Climate Solutions 2030 Goals

  • Commit $5 million to develop products and partnerships that drive climate solutions
  • Originate $20 billion of new MIM-managed green investments
  • Originate $500 million of new MetLife impact investments, with 25% allocated to climate change priorities
  • Power all MIM-managed and controlled real estate investments with 100% renewable electricity

For more information on progress toward these goals, please see For Our Customers and Creating Value as an Investor chapters.

More from this chapter

Learn more about our approach for our environment in the links below:

For Our Communities
We strive to be a force for good in the communities where we operate.
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1 FOR A DEFINITION AND ADDITIONAL INFORMATION REGARDING METLIFE’S IMPACT INVESTMENTS AND GREEN INVESTMENTS, PLEASE SEE HERE.

2 U.S. DEPARTMENT OF ENERGY-LED INITIATIVE TO ENCOURAGE INSTITUTIONS TO IMPROVE BUILDING ENERGY EFFICIENCY BY AT LEAST 20% OVER 10 YEARS AND SHARE THEIR STRATEGIES AND RESULTS

3 BASED ON A COMMITMENT OF 45 MILLION SQUARE FEET.

4 PER BETTER BUILDINGS CHALLENGE GUIDANCE, AVERAGE SAVINGS ARE REPORTED SINCE BASELINE YEARS ARE DIFFERENT FOR EACH PROPERTY DUE TO DYNAMIC NATURE OF PORTFOLIO.