Maintaining Carbon Neutrality
For MetLife, carbon neutrality involves taking both immediate action on climate change and navigating a long-term transition to a low-carbon economy. We are proud to have achieved carbon neutrality across our global corporate office portfolio, vehicle fleet, and employee business travel for five consecutive years1. As a carbon neutral company, our first priority is always to integrate sustainability best practices across our global operations and drive continuous improvements in waste, water, energy, and carbon reductions.
In 2020, we saved energy due to much lower occupancy and reduced hours across our offices, as a result of the COVID-19 pandemic. In 2020, we saved 48,854 MWh in energy compared to 2019, as well as 22,625 metric tons CO2e in Scope 3 emissions as a result of minimal business travel. We also continued to conduct annual indoor air quality tests at our offices in the U.S. and are looking into upgrades such as bi-polar ionization (BPI) that will increase air filtration within our buildings, while also reducing energy consumption. BPI is a proven solution that supports a long-term, notable decrease in airborne and surface contamination of COVID-19, as well as achieving significant reductions in energy use.
For the GHG emissions that we cannot reduce in the short term through improvements like the ones described above, we purchase renewable energy and support third-party-certified carbon reduction projects in markets where we operate around the world. Each project also helps stimulate local economies, including prioritizing things like job creation, human health, and women empowerment, and aligns to the U.N. Sustainable Development Goals.
We are also proud of the environmental goals we have set for 2030, which were established after an intensive, cross-functional process, including industry benchmarking, reviewing the latest climate science, and gathering input from over 30 internal stakeholders globally. For instance, our emissions goal is intentionally in line with the Paris Agreement’s 1.5-degree Celsius recommendations, given the criticality of this decade for climate action.