Achieving Our 2020 Goals
By the end of 2019, we achieved all four of our global environmental targets. We achieved carbon neutrality for the fourth year in a row. We collaborated with 103 suppliers, who disclosed their GHG emissions and emissions reduction activities publicly. And we nearly tripled our public goals to reduce energy and emissions globally by 10% by 2020, reducing energy by 33% and emissions by 27% globally.
2030 Climate Goals
We are also proud of the climate 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. Together, the 11 goals aim to reduce the environmental impact of our global operations and supply chain, while leveraging our investments, products and services to help protect our communities and drive innovative solutions. Visit our 2030 Climate Goals website to learn more.
Net Zero by 2050
For years, MetLife has applied a diverse range of strategies to reduce emissions generated by its environmental footprint. In 2022, MetLife made the commitment to achieve net zero GHG emissions for its global operations and general account investment portfolio by 2050 or sooner.2 This involves building on existing 2030 climate goals and substantially reducing emissions in line with the Paris Agreement. While the exact technologies, policies and strategies to reach net zero greenhouse gas emissions are not known at this time and many uncertainties remain, MetLife will continue to strive to be a force for good in the world.
Reducing Energy Consumption
MetLife is an office-based organization with a large real estate portfolio. Among our priorities in managing our environmental impact is developing programs that address climate change, lower energy consumption and improve the environmental performance of facilities that are owned or operated by MetLife. MetLife has reduced GHG emissions by 21% between 2020 and 2021 thanks to efficiencies achieved while shifting the majority of our workforce to work-from-home at the height of the pandemic.
MetLife’s travel policies and work arrangements maximize our connection to each other and to customers while reducing the company’s environmental impact. For example, MetLife employees can access innovative tools for collaboration at MetLife’s global offices from more than 400 video conferencing rooms. Collaboration technologies reduce the need for business travel and can significantly lower overall travel-related emissions.