MetLife joins U.S. Dept of Energy Better Buildings and Climate Challenges
MetLife Investment Management (MIM) serves institutional investors by combining a client-centric approach with extensive and long-established asset class expertise. Focused on managing Public Fixed Income, Private Investments and Real Estate assets, the company aims to deliver strong, risk-adjusted returns by building tailored portfolio solutions. MIM believes in the importance of investing sustainably and incorporating ESG factors into investment decision-making. As ESG integration efforts in this industry continue to evolve, MIM’s approach will continue to develop. MIM seeks to work closely with its clients to provide transparency to its approach and adapt it, as needed, to meet clients’ guidelines.
PORTFOLIO-WIDE LEADERSHIP COMMITMENTS
50% GHG reduction by 2030
20% reduction in Energy Intensity by 2026
Recognizing the impact of buildings on people and the environment, MIM works towards healthy, productive, efficient and prosperous real estate. As part of the required due diligence for all new real estate equity investments, MIM has implemented the use of an ESG Acquisitions Assessment. The Assessment seeks to evaluate the resilience of each asset from both a short-and long-term perspective. MIM developed and implemented the MetZero program, based on a Carbon Cascade approach, that seeks to aggressively reduce emissions in MIM-managed real estate equity properties. MIM is pursuing carbon neutrality in several of its real estate fund products.
The U.S. Department of Energy (DOE) today announced a commitment from over 90 companies and organizations to reduce their carbon emissions by 50% by 2030 through DOE’s Better Climate Challenge. This national public-private partnership calls on organizations across the country to set bold, portfolio-wide greenhouse gas reduction targets and share their innovative solutions and best practices with partners and across industries. DOE will double down on these commitments by providing technical assistance and convening peer-to-peer exchanges to facilitate solution sharing across their facilities and fleets. Inaugural partners in the Better Climate Challenge include IKEA, Hilton, Harley-Davidson, the Cleveland Clinic, and the State of Maryland. Public-private partnerships like the Better Climate Challenge are key to reaching President Biden’s goal of a net-zero emissions economy by 2050 through an equitable clean energy transition.
“Companies across America are joining arms to lead the zero-carbon transition through smart, strategic climate solutions that slash building and factory emissions and significantly cut costs,” said U.S. Secretary of Energy Jennifer M. Granholm. “With the help of DOE, the meaningful and measurable emissions reductions of the Better Climate Challenge will save American businesses billions of dollars, create good-paying jobs, and drive innovation that strengthens the entire U.S. economy.”