• Saturday, Oct 31, 2020
  • Last Update : 12:15 am

MetLife announces global environmental goals

  • Published at 03:58 pm October 18th, 2020
MetLife announces global environmental goals
MetLife logo Courtesy

They also plan to spend $20 billion in new MetLife Investment Management (MIM)–managed green investments

MetLife has committed to reduce its location-based greenhouse gas (GHG) emissions by 30% from 2019 levels, over the next 10 years.

They also plan to spend $20 billion in new MetLife Investment Management (MIM)–managed green investments, and allocate $5 million to develop products and partnerships that drive climate solutions, according to a press release.

These are just three of the company’s 11 global 2030 Environmental Goals, which it announced recently.

MetLife also committed to plant five million trees (prioritizing areas vulnerable to natural disasters) and to maintain carbon neutrality annually across its global offices, fleet, and business travel, and MetLife Foundation committed to grant $10 million for environmental causes.

In addition, MetLife pledged to mobilize 100 of its suppliers to set their own GHG emissions reduction target by 2025.

“These global environmental commitments reflect our purpose as a company,” said Syed Hammadul Karim, general manager, MetLife Bangladesh.

“We are here to help our customers build a more confident future, and part of that has to be about using natural resources in a sustainable way and helping to address climet change,” he added.

The 11 new goals aim to reduce the environmental impact of MetLife’s global operations and supply chain, while leveraging its investments, products, and services to help protect communities and drive innovative solutions.

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