Metlife Named 2019 ENERGY STAR Partner of the Year

MetLife, Inc. (NYSE: MET) received the U.S. Environmental Protection Agency’s (EPA’s) 2019 ENERGY STAR Partner of the Year Award for its commitment to energy efficiency, including ENERGY STAR certifications for over 22.3 million square feet of real estate across MetLife’s corporate office network and the portfolio managed by MetLife’s institutional asset management platform, MetLife Investment Management (MIM). Buildings with an ENERGY STAR certification use 35 percent less energy than a typical building on average, resulting in energy savings and greenhouse gas reductions.

“MetLife’s environmental goals, responsible investments and internal employee engagement programs are all ways we continue to enhance the value our business creates,” said MetLife’s Chief Sustainability Officer Tim Ring. “Our Real Estate & Corporate Services and MetLife Investment Management teams continually raise the bar on environmental best practices – a true reflection of our dedication to operational excellence and running the company sustainably.”

“Over the past few years, MetLife has achieved significant energy reductions by implementing best in class sustainability practices, reducing utility consumption, investing in renewable energy, and pursuing operational efficiencies across our global organization,” said Mona Moazzaz, senior vice president, Global Technology and Operations. “We are proud to be recognized by the U.S. EPA for our leadership and will continue to take innovative action to promote a healthy planet for generations to come.”

According to the ENERGY STAR website, “Earning an ENERGY STAR Partner of the Year Award distinguishes corporate energy management programs. It is the highest level of EPA recognition.” The award will be presented to MetLife on April 11, 2019, at a ceremony in Washington, D.C. During the ceremony, the EPA and the Department of Energy will recognize MetLife’s accomplishments, including:

• Benchmarking 17 MetLife corporate facilities and more than 170 properties managed by MIM in ENERGY STAR Portfolio Manager, totaling more than 53 million square feet across a variety of ENERGY STAR categories including: office, hotel, multifamily, industrial, data center and retail properties. MIM has benchmarked managed investment assets in ENERGY STAR Portfolio Manager since 2014, while MetLife has benchmarked its corporate offices since 2006.
• Achieving carbon neutrality across MetLife’s global corporate office portfolio, Auto & Home vehicle fleet, and employee business travel for three consecutive years.
• Engaging more than 10,000 employees in MetLife’s Our Green Impact program and disseminating ENERGY STAR tools, resources and training to property managers and occupants.
• Reducing energy consumption by more than 30 percent across MetLife’s corporate real estate portfolio since 2007 and seven percent across MIM’s managed investment assets since 2013.

Robert Merck, senior managing director and global head of real estate and agriculture for MetLife Investment Management, said: “Environmental sustainability has long been an important consideration in the properties we develop, acquire and hold within our real estate portfolio. We will continue to leverage new technologies, materials, design principles and construction methods as we seek to enhance each property’s sustainability credentials over time.”