MetLife Inc. is a leading global provider of insurance, annuities, and employee benefit programs. Headquartered in New York City, the company operates in more than 40 countries and serves over 90 million customers worldwide. With a focus on sustainability and decarbonisation, MetLife has made significant strides in reducing its carbon footprint and promoting renewable energy.

As a major player in the life insurance sector, MetLife recognises the importance of addressing climate change and reducing greenhouse gas emissions. The company has set ambitious targets to reduce its carbon emissions by 30% by 2030 and achieve carbon neutrality by 2050. To achieve these goals, MetLife has implemented a range of initiatives to reduce its energy consumption and transition to renewable energy sources.

One of the key strategies that MetLife has adopted to reduce its carbon footprint is the use of corporate power purchase agreements (PPAs). These agreements allow companies to purchase renewable energy directly from a wind or solar farm, rather than relying on traditional energy sources. By entering into PPAs, MetLife is able to reduce its reliance on fossil fuels and support the growth of the renewable energy sector.

In 2019, MetLife signed its first corporate PPA, which will provide the company with 100 megawatts of wind energy from the Thunder Ranch Wind Farm in Oklahoma. This agreement is expected to reduce MetLife's carbon emissions by approximately 300,000 metric tons per year, which is equivalent to taking 65,000 cars off the road. The company has also signed a second PPA for 68 megawatts of solar energy from the TIAA Henderson Real Estate Solar Project in North Carolina.

In addition to PPAs, MetLife has implemented a range of other initiatives to reduce its energy consumption and promote renewable energy. The company has invested in energy-efficient technologies and practices, such as LED lighting, building automation systems, and energy-efficient HVAC systems. MetLife has also installed solar panels on the roofs of several of its buildings, generating clean energy on-site.

MetLife is committed to decarbonisation and has set a target to reduce its Scope 1 and 2 emissions by 30% by 2030. The company is also working to reduce its Scope 3 emissions, which are indirect emissions that occur throughout its value chain. To achieve these targets, MetLife has implemented a range of measures to reduce its energy consumption, increase energy efficiency, and transition to renewable energy sources.

One of the key ways that MetLife is reducing its Scope 3 emissions is by working with its suppliers to promote sustainability and reduce their carbon footprint. The company has developed a supplier code of conduct that includes environmental standards and encourages suppliers to adopt sustainable practices. MetLife also works with its suppliers to identify opportunities to reduce emissions and improve sustainability throughout the supply chain.

MetLife is also committed to promoting sustainability and decarbonisation in the communities where it operates. The company has invested in renewable energy projects and supports initiatives that promote energy efficiency and sustainability. MetLife has also partnered with organisations such as the Carbon Disclosure Project and the United Nations Global Compact to promote sustainability and reduce greenhouse gas emissions.

In conclusion, MetLife Inc. is a leading global provider of insurance, annuities, and employee benefit programs that is committed to sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon footprint and transition to renewable energy sources, and has implemented a range of initiatives to achieve these goals. By using corporate PPAs, promoting energy efficiency, and working with its suppliers and communities to promote sustainability, MetLife is leading the way in the transition to a low-carbon economy.