MetLife to reduce 30% carbon emission by 2030
These three goals are among the company’s 11 global targets for 2030, which it announced recently to address environmental challenges
MetLife, an insurance company, has committed to reducing its location-based greenhouse gas emissions by 30% from 2019 levels.
The company will also create $20 billion in green investments and allocate $5 million to develop products and partnerships that drive climate solutions.
These three goals are among the company's 11 global targets set for 2030, which it announced recently to address environmental challenges, said a media statement issued on Wednesday.
MetLife also vowed to plant 5 million trees by prioritising areas vulnerable to natural disasters and to maintain carbon neutrality across its global offices, fleet, and business travels.
Besides, MetLife Foundation pledged another $10 million funding for environmental protections.
The insurance company also vowed to mobilise 100 of its suppliers to set their own greenhouse gas emissions reduction target by 2025, the media statement read.
"These global environmental commitments reflect our purpose as a company," said Syed Hammadul Karim, general manager of MetLife Bangladesh.
"We are here to help our customers build a safer future that is why we are focusing on using natural resources in a sustainable way to address climate change issues," 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, the press statement claimed.