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CSRWire - MetLife Releases 2020 Sustainability Report With New Environmental Goals, Investments Commitments and Focus on Advancing Racial and Gender Equity
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NEW YORK (BUSINESS WIRE) Apr 13, 2021
MetLife, Inc. (NYSE: MET) today announced that it has received the 2021 ENERGY STAR ® Partner of the Year Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.
The Sustained Excellence award is the highest honor bestowed by the ENERGY STAR program. It is awarded to ENERGY STAR partners that have made a long-term commitment to fighting climate change and protecting public health through energy efficiency and have demonstrated leadership year over year. This is the third consecutive year that MetLife has been named an ENERGY STAR Partner of the Year, leading to the companyâs Sustained Excellence designation.
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MetLife Investment Management, the institutional asset management business of MetLife, facilitated a $130 million investment, including $74 million on behalf of unaffiliated clients, in the senior secured private placement financing of Brookfield Renewable Partners’ Sidney A. Murray, Jr. Hydroelectric facility in Louisiana.
The Sidney A. Murray, Jr. Hydroelectric facility is a 192 megawatt run-of-river station located adjacent to the Mississippi River in Concordia Parish, Louisiana. It was developed in 1990 through the Catalyst Old River Hydroelectric Partnership, a partnership program with the Town of Vidalia, a local municipality.
According to MetLife Investment Management, the facility is one of the leading sustainable assets in Louisiana, providing renewable electricity generation through hydropower in a region of relatively high carbon intensity. It is also part of the Old River Control Complex, a collection of four structures operated to better manage fl