Global climate body verifies Metlifecare as first village operator to achieve international sustainability targets

NZ-based Metlifecare has notched up a major sustainability win, becoming Australasia’s first retirement village and aged care operator to have its emissions targets verified by the Science Based Targets initiative (SBTi). Metlifecare, which is owned by Swedish private equity firm EQT, has committed to reduce its absolute greenhouse gas emissions by 42% from 2021 levels, source 100% of its annual electricity from renewable sources, and reduce scope 3 GHG emissions by 51.6% per square metre from 2021 levels, all by 2030. These targets, which have now been validated by the global body, aim to give Metlifecare a “credible and clearly defined path” to reduce emissions in line with the Paris Agreement on climate change. Metlifecare’s Sustainability Manager, Ranjana Lal (pictured with CEO Earl Gasparich), says that the operator still has a long way to go.

“Essentially, we have committed to reducing our electricity and energy use by almost half within the next seven years, and this is during a period of significant growth for Metlifecare.”