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"The LEED-EB certification reinforces a long tradition at MassMutual toreduce our environmental footprint," said Ricky Swaye, corporate vicepresident of Corporate Services at MassMutual.
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Throughout everyday business operations, MassMutual strives to reduce itsenvironmental impact by effectively managing the use of natural resources.Although the company does not produce products which cause directenvironmental impacts, the company has policies and procedures in place to runits local operations safely, effectively and efficiently.
As a result of its strong commitment to the environment, MassMutual hasundertaken the following initiatives which support efforts to obtain LEED-EBcertification:
-- Green water chillers -- The drinking water chiller systems have beenupgraded to be more environmentally efficient and save 75,000 gallons of waterper year.
-- Data center energy conservation -- In order to achieve a more "green"data center, substantial efforts have been made to improve data centerefficiencies, which have resulted in dramatic reductions in energy consumptionwhile supporting unprecedented growth.
-- Recyclable products -- MassMutual has provided over 2,250 refillableplastic "green" mugs to employees, saving 17,000 large Styrofoam cups permonth (204,000 per year) from the local landfill. The company also purchaseseco-friendly office furniture that promotes good air quality and is made fromrecyclable materials.
"We strongly believe that by making our infrastructure eco-friendly, itwill not only be healthier for our employees, but it will also help topreserve the environment for generations to come," says Mr. Swaye. "LEED-EBcertification will serve to reinforce our true commitment to the environment."
In addition to improvements related to the LEED-EB certification,MassMutual is committed to reducing paper, water and energy consumption on adaily basis. As an example, this year the company has already reduced its datacenter's electrical growth by 55 percent, compared to 2007, through the use oftechnologies including server virtualization, optimization of cooling andmechanical systems, on-demand ventilation, fugitive airflow reduction andoptimized rack design.
In an effort to reduce paper consumption, the Retirement Services Divisionhas implemented an e-prospectus delivery program, which encourages planparticipants to receive their prospectus information online instead of onpaper.
"MassMutual has made significant progress for the environment with ourgreen programs and policies thus far, and will continue to do so," says Swaye."It is our hope, through our initiatives and LEED-EB certification effortsthat MassMutual will continue to be a green leader."
MassMutual Financial Group is a marketing name for Massachusetts MutualLife Insurance Company (MassMutual) and its affiliated companies and salesrepresentatives. MassMutual and its subsidiaries had more than $500 billion inassets under management at year-end 2007. Assets under management includeassets and certain external investment funds managed by MassMutual'ssubsidiaries.
Founded in 1851, MassMutual is a mutually owned financial protection,accumulation and income management company headquartered in Springfield, Mass.MassMutual's major affiliates include: OppenheimerFunds, Inc.; Babson CapitalManagement LLC; Baring Asset Management Limited; Cornerstone Real EstateAdvisers LLC; The First Mercantile Trust Company; MML Investors Services,Inc., member FINRA and SIPC (www.finra.org and www.sipc.org); MassMutualInternational LLC and The MassMutual Trust Company, FSB. MassMutual is on theInternet at http://www.massmutual.com.Contact: Mark Cybulski 413-744-5427 Laura DeMars 413-744-7181
SOURCE MassMutual
