SPRINGFIELD, Mass., Dec. 9 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) announced that it has begun its application to obtain Leadership in Energy and Environmental Design for Existing Buildings (LEED-EB) certification for its headquarters in Springfield, Mass. This is approximately a year-long process that includes replacing more than 500 plumbing fixtures and implementing more efficient lighting to make the 1.4 million square foot headquarters truly green.
"The LEED-EB certification reinforces a long tradition at MassMutual to reduce our environmental footprint," said Ricky Swaye, corporate vice president of Corporate Services at MassMutual.
Throughout everyday business operations, MassMutual strives to reduce its environmental impact by effectively managing the use of natural resources. Although the company does not produce products which cause direct environmental impacts, the company has policies and procedures in place to run its local operations safely, effectively and efficiently.
As a result of its strong commitment to the environment, MassMutual has undertaken the following initiatives which support efforts to obtain LEED-EB certification:
-- Green water chillers -- The drinking water chiller systems have been upgraded to be more environmentally efficient and save 75,000 gallons of water per year.
-- Data center energy conservation -- In order to achieve a more "green" data center, substantial efforts have been made to improve data center efficiencies, which have resulted in dramatic reductions in energy consumption while supporting unprecedented growth.
-- Recyclable products -- MassMutual has provided over 2,250 refillable plastic "green" mugs to employees, saving 17,000 large Styrofoam cups per month (204,000 per year) from the local landfill. The company also purchases eco-friendly office furniture that promotes good air quality and is made from recyclable materials.
"We strongly believe that by making our infrastructure eco-friendly, it will not only be healthier for our employees, but it will also help to preserve the environment for generations to come," says Mr. Swaye. "LEED-EB certification 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 a daily basis. As an example, this year the company has already reduced its data center's electrical growth by 55 percent, compared to 2007, through the use of technologies including server virtualization, optimization of cooling and mechanical systems, on-demand ventilation, fugitive airflow reduction and optimized rack design.
In an effort to reduce paper consumption, the Retirement Services Division has implemented an e-prospectus delivery program, which encourages plan participants to receive their prospectus information online instead of on paper.
"MassMutual has made significant progress for the environment with our green programs and policies thus far, and will continue to do so," says Swaye. "It is our hope, through our initiatives and LEED-EB certification efforts that MassMutual will continue to be a green leader."
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual and its subsidiaries had more than $500 billion in assets under management at year-end 2007. Assets under management include assets and certain external investment funds managed by MassMutual's subsidiaries.
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 Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MML Investors Services, Inc., member FINRA and SIPC (www.finra.org and www.sipc.org); MassMutual International LLC and The MassMutual Trust Company, FSB. MassMutual is on the Internet at http://www.massmutual.com.
Contact: Mark Cybulski 413-744-5427 Laura DeMars 413-744-7181
Copyright©2008 PR Newswire.
All rights reserved