Northwestern Mutual Sustainability and Social Impact: Reducing Our Environmental Impact

We ensure our actions and investments demonstrate commitment to people and planet.

Originally published in Northwestern Mutual 2023 Sustainability and Social Impact Report

NORTHAMPTON, MA / ACCESSWIRE / May 2, 2024 / Since 1857, Northwestern Mutual has been committed to doing what's right-working to deliver positive, transformative results for generations to come. The value we place on both today and tomorrow requires a commitment to environmental sustainability; we work to be good stewards for our policyowners and clients, our people and our communities.

We manage our day-to-day facility operations to reduce our climate impact through energy efficiency, water conservation, waste management and a continued focus on our carbon footprint. We also recognize the importance of the relationship between spaces and the people who will use them, from our corporate employees and financial advisors and representatives to members of the public enjoying our campus. Our environmental sustainability commitment carries through to our investment strategy and to the investment products we offer consumers.

ESTABLISHING AN ENVIRONMENTALLY RESPONSIBLE CORPORATE FOOTPRINT

Building design, construction and operation at Northwestern Mutual considers the environment as well as people's health and well-being. We've built to sustainability standards such as Leadership in Energy and Environmental Design (LEED), focused on environmental impact and sustainability, and the WELL Building Standard, focused on people's health and wellness. We have 3.27 million square feet of corporate office space across three campuses-and more than 40% of that office space is LEED Gold certified (our Milwaukee Tower, Commons and Van Buren buildings). This matters because LEED buildings use, on average, 25% less energy than conventional buildings¹. As part of our commitment to environmental protection, we continue to find new ways to increase facility energy efficiency, reduce water use and waste, and expand focus on our carbon footprint.

Energy efficiency and focus on carbon footprint

As part of our efforts to better understand and measure Northwestern Mutual's impact on the environment, we're expanding the metrics we use to measure our exposure to climate risk. This includes accounting for our scope 1 and 2 greenhouse gas emissions consistent with Greenhouse Gas Protocol guidelines.

In 2024, we're rolling out enhanced Energy Manager software to gather data from our Milwaukee and Franklin campus building systems, diagnose underperforming equipment, forecast energy use, and prioritize action. We're adding HVAC submeters to improve energy tracking in our Van Buren office building. Daylight sensor harvesting will help reduce overhead light use and yield substantial savings. We've also invested in refrigerant recovery and reduction, and in using more eco-friendly options.

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