2010 corporate responsibility report - massmutualvolunteer service award (2010), presented to honor...
TRANSCRIPT
2010 Corporate Responsibility Report
Contents 1 | A message from our
Chairman, President and CEO 3 | Community 8 | Culture 12 | People 15 | Planet
(This report contains information from Jan. 1, 2010 to April 19, 2011.)
1
A message from our Chairman, President and CEO
I’m barely competent with a hammer, let alone with an electric drill. I know a few others, however, who are measurably better, like the MassMutual volunteer whose skill with a table saw was put to good use, the head of our U.S. Insurance Group, or the retired lawyer from our Government Relations team who was the 2010 Volunteer of the Year for the local chapter of Habitat for Humanity. When you work together with 300 other MassMutual volunteers to build a family’s dream home, you get to know the carpentry skills of your co-workers and their commitment to our community first-hand.
Massachusetts Mutual Life Insurance Company has a
history that now spans over 160 years. As a mutual company,
we have put the needs of people first, managing the company
with the long-term interests of our policyholders and
customers in mind.
We have grown up in Springfield, Mass., employing its
talented citizens, supporting its culture, and providing sweat
equity in strengthening its neighborhoods. We still do. But as
a Fortune 500 company offering products through more than
5,000 financial professionals, our reach is a lot longer than it
used to be.
Today, there are many proud examples of our community
responsibility both here at home and in other communities
where our policyholders, customers and financial profes-
sionals live and work. We do this through charitable giving,
with passionate employee volunteers, with market-specific
resources, and through education programs. And it’s never
an after-thought.
Operating responsibly within these diverse communities is
something we hold ourselves accountable for, and we are
excited by the opportunities to help make positive changes in
the lives of so many people that also benefit our business:
• One opportunity is in helping develop a future
workforce for Springfield, its surrounding
communities, agent communities across the
country – and for MassMutual. We do this through
successful education programs like the Career
Pathways initiative we’ve created or the scholarships
our agencies award to multicultural students in nine
metropolitan areas, from Atlanta to Denver, San
Francisco to Miami.
2
In early December, nearly seven months to the day when
we raised that first wall, I was invited back to help dedicate
the dream house we built. There were speeches, lots of hand
shaking, and the keys were handed over to the beaming first-
time homeowners – along with the LifeBridgeSM insurance
policy the family had applied for earlier in 2010. LifeBridge
is MassMutual’s unique free life insurance program where
we pay the premiums to help eligible parents and guardians
protect their dream of an education for their children. As of
Dec. 31, 2010, LifeBridge policies have been given away in
all 50 states and the District of Columbia, totaling more than
half a billion dollars in life insurance.
The experience was a great opportunity to see what is
possible – and what MassMutual is doing as a company that
truly cares – when you make the decision to put people first.
Roger Crandall
Chairman, President and Chief Executive Officer
• Environmentally, we believe using alternative,
sustainable energy and reducing the company’s
strain on existing sources – all while operating more
efficiently for the benefit of the company and our
policyholders – is an ongoing opportunity for change.
So, among other changes, this past year we installed
more than 600 solar panels on the roof at our State
Street headquarters.
• Another opportunity to make positive change contin-
ues to be addressed by providing insurance coverage
for breast cancer survivors, something we have been
doing since 1964. As a company we understand that
the marketplace we operate within is made up of
diverse consumers with individual histories and life
concerns, and making it possible for more breast
cancer survivors to qualify for coverage with shorter
waiting periods and lower premiums is just one way to
support and bring awareness to a very important issue.
Developing, supporting and providing all these programs
is certainly part of a good business model, but also is the
responsible thing to do when you have the financial means
and the desire to help others and bring about change.
“Developing, supporting and providing all these programs is certainly part of a good
business model, but also is the responsible thing to do when you have the financial means and the desire to help others and bring about change.”
3
Community
MassMutual Career Pathways
MassMutual has a long history of supporting education
initiatives with a focus on attracting and retaining diverse
talent from within our communities. We support our educa-
tion efforts through our Career Pathways programs, which
raise awareness by providing information to students,
parents and educators regarding careers at MassMutual and
within the financial services industry. The program connects
eligible students to MassMutual scholarships, skills training
and development, mentoring, internships and opportunities
for employment.
MassMutual Academic Achievement Program
Eligible high school students in Springfield, Mass., who
maintain a B-or-better average for four consecutive marking
periods are recognized as MassMutual Academic Achievers.
Achievers become eligible for incentives to help them
continue their academic success, including free access to
the PSAT exam and workshops on college admissions,
financial aid and career exploration. MassMutual Academic
Achievers have access to our Career Pathways initiatives,
MassMutual believes the best way to support the communities in which we live and work is by contributing to the education, health and financial well-being of the people who make up those communities.
Charitable Giving MassMutual helps enhance the quality of life across our
communities by supporting efforts within our focus areas
of education and career pathways, economic development
and community vitality. We do this through grant making
and various collaborative efforts. Over the past five years,
MassMutual has provided more than $33 million through its
local and national programs.
Education
LifeBridgeSM – Free Life Insurance Program
Our unique LifeBridge Free Life Insurance Program
provides $50,000 term life insurance policies free-of-charge
to eligible parents or guardians. We pay the premiums and
our agents drive the program in their communities. If an
insured parent or guardian dies during the 10-year term, a
$50,000 benefit funds a trust serviced by our trust company
to pay their children’s educational expenses (trust services
are provided by the MassMutual Trust Company, fsb, a
wholly owned stock subsidiary of MassMutual). Our goal is
to give away $1 billion in coverage. As of Dec. 31, 2010, we
are well over halfway to our goal, having provided more than
$580 million in free life insurance coverage across
the country.
4
MassMutual Scholars Program (in select agent communities)
MassMutual is working to expand access to the opportunity
of higher education for citizens who reflect the rich cultural
diversity of our country. We want to increase the number of
multicultural students completing college nationally, raise
awareness of careers in financial services, and recruit and
retain the top talent touched by our programs.
In 2010, MassMutual awarded $135,000 in scholarships and
offered internship opportunities in select markets to eligible
college students of African American, Hispanic, Asian and
Pacific Islander descent interested in pursing a career in the
insurance and financial services industry. Eligible scholars
must be attending a college or university or reside in one
of nine different metropolitan areas: Atlanta, Central New
Jersey, Miami, Chicago, Houston, San Antonio, Denver, Los
Angeles, or San Francisco.
including the Junior Achievement Stock Market Challenge,
Job Shadow Day, and internships, as well as the MassMutual
Scholars Program. In 2010, more than 700 Springfield
high school students earned recognition as MassMutual
Academic Achievers.
MassMutual Scholars Program (in our home office communities)
Eligible students interested in careers in financial services
can apply for one of the 40 $5,000 renewable MassMutual
scholarships we give away (renewals are based on academic
performance). For details and to apply online, visit
The Community Foundation of Western Massachusetts
(www.communityfoundation.org/massmutual). Scholarship
recipients are also eligible to apply for internships at
MassMutual that will provide them with hands-on experi-
ence in the financial services industry.
These college-bound high school seniors from Hampden (Mass.) and Hartford (Conn.) counties were selected from peer applicants to receive one of the renewable $5,000 scholarships through the MassMutual Scholars Program.
5
State Street Alliance
Working closely with city officials, MassMutual helped
convene a group of more than 60 property owners,
academic institutions, community-based organizations, and
neighborhood groups to form the State Street Alliance. This
group’s primary mission is to develop, promote, support
and implement a comprehensive economic development
strategy for the State Street corridor, a 3.2 mile central artery
of the city. MassMutual’s leadership in forming the State
Street Alliance was essential to the commissioning of a
comprehensive redevelopment program, which outlines a
framework for the corridor’s revitalization.
DevelopSpringfield
MassMutual championed the creation of DevelopSpringfield,
a non-profit 501(c)(3) corporation formed with the purpose of
developing and implementing creative revitalization strate-
gies, and development initiatives, all of which
support sound residential, commercial and industrial
development opportunities.
HOME Program
Our Home Ownership for MassMutual Employees (HOME)
program was created to provide employees of MassMutual,
MassMutual International LLC, The MassMutual Trust
Company fsb, and MML Investors Services, LLC the
opportunity to realize their dream of homeownership. The
program has been carefully designed to enhance employees’
quality of life by providing education and information on
various aspects of homeownership, access to materials and
services, and annual awards of forgivable loans of $7,500 or
$10,000 to qualified employees.
Junior Achievement®
Employees across MassMutual continue to volunteer their
time and business knowledge with Junior Achievement
(JA), the world’s largest organization dedicated to educating
students in grades K-12 about entrepreneurship, work readi-
ness and financial literacy through experiential, hands-on
programs. MassMutual and JA work together with area
students on the Stock Market Challenge, Job Shadow Day,
and at MassMutual’s Building Your Future Conference every
January. Our work with JA has earned us recognition by
Junior Achievement USA as a Top 10 Volunteer Resource
Provider in the U.S. (2009) as well as the President’s
Volunteer Service Award (2010), presented to honor
corporations that provide classroom volunteers to teach JA’s
educational programs.
Economic Development MassMutual seeks to serve as a catalyst for economic
development in the city of Springfield and support the
implementation of strategic development initiatives.
These initiatives are helping to drive the redevelopment of
the State Street corridor and its adjacent neighborhoods.
“MassMutual seeks to serve as a catalyst for economic development in the city of
Springfield and support the implementation of strategic development initiatives.”
6
United Way Once again in 2010, MassMutual and its employees were a
top corporate contributor to the United Way of the Pioneer
Valley. Our annual community campaign also supports the
United Way of Central and Northeastern Connecticut, as
well as United Way organizations in our agent communities.
Through the annual fall pledge drive and special events,
employees and our eligible General Agents gave more than
$1.2 million to the United Way and the company matched
their donations up to $1 million. MassMutual employees
also reached out to non-profit organizations in neighbor-
ing communities, offering their time, skill, and energy on
the annual United Way Day of Caring. In 2010, close to
1,000 MassMutual employees volunteered, performing
tasks ranging from painting and landscaping to long-overdue
building maintenance.
Curb Appeal
MassMutual is providing $150,000 over three years to fund
grants of up to $5,000 each to income-eligible homeowners
in neighborhoods along the State Street corridor. Grants can
be used for a broad range of exterior home improvements,
from landscaping to roofing. The Curb Appeal program
is administered by Springfield Neighborhood Housing
Services, a local housing non-profit whose mission is to help
transform families and rehabilitate blighted
residential properties.
Habitat for Humanity®
Over the course of seven months in 2010, more than
300 employees from MassMutual worked with Habitat for
Humanity and other community volunteers to help build a
home for a family of first-time home buyers. MassMutual
and its subsidiary, Babson Capital Management LLC,
provided more than $100,000 to fund the project while
MassMutual’s employees provided more than
2,000 volunteer hours.
More than 300 MassMutual employees helped build a home for a family of first-time home buyers, providing more than 2,000 volunteer hours.
7
Answering the call in his community
“I could not change what happened to my grandmother, but I could work to help an
organization that actively calls seniors and makes sure others like her won’t ever be alone.”
– Alberto “Tico” Gutierrez
When MassMutual financial professional Alberto “Tico” Gutierrez was 14, his grandmother died. For some time before her death, she was lonely and afraid but said nothing, he recalled.
So, when Gutierrez heard about the Switchboard of Miami’s Senior Never Alone program, he immediately thought “this could have helped her.”
Today, and for the past 10 years, Gutierrez has regularly donated countless hours on behalf of the Switchboard of Miami, Inc., a comprehensive telephone crisis, information and outreach service for Miami-Dade County. He has even served on its volunteer Board of Directors.
Gutierrez decided to apply for a Community Service Award, a competitive grants program available to eligible MassMutual financial professionals in which grants are provided to non-profits on behalf of their extraordinary volunteer efforts. His tireless volunteer service earned him the first-ever Community Service-Volunteer of the Year Award established to honor an extraordinary member of the company’s extensive field force. A $25,000 grant was made on behalf of Gutierrez to the Switchboard of Miami, Inc.
Gutierrez is the shining example of so many MassMutual financial professionals and employees who answer the call to volunteer and be active members of their home communities. His work with Switchboard of Miami, Inc. includes planning, logistics, hauling supplies, even answering phones. In fact, Gutierrez was volunteering at the Switchboard benefit golf tournament the moment he received the news of his award.
“I could not change what happened to my grandmother,” he said, “but I could work to help an organization that actively calls seniors and makes sure others like her won’t ever be alone.”
8
We have the desire and means to help people with diverse backgrounds and experiences with their unique needs.
Special Needs
Special Care
The SpecialCareSM program, developed exclusively by
MassMutual, is an outreach initiative that provides access
to information, specialists, and financial products and
services that can help improve the quality of life for people
with disabilities and other special needs and their families
and caregivers. Learn more about SpecialCare at
www.massmutual.com/specialcare.
study of parents of children with autism. This study is the
basis of the 2011 public television documentary “Autism:
Coming of Age,” which we proudly sponsored.
MassMutual also sponsors two events throughout the year:
Disability Awareness Nights (DAN) and Easter Seals Walk
With Me. DAN pays tribute to the 51.2 million Americans
with disabilities, their families and caregivers (“Americans
with Disabilities: 2002,” US Census Bureau, May 2006).
The Easter Seals Walk With Me fundraiser brings partici-
pants together who walk to make a difference in the lives of
those with a disability.
Women
Pearls of Wisdom®
This MassMutual seminar goes beyond basic financial
concepts and explores the emotions behind real-life situa-
tions that drive financial decisions. Intended for women of
all ages, ethnicities and income levels, this seminar fuses
intuition and intellect into a relaxed, informative setting
where anyone can feel comfortable talking about money and
related concerns with other women.
Breast cancer awareness
For years, MassMutual has had an unwavering commitment
to breast cancer awareness and education. In fact, since
2005, the company has contributed more than $500,000 to
cancer-related organizations across the country.
• Thanks to the continuous evaluation of underwriting
guidelines, MassMutual has been able to provide life
insurance protection to eligible breast cancer survi-
vors, and their families, for more than 45 years.
Culture
Easter Seals
MassMutual sponsored the Easter Seals “Living with
Disabilities” 2010 study which looked into the lives of
adults living with disabilities. Results of the study were
presented locally through our General Agents and Special
Care Planners, working with Easter Seals and conducting
community forums. In 2008 we sponsored the “Easter Seals
Living with Autism” study, which is depicted as the first-ever
9
Diversity and Inclusion
Working to Achieve Equality
For the fourth consecutive year, MassMutual received
the highest rating of 100 percent in the annual 2011
Corporate Equality Index survey conducted by the Human
Rights Campaign (HRC), which recognizes efforts to
establish and encourage workplace equality for lesbian,
gay, bisexual and transgender (LGBT) employees. Index
ratings are based on factors like nondiscrimination policies,
diversity training, and benefits for domestic partners and
transgender employees.
Supporting Professionals
In the home office, MassMutual has employee resource
groups (ERGs) that support the enterprise-wide diversity
and inclusion strategy. Currently, MassMutual has
six ERGs made up of more than 1,300 employees and
representing African-American; Hispanic-American;
Asian-American; Lesbian, Gay, Bisexual and Transgender;
Young Professionals; and a Multicultural ERG in our
Memphis location. Each ERG focuses on six strategic areas:
recruitment, retention/development, community outreach,
awareness and education, brand recognition/marketing,
and networking. MassMutual is supporting our agents by
connecting them with female thought-leaders throughout the
country through our affiliation with local organizations such
as Women on Course® and the American Woman’s Society
of Certified Public Accountants.
• During National Breast Cancer Awareness Month
every October, MassMutual makes donations
to area American Cancer Society chapters or
related organizations across the country for every
MassMutual Pearls of Wisdom® seminar hosted by
a MassMutual financial professional in their local
community. In 2010, the seminars provided more
than 2,400 women, their families and friends with
access to a wide range of information on financial
strategies. This produced more than $125,000 in
donations for research, detection and treatment
programs for those battling breast cancer.
• Since its inception in 1998 following the loss to breast
cancer of a dear friend of the co-founders of Vera
Bradley, the Vera Bradley Foundation for Breast
Cancer has raised more than $10 million in an effort
to search for a cure. MassMutual has joined forces
with Vera Bradley by supporting the Foundation’s
ambassador, Heidi Floyd, across the nation to
share her story of survivorship and to speak about
MassMutual’s commitment to providing insurance to
eligible breast cancer survivors.
• The 2010 Trek Women Triathlon Series was a
combined swim, bike and run/walk race for women
that took place at several locations nationwide. At
each of the races, MassMutual served as host for
breakfast with members of Team Survivor, who share
their stories and connect with other survivors. Team
Survivor’s programs are open to women in all stages
of treatment, recovery and survivorship, and provide
free support for breast cancer survivors as they work
toward their fitness goals.
10
Diversity Fellowship
In collaboration with Goodwin Procter LLP, a lead-
ing national law firm, MassMutual created a Diversity
Fellowship to promote diversity in the legal profession.
Through this fellowship, the firm awards a stipend of
$15,000, funded by MassMutual, to a minority law student
who demonstrates exceptional academic performance,
outstanding leadership, involvement in minority student
organizations, a commitment to community service, and
other special achievements and honors.
Recruiting
MassMutual is building strategic partnerships with orga-
nizations that can support our diversity goals, including
the National Association of Black MBAs, the Association
of Latino Professionals in Finance and Accounting, the
National Association of Asian-American Professionals,
IT Senior Managers Forum, Out and Equal, and the
Massachusetts Gay and Lesbian Bar Association. In addi-
tion, we actively recruit in diverse communities to bring in
more agents, general agents and sales managers.
Multicultural Markets
Diversity and inclusion efforts also include work to ensure
policyholders and customers are given a voice and receive
the specific support they need. MassMutual actively markets
to multicultural communities and has conducted agent and
consumer research to better understand the markets and
opportunities that exist within them. We use this information
to create relevant, meaningful resources for our clients and
producers that focus on the markets in which we’re active:
African-American, Asian-Indian, Chinese, Hispanic, and
Korean consumers. Across each area of focus, we create
programs that address the needs of the consumers in their
local market.
11
Diverse cultures, with one common thread
“Every day I think of how kind MassMutual has been to me and
whenever I have enough money I want to follow their example and help others
achieve their dreams.”– Elizabeth
Angelica is taking care of her infirmed mother and a younger sibling, is working two jobs, and studying to become the first in her family to graduate from a four-year college.
Sophie grew up in the foster care system and is a 29-year-old single mother of two. She wants to be a CPA.
Daniel is the son of Mexican immigrants studying accounting at the University of Houston.
Their diversity of culture and experience is apparent. What isn’t so evident is what the three students share – they are each recipients of a MassMutual Scholars Program scholarship.
The company awarded a total of $135,000 in scholarships to high-achieving multicultural students in nine different metropolitan communities. As part of the program, recipients may have access to internships, networking, job shadowing and employment opportunities.
Applicants must demonstrate an interest in pursuing a career in the insurance and financial services industry, like Elizabeth, the Guatemalan woman now studying at the University of Colorado. She gave up her studies after immigrating to the United States and worked until saving enough to return to school. Struggling to continue working, pay rent and afford tuition and books, the dedicated finance student cried the day she learned of winning the MassMutual scholarship.
“Every day,” Elizabeth wrote, “I think of how kind MassMutual has been to me and whenever I have enough money I want to follow their example and help others achieve their dreams.”
12
People
At MassMutual we are busy empowering our own people with the necessary knowledge, tools and support to plan for a happy and healthy life at home, at work and out in their communities.
Volunteers in Action This home-office program encourages the volunteer efforts
of our full-time employees and retirees by awarding grants
on their behalf to eligible non-profit organizations to which
they donate their time and talent. Individuals can apply for
a $750 grant for the non-profit organization with which
they volunteer. Each year, a Volunteer in Action grant
recipient is recognized with the “Winner’s Circle Award
for Community Involvement” based on their exemplary
and extraordinary commitment to their volunteer cause.
A second grant, of $2,000, is made to the award winner’s
volunteer organization.
Community Service AwardsMassMutual’s annual Community Service Awards program
recognizes the selfless hours of volunteer time that members
of our sales force put in during the year to improve their
respective communities. In 2010, we distributed $125,000
to eligible non-profit organizations based on the volunteer
efforts and the commitment of the MassMutual financial
professionals who work with them. Since the program’s
inception in 1996, MassMutual has contributed more than
$1 million to charitable organizations across the country.
And, 2010 marked the first time a $25,000 Community
Service – Volunteer of the Year Award was granted, along
with ten $10,000 grants to various organizations.
13
Employee WellnessEmployees remain our most vital resource, and their health
has a direct impact on individual productivity and success
as well as the profitability of our company – all of which
impacts our policyholders and customers. In the home
office, Employee Health Services offers employees access
to on-site medical professionals and services, such as blood
pressure, blood sugar, and cholesterol screenings, worksta-
tion ergonomic reviews, smoking-cessation resources, stress
management courses, personal health seminars and Wellness
Activity Centers supporting fitness. Our “Live Healthy Live
Well” program continues to offer eligible employees, agents
and their spouses or domestic partners a confidential, online
wellness assessment, as well as additional incentives and
proactive steps to address their health and wellness needs.
MassMutual Chairman, President and CEO Roger Crandall is
a member of the American Cancer Society’s CEOs Against
Cancer. He is part of an elite team of chief executives of
leading businesses, representing millions of workers world-
wide, who not only support the American Cancer Society
mission, but also work to enhance intellectual exchange and
develop future diverse cancer-fighting solutions.
Winners Circle In 2010, another 115 employees were welcomed into the
Winners Circle, a program that recognizes employees for
excellence in service and leadership, as well as for commit-
ment to volunteer work in our communities. These awards
all share a foundation in our Winning Ways, the behaviors
we expect all our employees to demonstrate every day –
Focus on the Customer, Act With Integrity, Value People,
Work Collaboratively, and Achieve Results.
Community Activities We encourage employees to become involved in the
community by providing time away from work for
company-sponsored volunteer activities within our focus
areas of education, economic development and community
vitality. Company-sponsored volunteer activities include our
work with the United Way, Junior Achievement, Habitat for
Humanity and various Career Pathways programs. Through
the Law Division’s pro bono program, volunteer lawyers
and paralegals donate their time to provide representation to
indigent clients at the Springfield (MA) Housing Court.
In 2010, more than 1,500 MassMutual employees volun-
teered their time and talent to a variety of human services
organizations and other programs – amassing more than
10,000 total volunteer hours.
Matching Gifts We recognize the generosity of our eligible employees,
General Agents and agents by matching their charitable
donations to qualified non-profit organizations, providing
over $900,000 in matching gift support in 2010.
Food, Coats and Toys Collection drives to support those in need are another way
employees can support Western Massachusetts and Northern
Connecticut communities. Internal committees made up
of employee volunteers donate their time managing food,
coat and holiday toy collections throughout the year. Since
inception, over 6,000 employees, including those from
Babson Capital Management LLC, have participated in
supporting these events.
14
Helping his community help its children
“I thought the MassMutual LifeBridgeSM program would be an asset
to the children in our community.”
The Reverend William Buie is passionate about supporting his community. As a husband and father, he’s also passionate about protecting his family. When he met with Kasper Mingo, his MassMutual financial professional, they talked about ways to do both.
Using whole life and disability income insurance, William now has a plan that helps protect his wife and son if he’s ever unable to work due to an injury or illness.
After learning about MassMutual’s offerings, William also saw ways to support the broader community. “I thought the MassMutual LifeBridgeSM program would be an asset to the children in our community,” says William. LifeBridge makes life insurance free to eligible parents and guardians because MassMutual pays the premium. Proceeds are used to help ensure children get an education. Because of William, the program has been introduced to more than 20 clergy members in his area.
15
At MassMutual, we believe our efforts to address environ-
mental sustainability are more than just good corporate
citizenship. These efforts create opportunities to reduce
our operating costs which, ultimately, benefit the people
who rely on us every day: our policyholders and customers.
Throughout everyday business operations, we work to
reduce our environmental footprint by effectively managing
our facilities and the natural resources we consume.
The operations noted in this section include our home offices
in Springfield, MA and Enfield, CT and our Learning and
Conference Center in Chicopee, MA.
LEED Certification for Existing BuildingIn early 2011, MassMutual obtained Leadership in
Engineering and Environmental Design for Existing
Buildings (LEED-EB) Silver Certification. Our work to earn
certification for the State Street campus in Springfield, which
includes 11 buildings making up 1.4 million square feet of
space, was a multi-year process. During this time we made
numerous updates and changes to the building’s facilities
and infrastructure, including updating the company’s data
center and water-chiller system, along with installing new
water-efficient plumbing fixtures.
LEED is an internationally recognized certification system
that measures how well a building or community performs
across all the metrics that matter most: energy savings,
water efficiency, CO2 emissions reduction, improved
indoor environmental quality, and stewardship of resources
and sensitivity to their impacts. Developed by the U.S.
Green Building Council, LEED provides building owners
and operators a concise framework for identifying and
implementing practical and measurable green building
design, construction, operations and maintenance solutions.
Planet
The more than 600 solar panels MassMutual installed on its Springfield headquarters in 2010 will generate enough electricity to run 22 typical Massachusetts homes annually.
16
The resulting use of over 2,250 refillable “green” mugs saves
more than 200,000 large Styrofoam cups annually. We also
save approximately five million gallons of water annually
after the installation of 500 plumbing fixtures.
RecyclingMassMutual recycles more than 600 tons of paper each
year and about five tons of fluorescent lights. The company
purchases eco-friendly office furniture and carpets that
promote good air quality and are made from recyclable
materials. A new plastic bottle recycling program has also
been instituted, saving more than 2,500 bottles from going
into the local landfill.
TransportationMassMutual recently added free electric vehicle charging
stations for employees on the Springfield and Enfield
campuses in order to accommodate electric vehicles. Ten
bicycles and adult-sized tricycles have been added to our
Security and Facilities vehicles, eliminating the use of
electric carts.
Additionally, MassMutual has increased support of
carpooling and ride share vanpooling programs. Combined,
nearly 300 participants are using these transportation
options, including specially designated carpooling parking
spaces on both the Springfield and Enfield campuses.
Solar TechnologyIn 2010, as part of our renewable energy strategy,
MassMutual installed more than 600 photovoltaic and
thermal solar panels on the roof of our headquarters in
Springfield. The panels provide 50 percent of the building’s
hot water needs and two percent of its power. Annually,
the panels generate enough energy to power 22 residential
homes and, over their lifetime will reduce our carbon emis-
sions by an estimated 1,800-plus metric tons.
Lighting and Energy UseOur comprehensive energy efficiency program ranges from
high-efficiency lighting systems and “daylight harvesting”
(systems that automatically turn off electric lights when the
sun is bright enough to provide natural light) to updating
our Data Center. In fact, through server virtualization and
ventilation upgrades, our ongoing Data Center project has
helped reduce our carbon footprint by over 40 percent,
and will significantly curtail energy costs over the long
run. Cleaner-burning fuel will be used in the Data Center
to heat the building and operate the standby generators.
The low sulfur fuel will reduce environmental emissions
by 97 percent and the sulfur content will be reduced from
500 parts per million (ppm) to 15 ppm.
Reducing WasteMassMutual has introduced technologies that reduce
paper use, including online insurance application forms,
“electronic” insurance policies and an electronic prospectus
delivery option for our retirement plan sponsors and
participants. Employee demand drove efforts to provide
cafeteria alternatives to Styrofoam plates and cups.
MassMutual. We’ll help you get there.®
This report uses 100% post-consumer recycled paper which achieved the
following advantages for the environment. 22 trees preserved for the future,
64 lbs. waterborne waste not created, 9,379 gallons wastewater flow saved,
1,038 lbs. solid waste not generated, 2,043 lbs. net greenhouse gases
prevented, 15,640,000 BTUs energy not consumed.
Savings from the use of emission-free wind-generated electricity: 1,037 lbs.
air emissions not generated. Displaces this amount of fossil fuel: 1.1 barrels
of oil unused.
In other words, the savings from the use of wind-generated electricity are
equivalent to: not driving 1,027 miles or planting 71 trees.
This piece is printed on Mohawk Options PC 100 which is manufactured entirely with Green-e certified wind-generated electricity.
© 2011 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives.COR3566 911 CRN201308-151213