MetLife publishes its annual sustainability report
NEW YORK–(BUSINESS WIRE)–MetLife’s annual sustainability report, released today, shows how the company continues to embed sustainability into its operations, including through its 2030 climate and diversity commitments, l Equity and Inclusion (EID) for 2030.
In the report, MetLife also provides information on its commitment to achieve net zero greenhouse gas (GHG) emissions across the company’s global operations and general account investment portfolio by 2050. or before.1 The Net Zero Commitment builds on MetLife’s existing 2030 sustainability commitments, which include 11 climate goals established in 2020, as well as a robust set of DEI 2030 commitments established in March 2022. The financial components of the commitments DEI will total over $2.5 billion by 2030. .
“Our goal – always with you, building a more confident future – is central to our business strategy and core to our sustainability mission,” said Michel Khalaf, President and CEO of MetLife. “For MetLife, the path to a more confident future is clear: we will apply the full extent of our resources to building a more inclusive and equitable society, advancing economic opportunity, creating a more health and to the improvement of the health and well-being of all persons.”
Recognizing the inextricable link between social and environmental issues, MetLife deploys the full force of its people, products, services and investments to comprehensively address the unmet needs of communities around the world. Recent examples covered in the MetLife report include:
Creating over $6 billion in new green investments and MetLife Foundation providing over $1 million in climate-focused grants
Maintain carbon neutrality, which MetLife has done since becoming the first US-based insurer to achieve this status in 2016
Reduce GHG emissions by 21% between 2020 and 2021 and plant more than 200,000 trees worldwide since 2020
Achieve industry-leading quartile performance for workforce diversity in every ethnically and racially diverse category in the United States and for female officers globally
Join the Human Rights Campaign Business Coalition for Equality Act
Expand the company’s talent sponsorship program, EXCELERATE, globally to advance the development of diverse, high-potential leaders
The MetLife Foundation’s fulfillment of its three-year, $5 million commitment to advance racial equity in the United States
“As a global insurer, we have been committed to serving as a force for good in our communities for more than 150 years,” said Jon Richter, MetLife’s chief sustainability officer. “By aligning our efforts with the United Nations Sustainable Development Goals and integrating sustainability into our operations, we are having real impact today and in the long term.
To read the 2021 Sustainability Report and learn more about MetLife’s commitments and progress, visit https://sustainabilityreport.metlife.com/report/.
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1 In 2022, MetLife, Inc. made a commitment to further the company’s carbon neutral commitment by targeting net zero emissions for global operations and its general account investment portfolio by 2050 or before. The net zero commitment applies to GHG emissions from offices owned and leased by MetLife, Inc. around the world, automotive fleets, employee business travel, and assets in the MetLife, Inc. general account investment portfolio. MetLife, which includes general accounts of MetLife, Inc. wholly-owned insurance company subsidiaries, for which data and methodologies are available. Emissions are tracked and reported in accordance with the Greenhouse Gas Protocol. Learn more about MetLife’s climate commitments online. Additional information about MetLife’s general account investment portfolio is available here. MetLife is committed to identifying, measuring and analyzing climate data, as well as risks and opportunities, as measurements and standards evolve. Although the exact technologies, policies and strategies to achieve net zero greenhouse gas emissions are not known at this time and many uncertainties remain, MetLife will continue to strive to be a force for good in the world.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional clients build a confident future. Founded in 1868, MetLife is present in more than 40 markets worldwide and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
The forward-looking statements contained in this press release, using words such as “commitment”, “commitment”, “total” and “will”, are based on assumptions and expectations that involve risks and uncertainties, including “Risk Factors” MetLife, Inc. described in its filings with the United States Securities and Exchange Commission. MetLife’s future results could differ, and it assumes no obligation to correct or update any of these statements.