Metropolitan Life releases annual sustainability report

Deniza Cristian 24/06/2022 | 15:43

MetLife’s annual Sustainability Report, released today, showcases how the company continues to integrate sustainability across its operations, including through its 2030 climate and 2030 diversity, equity and inclusion (DEI) commitments.

 

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 sooner.1 The net zero pledge builds upon MetLife’s existing 2030 sustainability commitments, which include 11 climate goals established in 2020, as well as a robust set of 2030 DEI commitments established in March 2022. The financial components of the DEI commitments total more than $2.5 billion by 2030.

“Our purpose – always with you, building a more confident future – is central to our business strategy and is at the heart of our sustainability mission,” said MetLife President and CEO Michel Khalaf. “For MetLife, the path to a more confident future is clear: We will apply the breadth of our resources to building a more inclusive and equitable society, advancing economic opportunity, creating a healthier planet, and enhancing the health and well-being of all people.”

Recognizing the inextricable link between social and environmental issues, MetLife is deploying the full strength of its people, products, services, and investments to holistically address the unmet needs of communities around the world. Recent examples covered in MetLife’s report include:

  • Originating over $6 billion in new green investments and MetLife Foundation providing more than $1 million in climate-focused grants
  • Maintaining carbon neutrality, which MetLife has done since becoming the first U.S.-based insurer to achieve that status in 2016
  • Reducing GHG emissions by 21% between 2020 and 2021 and planting more than 200,000 trees around the world since 2020
  • Achieving top-quartile performance in the industry for workforce diversity across each ethnically and racially diverse category in the U.S. and for female officers globally
  • Joining the Human Rights Campaign’s Business Coalition for the Equality Act
  • Expanding the company’s talent sponsorship program, EXCELERATE, globally to advance the development of high-potential diverse leaders
  • MetLife Foundation’s fulfillment of its three-year, $5 million commitment to advance racial equity in the United States

“As a global insurer, we’ve been committed to serving as a force for good in our communities for more than 150 years,” said MetLife Chief Sustainability Officer Jon Richter. “By aligning our efforts to the UN Sustainable Development Goals and incorporating sustainability into our business, we’re making real impact today and for 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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Deniza Cristian | 19/12/2022 | 18:45

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