MetLife’s annual sustainability report, released today, shows how the company continues to embed sustainability across its operations, including through its 2030 climate and diversity commitments , equity and inclusion (DEI) in 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.