MetLife to Originate $500 Million in Social and Environmental Impact Investments By 2030
June 22 2021 - 9:00AM
Business Wire
Latest Sustainability Report Highlights
MetLife’s Actions to Advance Diversity, Equity and Inclusion in the
Workplace and Society
In its annual Sustainability Report, released today, MetLife
highlights its commitment to originating $500 million in new impact
investments by 2030. In addition to allocating 25% of this
commitment to addressing climate change, MetLife will focus on
promoting the financial health of underserved people, which
includes advancing racial and gender equity in low-income and
ethnically diverse communities.
The report highlights MetLife’s commitment to fostering a more
diverse, equitable, and inclusive workplace and society. In 2020,
MetLife was the first U.S.-based insurer to sign the UN Women’s
Empowerment Principles, which have informed the company’s action
plans to close gender gaps in the areas of leadership, workplace,
marketplace, and community. Globally as of year-end 2020, women
represented 52 percent of MetLife’s workforce, 33 percent of its
Board of Directors, 30 percent of its Executive Group, and 42
percent of managers.
“As a global insurer and purpose-driven company, we strive to
create a more confident and sustainable future for all of our
stakeholders,” said MetLife President and CEO Michel Khalaf.
“Building on our 153-year legacy of creating financial security, we
are strengthening our commitments to the environment and climate,
equity and inclusivity, health and well-being, and economic growth
for disadvantaged communities.”
The report covers MetLife’s efforts to create positive change
across the more than 40 markets where the company operates.
Milestones from 2020 include:
- Through premium credits and contributions, MetLife and MetLife
Foundation provided more than a quarter billion dollars of relief
to help people around the world cope with the impacts of
COVID-19.
- MetLife and MetLife Investment Management sustained job growth,
wealth creation, and financial stability by investing $659.6
billion in total assets under management for policyholders and
clients.
- MetLife Foundation committed an additional $5 million over
three years to promote Black educational and career opportunities,
Black business ownership, and racial justice initiatives,
supplementing $10 million in existing annual contributions to
support diverse communities and racial equity. MetLife also
launched EXCELERATE, a talent stewardship program to accelerate
mid-level Black and Latino employees into officer-level roles at
the company.
- As part of 11 new environmental goals, MetLife committed to
reducing location-based GHG emissions by an additional 30 percent
from 2019 to 2030, and originating $20 billion of new green
investments such as renewable energy, LEED-certified buildings, and
green bonds by 2030. MetLife’s operations have been carbon neutral
since 2016 and its green investments now exceed $28.7 billion and
include energy-efficient real estate and renewable energy
projects.
- MetLife launched a Sustainable Financing Framework to further
align its investment and business priorities, and issued a $750
million green funding agreement, securing the U.S. insurance
industry’s first green funding agreement-backed note.
“We believe sustainability must be central to our business
strategy and a guiding force behind every aspect of our
operations,” said MetLife Chief Sustainability Officer Jon Richter.
“The full scope of our people, products and services, investments,
and community efforts help us serve as a force for good in the
world.”
To read the 2020 Sustainability Report and learn more about
MetLife’s commitments, visit metlife.com/sustainability.
About MetLife 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 its individual and institutional customers navigate their
changing world. Founded in 1868, MetLife has operations in more
than 40 markets globally and holds leading positions in the United
States, Japan, Latin America, Asia, Europe and the Middle East. For
more information, visit www.metlife.com
Forward-Looking Statements The
forward-looking statements in this news release, such as “believe,”
“committed to,” “commitment,” and “will,” are based on assumptions
and expectations that involve risks and uncertainties, including
the “Risk Factors” MetLife, Inc. describes in its U.S. Securities
and Exchange Commission filings. MetLife’s future results could
differ, and it has no obligation to correct or update any of these
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210622005297/en/
Rachel Pokay 331-452-4122 rpokay@metlife.com
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