MetLife to Originate $500 Million in Social and Environmental Impact Investments By 2030
June 22 2021 - 9:00PM
Business Wire
Latest Sustainability Report Highlights
MetLife’s Actions to Advance Diversity, Equity and Inclusion in the
Workplace and Society
In its newly released annual Sustainability Report, 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.
“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.
- 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, and we
have and estimated fair value of USD100 million in impact
investments that support diverse communities and racial
equity.
- 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.
- 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.
“Asia, with its combination of fast-growing and developed
markets, presents many exciting prospects for our industry. At
MetLife, we believe this opportunity comes with a responsibility to
find a sustainable path for growth: through our investments, our
products, and participation in our communities, to ensure future
generations can continue to prosper,” said MetLife Asia President,
Kishore Ponnavolu.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210622005568/en/
Yvette Marmur +61 481 454 449 ymarmur@metlife.com
MetLife (NYSE:MET)
Historical Stock Chart
From Aug 2024 to Sep 2024
MetLife (NYSE:MET)
Historical Stock Chart
From Sep 2023 to Sep 2024