MetLife Publishes Annual Sustainability Report Highlighting Efforts to Build More Confident Futures for Its Stakeholders

Rhea-AI Summary

MetLife (NYSE: MET) has released its 2023 Sustainability Report, highlighting its efforts to promote long-term value through responsible business practices. Key achievements include $1.4 billion in diversity-focused investments, $58.5 billion in responsible investments, and exceeding $1 billion in philanthropic contributions by the MetLife Foundation. The report also details efforts to reduce emissions and enhance energy efficiency, as well as MetLife employees' contribution of over 144,000 volunteer hours in 2023. CEO Michel Khalaf emphasized the company's commitment to sustainability to better serve stakeholders and align with the UN's Sustainable Development Goals.

Positive

• $1.4 billion in diversity-focused investments exceeding the 2030 target.
• $58.5 billion in responsible investments in MetLife’s General Account by end of 2023.
• $1 billion in all-time giving by MetLife Foundation.
• 144,000 volunteer hours completed globally in 2023.

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• None.

NEW YORK--(BUSINESS WIRE)-- MetLife, Inc. (NYSE: MET) today published its 2023 Sustainability Report on how the company is living its purpose – Always with you, building a more confident future – through the strength of its people, products, services, and investments.

At MetLife, sustainability means managing business responsibly and sustaining people throughout their lives. To help drive progress toward a sustainable future, MetLife has aligned its sustainability strategy with a subset of the United Nations Sustainable Development Goals that are most relevant to its business and established a set of Sustainability Commitments.

“Our purpose inspires our people and drives long-term value for all our stakeholders,” said MetLife President and CEO Michel Khalaf. “We have been a responsible business and a source of stability for more than 156 years, and the actions we take today reflect our ability to consistently deliver for all our stakeholders for years to come."

The 2023 Sustainability Report details how MetLife brings its purpose to life to make progress against its commitments by:

• Exceeding its commitment to drive $1 billion in investments that advance diversity years ahead of its 2030 target, with more than $1.4 billion invested between 2021 and 2023.

• Reducing emissions by increasing energy efficiency and reducing consumption at offices, greening its vehicle fleets and reducing business travel, where possible.

• Securing more than $58.5 billion in responsible investments in MetLife’s General Account as of year-end 2023, focused on the core areas of infrastructure, green, municipal bonds, affordable housing and impact investments.

• Surpassing $1 billion in all-time giving by MetLife Foundation, for its work driving inclusive economic mobility and addressing the needs of underserved communities around the world.

• Completing more than 144,000 volunteer hours globally in 2023, driven by the passion of MetLife colleagues.

To read the 2023 Sustainability Report and learn more about how MetLife is creating value for its stakeholders through its sustainability impact, 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 individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit www.metlife.com.

Forward-Looking Statements

The forward-looking statements in this news release, using words such as “commitment,” “consistently,” “long-term,” and “target” 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 does not undertake any obligation to publicly correct or update any of these statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240624051140/en/

For Media:

Olivia Janicelli

(212) 578-3547

olivia.janicelli@metlife.com

Source: MetLife, Inc.

FAQ

What is the value of MetLife's diversity-focused investments as highlighted in the 2023 Sustainability Report?

MetLife's diversity-focused investments have reached $1.4 billion, exceeding its 2030 target.

How much has MetLife invested in responsible investments according to the 2023 Sustainability Report?

MetLife has secured more than $58.5 billion in responsible investments as of year-end 2023.

What milestone has the MetLife Foundation achieved in terms of philanthropic contributions?

The MetLife Foundation has surpassed $1 billion in all-time giving.

How many volunteer hours did MetLife employees contribute globally in 2023?

MetLife employees globally contributed over 144,000 volunteer hours in 2023.

What are some areas of focus for MetLife's responsible investments?

MetLife's responsible investments focus on infrastructure, green initiatives, municipal bonds, affordable housing, and impact investments.