MetLife’s Latest Sustainability Report Demonstrates How It Lives Its Purpose

Rhea-AI Summary

MetLife has published its 2023 Sustainability Report, showcasing significant achievements in alignment with its purpose of 'Always with you, building a more confident future.' The company exceeded its commitment to invest $1 billion in initiatives advancing diversity by achieving $1.4 billion between 2021 and 2023, well ahead of its 2030 target. Additionally, MetLife reported over $58.5 billion in responsible investments and surpassed $1 billion in contributions through the MetLife Foundation to support inclusive economic mobility and underserved communities. The report also highlighted MetLife's efforts in reducing emissions, enhancing energy efficiency, and promoting volunteerism, with over 144,000 volunteer hours completed globally in 2023. For more details, visit metlife.com/sustainability/.

NORTHAMPTON, MA / ACCESSWIRE / June 26, 2024 / MetLife published its annual 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.

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.

Media Contact
Olivia Janicelli, MetLife

Read More

View additional multimedia and more ESG storytelling from MetLife, Inc. on 3blmedia.com.

Contact Info:
Spokesperson: MetLife, Inc.
Website: https://www.3blmedia.com/profiles/metlife-inc
Email: info@3blmedia.com

SOURCE: MetLife, Inc.

View the original press release on accesswire.com

FAQ

What are the key achievements highlighted in MetLife's 2023 Sustainability Report?

Key achievements include exceeding $1.4 billion in diversity investments, securing over $58.5 billion in responsible investments, surpassing $1 billion in MetLife Foundation contributions, and completing more than 144,000 volunteer hours globally.

How much has MetLife invested in advancing diversity by 2023?

MetLife invested $1.4 billion in initiatives advancing diversity between 2021 and 2023, exceeding its $1 billion commitment years ahead of the 2030 target.

What amount of responsible investments did MetLife report for the year-end 2023?

MetLife reported over $58.5 billion in responsible investments focused on infrastructure, green, municipal bonds, affordable housing, and impact investments.

How has MetLife contributed to economic mobility and underserved communities?

The MetLife Foundation has surpassed $1 billion in total giving, supporting inclusive economic mobility and addressing needs of underserved communities globally.

How many volunteer hours did MetLife employees complete in 2023?

MetLife employees completed more than 144,000 volunteer hours globally in 2023.

What efforts has MetLife made to reduce emissions?

MetLife has focused on increasing energy efficiency, reducing office consumption, greening its vehicle fleets, and minimizing business travel to reduce emissions.