MetLife

RATING

SECTOR

Diversified Insurance

WEBSITE

CONTACT

200 Park Ave

New York

NY 10017

United States

T: 212-578-2211

STOCK EXCHANGE

LISTING

  • RobecoSAM and Dow Jones – Dow Jones Sustainability Index – North America
  • Newsweek Magazine, “Green Company Rankings” – No. 1 insurance company in the world and in the U.S. for environmental performance
  • Carbon Disclosure Project – 1st U.S. Insurer to Achieve Carbon Neutrality
  • JUST Capital – Americas Most JUST Companies
  • FTSE4Good Index
  • Corporate Knights – Global 100 Most Sustainable Companies
  • Bloomberg Financial Services Gender-Equality Index (2016 – 2019)
  • Disability Equality Index – Best Place to Work for Disability Inclusion (2017 – 2019)
  • DiversityBusiness.com – America’s Top 50 Organizations for Multicultural Business Opportunities (2013 – 2016)
  • DiversityInc. – Top 50 Companies for Diversity (2005, 2009, 2010, 2012), 25 Noteworthy Companies (2006-2008; 2011, 2014)
  • Hispanic Association on Corporate Responsibility – Corporate Inclusion Index (2012 – 2018)
  • Human Rights Campaign – Best Places to Work for LGBT Equality (perfect score 2004 – 2019)
  • INROADS – Top 10 Corporate Clients (2003 – 2017)
  • LATINA Style Magazine – Best Companies for Latinas (1998 – 1999 and 2008 – 2018)
  • Mogul’s Top 100 Innovators in Diversity & Inclusion (2018)
  • National Association for Female Executives – Top Companies for Executive Women (2006 – 2012, 2016 – 2018)
  • Working Mother and AVTAR – 100 Best Companies for Women in India (2016 – 2018)

EMPLOYEES

48,000

CHIEF SUSTAINABILITY OFFICER

Tim Ring

AWARDS

  • EcoVadis 2018 Silver Rating – Supplier Sustainability for Global Supply Chains
  • Environmental Protection Agency (EPA) – Climate Leadership Award
  • Excellence in Greenhouse Gas Management – Goal Setting Certificate
  • J.D. Power – Certified Customer Service P&C and RIS
  • Dave Thomas Foundation for Adoption – Best Adoption-Friendly Workplaces (2008 – 2018)
  • G.I. Jobs – Military Friendly Employers (2013 – 2020), Military Friendly Spouse Employers (2017 – 2019)

CONTENT SOURCE

FURTHER READING

MetLife

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

According to the company: “The MetLife companies are a leading innovator and a recognized leader in protection planning and retirement and savings solutions around the world. They have established a strong presence in nearly 50 countries through organic growth, acquisitions, joint ventures, and other partnerships. They are strengthening our global brand by extending core products and competencies to markets around the world – an important driver of growth for the enterprise.

Around the world, the MetLife companies offer life, accident and health insurance, retirement and savings products through agents, third-party distributors such as banks and brokers, and direct marketing channels. They work with families, corporations and governments to provide them with solutions that offer financial guarantees in their lives. Their name is recognized and trusted by approximately 100 million customers worldwide and we serve more than 90 of the top 100 FORTUNE 500® companies in the United States. They have the experience, global resources, and vision to provide financial certainties for an uncertain world.

MetLife, Inc., 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 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe, and the Middle East.”

Company Sustainable Activity

According to the company: “In 2018, we became founding members of the Climate Leadership Council, a collaboration among policy, business and environmental leaders to promote an equitable, cost-effective climate solution for the U.S. economy.

Their sustainability journey has taught them  bold environmental goals drive innovation, ambition and effective solutions. In 2018, they maintained their carbon neutral status by continuing to improve operational efficiency and finance carbon offset projects around the world. They are on target to exceed their 2020 energy and climate goals by implementing energy efficiency projects and investing in green building design, sustainable behavior campaigns, and real estate consolidation.

MetLife’s Global Sustainability Team, within Global Technology & Operations, oversees environmental management, energy efficiency, and performance, including engaging employees and suppliers. Risk Management monitors potential disruptions to our operations and supplies chain from climate change, such as natural disasters and health crises, while our business continuity, facilities, and crisis management teams prepare for such eventualities.

Certificates

Drove green and healthy building best practices, achieving three new LEED certifications (2018, MetLife held equity stakes in 60 LEED-certified real estate properties ) – 21 total LEED certified offices, including 10 LEED Platinum buildings.

Sustainable Development Goals

How company covers SDGs

  • SDG 1: MetLife Foundation’s financial health activities support Target 1.4, ensuring everyone has access to economic resources and financial services. 
  • SDG 3: At all ages MetLife’s employee wellness efforts, as well as its product offerings around the world, support SDG Target 3.8 – achieving universal health coverage, financial protection and access to healthcare services for all. 
  • SDG 5: MetLife’s Global Women’s Initiative supports SDG Target 5.5 – ensuring opportunities for women’s participation in leadership. 
  • SDG 7: MetLife’s investments in renewable energy and green buildings support SDG Target 7.2 – increasing the global share of renewable energy, and SDG Target 7.3 – doubling improvements in energy efficiency. 
  • SDG 8: MetLife’s partnerships to reach customers in global markets support SDG Target 8.10 – strengthening the capacity of financial institutions to expand access to financial services. 
  • SDG 9: MetLife’s efforts to expand access to its services among underserved communities support SDG Target 9.3 – increasing the access of small-scale enterprises to financial services and their integration into markets. 
  • SDG 10: MetLife’s thought leadership on policy issues supports SDG Target 10.5 – improving the regulation of global financial markets.
  • SDG 11: MetLife’s community and affordable housing investments support SDG Target 11.1 – ensuring access to safe and affordable housing. 
  • SDG 12: MetLife’s environmental initiatives and corporate reporting support SDG Target 12.6 – encouraging companies to adopt sustainable practices and to integrate sustainability information into their reporting cycle. 
  • SDG 13: MetLife’s work to achieve its environmental goals supports SDG Target 13.3 –  increasing awareness of and capacity for climate change mitigation and adaptation. 
  • SDG 16: MetLife’s programs to maintain its ethical culture support SDG Target 16.6 – developing accountable and transparent institutions.

Progress

2018 HIGHLIGHTS 

→ Investing in Society 

  • Increased Responsible Investments 1 to more than $52 billion, representing more than 8 percent of Total Assets Under Management 2 at the end of 2018
  • Joined the Global Impact Investing Network (GIIN) 
  • MetLife Investment Management (MIM) signed onto Principles for Responsible Investment (PRI) as an investment manager and formed a cross functional Environmental, Social, Governance (ESG) Integration Council

→ Ensuring Sound Governance and Risk Management 

  • Announced that MetLife will separate the CEO and Chairman roles in 2019 to promote board independence 
  • Enhanced focus on operational risk by expanding the Enterprise Risk Committee (ERC) — which identifies and mitigates all material risks to MetLife — to include senior leadership from all business units, including Global Technology & Operations 
  • Updated enterprise risk appetite statements 
  • Trained senior leaders and piloted a course for new employees on managing risk, building an ownership mindset and speaking up 

→ Delivering for Customers 

  • Launched 360 Health, providing customers with end-to-end health solutions to help them prevent, diagnose, treat and manage serious health conditions 
  • Launched PlanSmart ® Financial Wellness, a step-by-step personalized approach to financial wellness that provides consumers with education and guidance online, in person and over the phone to help them achieve individual goals 
  • Deployed mobile apps that enable people to submit insurance claims by smartphone

→ Investing in Employees 

  • Committed to increase MetLife’s minimum wage level, establish a minimum life insurance benefit, and set a minimum credit of $3600 annually to the company pension plan 
  • Announced a $10 million Workforce of the Future Development Fund to deliver learning programs focused on digital skills, innovation and collaboration 
  • Updated the MyLearning platform, online knowledge and skills development curriculum offering employees a personalized learning pathway

→ Protecting the Environment 

  • Joined the Climate Leadership Council as a founding member. This coalition of businesses, NGOs and prominent individuals promotes a steadily increasing price on carbon to help address climate change 
  • Mobilized 10,000+ employees in almost 30 countries to promote responsible environmental stewardship through MetLife’s Our Green Impact program 
  • Drove green and healthy building best practices, achieving three new LEED certifications

→ MetLife Foundation: Building Financial Health for All 

  • Fulfilled five-year commitment to provide $200 million in global financial inclusion grants  
  • Contributed $44 million to improve financial health and build stronger communities through MetLife Foundation, MetLife, Fundación MetLife México and MetLife Foundation Korea 
  • Empowered MetLife employees to volunteer more than 99,000 hours to organizations that improve lives — 40 percent of these hours supported financial health efforts

Metlife Inc is an insurance company, and a recognized agent in protection planning and retirement and savings solutions around the world. Its company practices are unique to all its competitors. Metlife is very much aligned with UN Sustainable development goals and has much recognition and has won many awards.

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