MetLife to originate $500m in social and environmental impact investments by 2030

Written by Adam Cadle

23/06/2021

MetLife is to originate $500m in social and environmental impact investments by 2030.

In its annual Sustainability Report released today, MetLife said in addition to allocating 25% of this commitment to addressing climate change, it 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 highlighted MetLife’s commitment to fostering a more diverse, equitable, and inclusive workplace and society. In 2020, MetLife was the first US-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% of MetLife’s workforce, 33% of its board of directors, 30% of its executive group, and 42% 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,” MetLife President and CEO Michel Khalaf said.

“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.”

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