MetLife Releases Update on Environmental, Social and Governance Issues
September 22 2015 - 10:30AM
Business Wire
Publishes Annual Corporate Responsibility
Report – Global Impact
MetLife, Inc. (NYSE:MET) today announced the release of the
company’s latest corporate responsibility report, highlighting the
positive impact it makes on society while achieving its core
business goals of managing risk and meeting its long-term financial
commitments.
The report, titled Global Impact, provides a progress update on
last year’s report and includes information on how the company
performs on multiple environmental, social and governance issues,
including social impact investments, customer service, product
access, employee programs, workplace diversity, environmental
stewardship and philanthropy.
“We are pleased to share some of the ways MetLife manages the
business to create value for our customers, employees and
communities around the world,” said Mike Zarcone, executive vice
president and head of Corporate Affairs. “MetLife has a nearly
150-year legacy of operating as a responsible corporate citizen,
and this report highlights how we continue to live up to that high
standard today.”
Some highlights from the report include:
Protecting the Environment:
- Since 2005, MetLife has reduced energy
consumption by 25 percent and indirect greenhouse gas emissions by
100 percent for its U.S. owned and managed office portfolio.
- MetLife now holds equity stakes in 46
LEED certified properties, and 100 percent of its owned and
operated offices in the U.S. are ENERGY STAR certified.
- More than 5,000 MetLife employees
across 25 offices participated in Earth Week 2014 activities.
- Since 2003, MetLife has invested $2.9
billion in renewable energy projects and now has ownership stakes
in more than 25 wind and solar farms that produce enough clean
energy to power 1 million homes.
Advancing Stability in Communities:
- MetLife has more than $1.5 billion in
community and affordable housing investments (2014 fair value) and
provided more than $3.5 billion in agricultural loans originated to
farmers and ranchers in 2014.
- MetLife Foundation provided more than
$27 million in financial inclusion grants in year two of its $200
million, five-year commitment. In addition, nearly $14 million was
provided to community development, youth and education, civic and
cultural engagement and other community initiatives.
- More than 7,300 MetLife employees
volunteered over 62,000 hours in communities across 23 countries in
2014.
Serving Customers:
- MetLife served approximately 100
million customers from around the world in 2014 and provided
financial products and services to 93 of the top 100 of Fortune
500® companies.
- MetLife improved its customer service
ratings scores (Net Promoter Scores®) by 33 percent.
- The company invested $300 million in
technology to improve the customer experience and business
operations.
Global Impact has been prepared in accordance with the latest
guidelines published by the Global Reporting Initiative (GRI), the
nonprofit organization that sets the standard for sustainability
reporting. The GRI Guidelines provide a globally recognized
framework for companies to measure and communicate their
environmental, economic, social and governance performance. By
using this framework, MetLife joins thousands of companies around
the world in quantifying the benefits and impacts of its business
activities.
To view Global Impact, please visit
www.metlifeglobalimpact.com.
About MetLife
MetLife, Inc. (NYSE:MET), through its subsidiaries and
affiliates (“MetLife”), is one of the largest life insurance
companies in the world. Founded in 1868, MetLife is a global
provider of life insurance, annuities, employee benefits and asset
management. Serving approximately 100 million customers, MetLife
has operations in nearly 50 countries and holds leading market
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information, visit
www.metlife.com.
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MetLife, Inc.Jon Richter, (212) 578-5370
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