MetLife Named to FTSE4Good Index
July 25 2019 - 3:37PM
Business Wire
MetLife, Inc. (NYSE:MET) announced today that it has been named
to the FTSE4Good Index, which highlights companies with strong
environmental, social and governance (ESG) practices.
Created in 2001 by FTSE Russell, a wholly owned subsidiary of
London Stock Exchange Group, the FTSE4Good Index helps promote a
greater focus on sustainability among businesses and investors.
“MetLife’s inclusion in the FTSE4Good Index reflects our
longstanding commitment to managing critical ESG issues sustainably
and effectively,” said Chief Sustainability Officer Tim Ring. “How
we manage our investments and environmental issues, and our efforts
to improve financial health and support our talent, all help us
deliver on our purpose and enhance the impact we have on
society.”
FTSE Russell evaluates companies across several ESG factors.
Overall, MetLife rated above average for the life insurance
industry and substantially higher than the average for the
financial services industry. When looking at individual score
components, MetLife received especially high marks — well above the
life insurance industry average — on issues such as risk management
and environmental stewardship.
On governance, MetLife separated its Chairman and CEO roles in
2019. On operational risk, the company in 2018 expanded its
Enterprise Risk Committee — which identifies and mitigates material
risks to MetLife — to include senior leadership from all business
units.
MetLife also has a longstanding commitment to environmental
stewardship and supports a wide range of low-carbon initiatives. In
2018, it invested more than $1.1 billion in green initiatives,
bringing its total portfolio of green investments to nearly $17
billion. At year-end 2018, these investments included equity stakes
in 60 LEED-certified real estate properties, along with ownership
stakes in close to 40 wind and solar farms powering almost 1.5
million homes.
You can read more about MetLife’s approach to climate change in
the company’s statement on the topic.
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 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. For more information,
visit www.metlife.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190725005810/en/
Meredith Hyland Meredith.Hyland@metlife.com 212-578-9415
MetLife (NYSE:MET)
Historical Stock Chart
From Mar 2024 to Apr 2024
MetLife (NYSE:MET)
Historical Stock Chart
From Apr 2023 to Apr 2024