METLIFE INVESTMENT MANAGEMENT BECOMES SIGNATORY TO THE PRINCIPLES FOR RESPONSIBLE INVESTMENT
WHIPPANY, N.J., March 20, 2019
MetLife Investment Management (MIM), MetLife, Inc.’s (NYSE: MET) institutional asset management business, today announced that it has become a signatory to the Principles for Responsible Investment (PRI). The PRI is a global framework that outlines key considerations in the investment decision-making process, with a specific focus on environmental, social and governance (ESG) factors.
As a long-term investor, MIM has always incorporated ESG factors into the investment decision-making process. In 2015, MIM implemented a formal ESG policy in recognition of the growing importance among MetLife’s shareholders, stakeholders and institutional asset management clients. Logan Circle Partners, which was acquired by MIM in 2017, also became a signatory to the PRI in 2014.
Nancy Mueller Handal, senior managing director and head of Private Fixed Income & Alternatives and Sustainable Investment Strategies at MIM, noted: “We have always taken a thoughtful and considered approach when making investment decisions. Understanding how environmental, social and governance factors impact our investments has long formed a fundamental part of our underwriting process, so we’re pleased to have added to our existing approach a robust set of principles such as the PRI.”
MIM joins a global network of PRI signatories who have each agreed to incorporate six core principles:
- We will incorporate ESG issues into investment analysis and decision-making processes;
- We will be active owners and incorporate ESG issues into our ownership policies and practices;
- We will seek appropriate disclosure on ESG issues by the entities in which we invest;
- We will promote acceptance and implementation of the Principles within the investment industry;
- We will work together to enhance our effectiveness in implementing the Principles;
- We will each report on our activities and progress towards implementing the Principles.
To learn more about MetLife’s corporate social responsibility and sustainability platform, please click here.
About MetLife Investment Management
MetLife Investment Management, MetLife, Inc.’s institutional asset management business, is a global fixed income and real estate manager providing differentiated investment solutions to institutional investors worldwide. MetLife Investment Management provides institutional investors including corporate and government pension plans, insurance companies and other financial institutions with long-term public and private investment and financing solutions, and leverages a disciplined credit research and underwriting process to provide institutional investors with asset origination and acquisition opportunities and proprietary risk management analytics across public fixed income strategies, private placements, and commercial real estate debt and equity investing, among others. For more information, visit https://investments.metlife.com.
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.
Forward-Looking Statements
This news release may contain or refer to forward-looking statements. Forward-looking statements give expectations or forecasts of the future using terms such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will,” and other terms tied to future periods. Results could differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements are based on assumptions and expectations. They involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. The company has no obligation to correct or update any forward-looking statement. Parts of this news release may include additional information on forward-looking statements. This news release may also contain measures that are not calculated based on accounting principles generally accepted in the United States of America, or GAAP.