Climate change risks have the potential to impact MetLife’s business, physical operations, investments, and supply chain. Addressing climate change effectively requires collaboration with multiple stakeholders around the world.
Climate change risks — such as impacts from extreme weather events, disruptions in energy supply, or carbon legislation — have the potential to impact MetLife’s business, physical operations, investments, and supply chain. We believe addressing climate change is beneficial for the health and well-being of our customers, employees, and communities. That is why we were a founding member of and an active participant in 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.
In the property and casualty line of business, MetLife has long recognized the possibility that catastrophe-related losses may vary significantly from expected amounts. In response, we have historically monitored, and continue to monitor, our spread of risk monthly. We conduct analyses and climate modeling to identify the geographic areas that could produce the largest catastrophe losses.
For more information on our work on climate change, please read our statement on climate change.