MetLife Financing Framework
MetLife has a longstanding commitment to environmental, social, and governance practices. MetLife’s Sustainable Financing Framework facilitates alignment of MetLife’s business and investment activities to support and drive a more sustainable future.
MetLife’s Framework is consistent with the International Capital Markets Association Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines. In 2020, Metropolitan Life Insurance Company issued a $750 million green funding agreement under the Framework, securing the U.S. insurance industry’s first green funding agreement-backed note issued by Metropolitan Life Global Funding I. MetLife intends to allocate amounts equal to proceeds from sustainable financings under the Framework towards green and/or social assets from eligible categories including:
- renewable energy,
- energy efficiency,
- green buildings,
- clean transportation,
- sustainable water and wastewater management,
- pollution prevention and control,
- environmentally sustainable management of living natural resources and land use,
- access to essential services, and
- affordable housing.
Sustainable Financing Framework>
Second Party Opinion by Sustainalytics>