Our sustainability and environmental, social and governance (ESG) efforts are guided by strong governance and a shared responsibility across functions.
The Global Sustainability Function is responsible for overseeing MetLife Foundation’s portfolio of work, a broad array of ESG issues, production of MetLife’s annual sustainability report, as well as oversight of all ESG-focused thought leadership. Additionally, MetLife, Inc.’s Board of Directors (the Board) has a Governance and Corporate Responsibility Committee, tasked with various responsibilities, including:
- Reviewing MetLife’s goals and strategies for the contributions it makes in support of health, education, civic and cultural activities and initiatives, and similar purposes;
- Overseeing MetLife’s compliance responsibilities and activities, including its legislative and regulatory initiatives, sales practices, and ethics and compliance programs; and
- Overseeing MetLife’s policies concerning its corporate citizenship programs.
The Governance and Corporate Responsibility Committee regularly discusses ESG issues with Global Sustainability leadership. Sustainability is integrated across MetLife with each function expected to contribute to our strategic goals, monitor ESG risks and evaluate opportunities for better impact. For example, MetLife Investment Management (MIM), MetLife's institutional investment management business, believes that material ESG factors have an impact on investment performance and are important considerations to effectively manage risk and achieve MetLife’s, as well as MIM’s institutional investment management clients’, investment objectives. MIM's Sustainable Investment Strategies team leads the development, implementation, and oversight of MIM’s sustainable investment strategy and acts as an advisor to MetLife’s sustainability functions and MIM’s investment teams. Led by a senior vice president, the Sustainable Investment Strategies team seeks to ensure that MIM’s asset originators, portfolio managers, and credit analysts implement MIM’s responsible investing practices and adhere to MIM’s ESG Investment Policy. All ESG integration efforts are supported by this team and the ESG Integration Council.
Learn more in our 2019 Sustainability Report >
Learn more about MIM's ESG Investment Policy >