Net Zero

MetLife is working toward Net Zero greenhouse gas (GHG) emissions for its global operations and General Account (GA) investment portfolio by 2050 or sooner.¹

As a financial services provider, MetLife recognizes that environmental challenges can affect the well-being and financial future of our colleagues, our customers, our communities and our shareholders. Protecting human health, preserving natural resources and addressing climate issues help us drive sustainable growth, mitigate risk and create long-term value for our stakeholders. For years, MetLife has applied a range of strategies to reduce emissions generated by its operational footprint. MetLife is working to increase efficiencies, reduce risks and deliver sustainable growth while making progress toward its interim targets, which support its ambition to reach Net Zero GHG emissions across global operations and MetLife's GA investment portfolio by 2050 or sooner,¹ as part of delivering long-term value for our stakeholders.

This aspiration builds on our longstanding history of environmental stewardship, which entails working toward an inclusive, resilient and thriving environment for present and future generations. To help reduce emissions to as close to zero as possible in the coming decades, we are focusing on MetLife, Inc.’s global owned and leased offices and vehicle fleets, employee business travel, supply chain and certain assets in MetLife’s GA investment portfolio, which includes the general accounts of MetLife, Inc.’s wholly owned insurance company subsidiaries.

MetLife has voluntarily produced and publicly disclosed an inventory of GHG emissions from our operations for years. While reliable methodologies and data sets pertaining to certain emissions are not available at this time, we are committed to improving our data quality and tracking capabilities as standards and methodologies continue to evolve. Emissions calculations are informed by the GHG Protocol and Partnership for Carbon Accounting Financials (PCAF), unless otherwise directed by regulators. MetLife recognizes reaching Net Zero emissions depends not only on its own actions, but also those of counterparties and jurisdictions, as well as advancements in tools, data and technology.

Interim Targets²
(by 2030, unless otherwise indicated)

Operations

Reduce Scope 1, 2 and 3 business travel emissions by 50% from 2019 baseline.³


Reduced emissions by 44% compared to 2019 baseline through measures such as increasing energy efficiency; reducing consumption at offices and data centers; electrifying vehicle fleets; and reducing business travel, where possible.


Invested in high-performing, healthy and sustainable new workspaces.

Two-thirds of top suppliers by spend set emissions-reduction goals.⁴


Approximately 69% of top suppliers by spend have set goals.


Educated suppliers through, for example, our annual supply chain sustainability webinar and other resources about the benefits of disclosing environmental data and encouraged them to report through the annual CDP Supply Chain Program.

MetLife General Account Investments

Reduce financed emissions for real estate equity investments by 50% from 2019 baseline.⁵


Reduced location-based financed emissions intensity by 18% and absolute financed emissions by 9% since 2019, while growing the portfolio by 7.9 million square feet (learn more about MIM’s MetZero^TM Carbon Cascade^TM approach).


Leveraged ENERGY STAR^® tools and resources to analyze performance and identify efficiency opportunities at our properties.


Launched a data improvement campaign focused on data coverage and quality, which includes installing shadow meters and engaging tenants to improve building performance benchmarking.

Engage emitters responsible for at least 50% of public corporate debt financed emissions on climate annually.⁶


Engaged issuers responsible for 55% of financed emissions in public corporate debt portfolio in 2024 on climate-related issues.


Deepened credit analyst engagement on climate issues with portfolio holdings globally, including across key sectors such as utilities, basic materials, and oil and gas.

¹ See 2024 Sustainability Report Explanatory Note for additional details and information about MetLife’s GA assets under management (AUM).

² Information regarding our interim targets may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions and expectations that involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife, Inc.’s future results could differ materially from those it expresses or implies in forward-looking statements, and MetLife, Inc. does not undertake any obligation to publicly correct or update any of these statements.

³ Applies to global owned and leased offices, global vehicle fleets (Scope 1 and 2 emissions) and employee business travel (Scope 3 Category 6).

⁴ For the top 80% of MetLife suppliers by spend, target measures MetLife suppliers that set public commitments to reduce GHG emissions by 2025 or later, aligned with limiting global temperature rise to 2°C above pre-industrial times. Spend represents procurable spend with third-party suppliers. MetLife uses its own discretion for determining supplier alignment based on supplier’s reported emissions-reduction goal attributes, such as scope coverage, target year, base year and reduction percentage. Evaluation occurs on an annual basis.

⁵ Applies to MetLife’s financed emissions associated with its GA investment portfolio (Scope 3 Category 15). These are real estate equity assets, including several asset classes (offices, multifamily, industrial, retail, single family rentals, hotels and other property types). Emissions calculations are informed by PCAF and are associated with the underlying investment property’s Scope 1 and 2 emissions, and Scope 3 tenant emissions (including power that is directly generated or consumed on site) for real estate investments, where reliable data and methodologies are available. It should be noted that the Company generally recognizes the one-year lag in emissions information available and that real estate investment emissions reported by MetLife Investment Management, LLC and certain of its affiliates (MIM) for MetLife’s GA portfolio are separate and distinct from the operational emissions reported by MetLife for its corporate offices (both owned and leased). See 2024 Sustainability Report Explanatory Note for additional information about MetLife’s GA AUM.

⁶ Applies to MetLife's financed emissions associated with its GA public corporate debt portfolio (Scope 3 Category 15), where reliable data and methodologies are available. Public corporate debt consists of public corporates, emerging market debt and high yield. Percentage reflects engagement between January 1, 2024 and December 31, 2024, based on emissions data and position data as of year-end 2023. Year-end 2023 emissions data available represents 85% of the relevant sectors based on book value. See 2024 Sustainability Report Explanatory Note for additional information about MetLife’s GA AUM.

Net Zero

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