The MetLife Group, which includes one of the main players in the life insurance market in Romania, Metropolitan Life, has published its annual Sustainability Report, which highlights the company’s actions to integrate sustainability in all its operations. Pursuing the organizational purpose “Always with you, building a more confident future”, MetLife focuses its efforts on building a safer and more sustainable future through its team, its financial protection products and services, and its investments.
At MetLife Group, sustainability is responsible business management and supporting people throughout their lives. To support advancing progress toward a sustainable future, MetLife has aligned its sustainability strategy with a subset of the United Nations Sustainable Development Goals relevant to its business and established a set of specific commitments. “Our goal to contribute to a more sustainable and confident future inspires the entire MetLife team and generates long-term value for all parties involved. For more than 156 years, we have been a responsible company and a source of stability, and the actions we are taking today reflect our ability to consistently act for all stakeholders for years to come.” said MetLife President and CEO Michel Khalaf.
The MetLife Group is strongly committed to sustainability actions, adopting policies and initiatives aimed at reducing environmental impact, supporting communities and promoting social responsibility. MetLife’s Annual Sustainability Report includes:
- Exceeding its commitment to attract $1 billion in investments that support diversity development, years ahead of its 2030 target, achieving more than $1.4 billion invested between 2021 and 2023;
- Reducing emissions by increasing energy efficiency and reducing its consumption within the premises, integrating fleets of electric vehicles into the business and reducing business trips, where possible;
- Allocating more than $58.5 billion in responsible investments through the MetLife General Account as of year-end 2023, with a focus on key areas of infrastructure, sustainable municipal bonds, affordable housing and impact investing;
- Exceeding $1 billion in donations from the MetLife Foundation, for its work that generates inclusive economic mobility and addresses the needs of underserved communities around the world;
- Completion of more than 144,000 volunteer hours globally in 2023, generated by the care and passion of our colleagues to give back to the community.
Metropolitan Life continually affirms its strong commitment to environmental conservation and supporting local communities through numerous sustainable and responsible initiatives, in line with the mission of the MetLife Group of which it is a part. In the last 25 years, the company has allocated over 3.3 million euros in financial education programs, social inclusion of disadvantaged young people and children, but also in sustainability actions, contributing to the development of local communities and improving the quality of life. Metropolitan Life also enjoys achievements that demonstrate the care and protection offered to people, both customers and employees, with the company achieving the “Great Place To Work” Certification in 2023 and in the same year, multiple Seramount recognitions for organizational culture and inclusion practices in team.
“Metropolitan Life, as a reliable partner of Romanians, contributes to the creation of a sustainable and safe life, by implementing initiatives that protect the environment and support local communities. We believe that economic prosperity must harmoniously coexist with environmental protection and societal well-being. Through our programs to reduce the impact on the environment and by supporting educational and social inclusion projects, we are dedicated to building a more confident future,” said Carmina Dragomir, CEO of Metropolitan Life.
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 clients build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leadership positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com. In Romania, Metropolitan Life has over 25 years of activity on the life insurance market. Over 4 million customers benefit from life insurance and compulsory private pensions offered by Metropolitan Life locally.
