Public Profile

Metlife

MetLife, Inc., a leading global provider of insurance, annuities, and employee benefit programmes, is headquartered in the United States. Founded in 1868, MetLife has established a strong presence in major operational regions, including North America, Europe, and Asia. The company is renowned for its diverse range of core products and services, which include life insurance, dental and vision plans, and retirement solutions, all designed to meet the evolving needs of individuals and businesses. With a commitment to innovation and customer-centric solutions, MetLife has achieved significant milestones, including its recognition as one of the largest life insurers in the world. The company’s focus on digital transformation and sustainability further enhances its market position, making it a trusted choice for millions seeking financial security and peace of mind.

DitchCarbon Score

How does Metlife's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

59

Industry Average

Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

27

Industry Benchmark

Metlife's score of 59 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.

98%

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Metlife's reported carbon emissions

In 2023, MetLife reported total carbon emissions of approximately 66,651,000 kg CO2e, with emissions distributed across various scopes: 12,853,000 kg CO2e from Scope 1, 7,687,000 kg CO2e from Scope 2, and significant contributions from Scope 3, particularly in business travel at 59,708,000 kg CO2e. MetLife has set ambitious climate commitments, aiming to achieve carbon neutrality in its operations by 2030. This includes a target to reduce Scope 1 and Scope 2 emissions by 50% from a 2020 baseline by 2030. Additionally, the company plans to cut Scope 3 business travel emissions by 50% from a 2019 baseline by the same year. From 2019 to 2023, MetLife successfully reduced its emissions by 44% across its offices and business travel, demonstrating a strong commitment to sustainability. Looking further ahead, MetLife has pledged to reach net-zero greenhouse gas emissions for its global operations and investment portfolio by 2050 or sooner. These initiatives reflect MetLife's proactive approach to addressing climate change and reducing its carbon footprint, aligning with industry standards and expectations for corporate responsibility.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201520162017201820192020202120222023
Scope 1
19,780,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 2
110,670,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
0,000,000
0,000,000
0,000,000
Scope 3
36,166,000
00,000,000
000,000,000
000,000,000
000,000,000
00,000,000
00,000,000
000,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Metlife's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Metlife is in US, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Metlife is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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