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OrganisationsMetlife
Metlife logo

Metlife

Insurance ServicesUnited States
Last verified 4 days agometlife.com

MetLife, Inc., a leading global provider of insurance and pension funding services, is headquartered in the United States. Founded in 1868, the company has established a strong presence in various regions, including North America, Europe, and Asia, offering a diverse range of financial solutions.

Specialising in life insurance, annuities, employee benefits, and asset management, MetLife distinguishes itself through its commitment to innovation and customer-centric services. The company has achieved significant milestones, including its status as one of the largest life insurers in the world, reflecting its robust market position and dedication to meeting the evolving needs of its clients. With a focus on providing comprehensive financial security, MetLife continues to be a trusted partner for individuals and businesses alike.

52
DitchCarbon score

+13 vs industry average

Metlife’s score of 52 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Insurance Services is among the least carbon-intensive industries

Industry performance

0.058
20182025

The Insurance Services industry has reduced its overall emissions by 25% since 2018

Emissions trajectory 2020 – 2027

000M000.0M000.0M000.0M0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Metlife's reported carbon emissions

MetLife, headquartered in the US and operating within the Insurance and pension funding services sector, reported a total of approximately 26.7 billion kg CO2e in 2024. This figure encompasses Scope 1, 2, and 3 emissions. For the same year, Scope 1 emissions were approximately 10.6 billion kg CO2e, and Scope 2 emissions (market-based) were around 8 million kg CO2e, with location-based Scope 2 emissions at approximately 38.4 million kg CO2e. Scope 3 emissions for business travel amounted to approximately 24.3 million kg CO2e in 2024.

In 2022, MetLife's Scope 3 emissions included approximately 344.9 million kg CO2e from purchased goods and services, alongside 8.3 million kg CO2e from capital goods, 7.1 million kg CO2e from business travel, and 8.5 million kg CO2e from downstream leased assets. Emissions from fuel and energy-related activities were approximately 13 million kg CO2e, upstream transportation and distribution contributed around 7.4 million kg CO2e, and downstream transportation and distribution accounted for approximately 1.6 million kg CO2e. Waste generated in operations was approximately 439,000 kg CO2e.

MetLife has established several climate commitments. The company aims to achieve carbon neutrality in its operations by 2030. Additionally, MetLife targets a 50% reduction in Scope 1 and 2 emissions from a 2020 baseline by 2030. This reduction initiative applies to its real estate equity investments as well. Furthermore, MetLife is committed to achieving Net Zero greenhouse gas (GHG) emissions for its global operations and General Account investment portfolio by 2050 or sooner. A near-term goal is to reduce Scope 1, 2, and 3 business travel emissions by 50% from a 2019 baseline by 2030. MetLife also reported reducing emissions by 44% across its offices and business travel between 2019 and 2023. Previous targets included a 10% reduction in location-based GHG emissions from a 2012 baseline by 2020, encompassing global offices, fleet, and business travel.

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Metlife’s Climate Goals (2030 & 2050)

6 goals

2050

Net Zero greenhouse gas (GHG) emissions for its global opera…

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

At risk0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

1 of 15 categories disclosed
Business Travel100%
Business Travel100%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Metlife logoMetlife
USInsurance Services
4 days ago
52
Zurich logoZurich
CHInsurance Services
5 days ago
100
View
Aetna logoAetna
USHealth Services
4 days ago
91
View
Travelers logoTravelers
USInsurance Services
5 days ago
68
View
Chubb logoChubb
USBusiness Services
5 days ago
55
View
Old Mutual logoOld Mutual
ZAFinancial Intermediation
2 days ago
53
View
Wells Fargo logoWells Fargo
USCommercial Banking
5 days ago
52
View

Frequently asked questions

Common questions about Metlife’s sustainability data and climate commitments

MetLife has committed to achieving carbon neutrality in its global operations by around 2030. The company aims to reduce Scope 1 and 2 emissions by roughly 50% from a 2020 baseline by 2030, including its real estate investments. Additionally, it plans to maintain carbon neutrality annually for its offices, fleet, and business travel, targeting a 50% reduction in business travel emissions from 2019 levels by 2030. These ambitious goals demonstrate MetLife’s strong focus on climate action and sustainability leadership in the insurance sector.

Data year: 2024

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