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.
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.
Industry Benchmark
Metlife's score of 49 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Metlife's reported carbon emissions
In 2023, MetLife reported total carbon emissions of approximately 11853000 kg CO2e for Scope 1, 7687000 kg CO2e for Scope 2 (market-based), and a significant 119416000 kg CO2e for Scope 3 emissions, primarily from business travel. This reflects a continued commitment to reducing their carbon footprint across all scopes. MetLife has set an ambitious target to reduce Scope 1, 2, and 3 business travel emissions by 50% by 2030, starting from a baseline established in 2019. This commitment underscores their proactive approach to addressing climate change and aligns with industry standards for sustainability. Over the years, MetLife has demonstrated a trend of decreasing emissions, with notable reductions in Scope 1 and 2 emissions from 2016 to 2023. For instance, Scope 1 emissions decreased from approximately 28167000 kg CO2e in 2016 to 11853000 kg CO2e in 2023, showcasing a significant reduction effort. As a financial institution headquartered in the United States, MetLife is actively engaging in climate initiatives, although they have not yet committed to a net-zero target. Their ongoing efforts reflect a broader industry context where financial institutions are increasingly recognising the importance of sustainability in their operations.
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Add to project| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 28,167,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 35,947,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 34,019,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
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 committed to some reduction initiatives 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.
