MetLife Incorporated is a New York-based company that offers life insurance, annuities, employee benefits, and asset management. The company operates through five segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; the Americas; and Asia, Europe, the Middle East, and Africa. MetLife operates in nearly 50 countries and has approximately 100 million customers.
MetLife Incorporated commits to creating positive impacts for its employees, customers, suppliers, communities, and the environment. The company emphasizes workforce diversity and has strong corporate governance and risk management practices. In a recent year, MetLife advanced its commitment to help underserved people around the world connect to financial services, with $30 million in financial inclusion grants provided by the MetLife Foundation. Additionally, the company’s investments in communities and affordable housing projects have reached more than $1.6 billion. MetLife employees volunteer approximately 70,000 hours each year. To address its footprint from operations, the company is nearing carbon neutrality and has a growing portfolio of green investments that are worth nearly $10 billion. MetLife has 2020 goals to reduce its energy consumption and carbon emissions each by 10% and to require 100 of its top suppliers to disclose their GHG emissions and reduction initiatives. The company also has a disciplined risk management policy to assess ESG risks in its investments.
MetLife Incorporated was recently fined $25 million for misleading tens of thousands of its annuity customers about cost differences between its products. The company has also been criticized for investing in cluster munitions manufacturers.
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.