METLIFE RELEASES ANNUAL SUSTAINABILITY REPORT NEW YORK, April 22, 2019 MetLife, Inc. (NYSE: MET) today announced its responsible investment portfolio grew to more than $52 billion in 2018, and MetLife Foundation fulfilled its five-year commitment to provide $200 million in grants to improve financial inclusion worldwide and expanded its focus to financial health. Those are just two of the ways MetLife and MetLife Foundation are making a positive impact on society, as outlined in the company's latest sustainability report, released today.
MetLife's report, Global Impact, highlights how the company manages Environmental, Social and Governance (ESG) issues to make a positive impact on the world. The report includes information on MetLife's record on climate issues and responsible investing, as well as efforts to make its products more accessible and easier to use, enhance customer value, and cultivate employee wellness and career development. It also details the company's accomplishments in workplace diversity and MetLife Foundation's work to improve financial health. Importantly, the report provides a progress update on MetLife's ESG-related goals and commitments established in 2015.
The very nature of insurance provides sustainable, long-term value to people, said Mike Zarcone, MetLife executive vice president and head of Corporate Affairs. Our business is to make and keep promises, sometimes decades into the future. We live up to these promises through the products we provide, the investments we make, and by operating responsibly. We are pleased to highlight the impact that we make on society in our annual Global Impact report.
Some of the ways MetLife operated as a force for good in 2018 included:
Paying approximately $48 billion in claims and benefits to policyholders, demonstrating the vital role the company plays in the social safety net.
Fueling jobs and economic growth by investing $589 billion in total assets under management for policyholders and clients in agriculture, infrastructure, real estate, and businesses of all kinds.
Being named to the Dow Jones Sustainability Index (North America) for the third year in a row.
Earning recognition as one of Americas 100 Most JUST Companies by JUST Capital and Forbes for the first time. The list recognizes high-performing U.S. companies on the issues that Americans define as priorities for good corporate behavior.
Receiving recognition from CDP (formerly the Carbon Disclosure Project) for our high level of collaboration with suppliers on disclosing climate risks, placing MetLife on CDP's Supplier Engagement Leader Board.
Announcing a $10 million Workforce of the Future Development Fund to deliver learning programs to employees focused on digital skills, innovation and collaboration.
Creating a new sustainability function to bring a strategic and coordinated approach to the company's efforts, and appointing a Chief Sustainability Officer.
Global Impact is prepared in accordance with the latest standards published by the Global Reporting Initiative (GRI), the nonprofit organization that sets the standard for sustainability reporting. The GRI Standards provide a globally recognized framework for companies to measure and communicate their environmental, economic, social and governance performance. By adhering to this framework, MetLife joins thousands of companies around the world in quantifying the benefits and impacts of its business activities.
To view the report, and to learn more about MetLife's sustainability activities, please visit www.MetLifeGlobalImpact.com.
About MetLife
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 customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL INFORMATION
This release may contain or refer to forward-looking statements. Forward-looking statements give expectations or forecasts of the future using terms such as anticipate, estimate, expect, project, intend, plan, believe, will, and other terms tied to future periods. Results could differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements are based on assumptions and expectations. They involve risks and uncertainties, including the Risk Factors MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. The company has no obligation to correct or update any forward-looking statement. Parts of this release may include additional information on forward-looking statements.
The release may also contain measures that are not calculated based on accounting principles generally accepted in the United States of America, or GAAP. Parts of this release, the Investor Relations portion of MetLifes website (www.metlife.com), or other parts of that website include information on non-GAAP financial information.
Explanatory Note on Non-GAAP Financial Information
Total Assets Under Management ( Total AUM ) is a financial measure based on methodologies other than accounting principles generally accepted in the United States of America ( GAAP ). Total AUM are comprised of GA AUM, plus Indexed SA AUM plus TP AUM (each as defined below). MetLife believes the use of Total AUM enhances the understanding of the depth and breadth of its investment management services on behalf of its general account investment portfolio, separate account index inves
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METLIFE RELEASES ANNUAL SUSTAINABILITY REPORT NEW YORK, April 22, 2019 MetLife, Inc. (NYSE: MET) today announced its responsible investment portfolio grew to more than $52 billion in 2018, and MetLife Foundation fulfilled its five-year commitment to provide $200 million in grants to improve financial inclusion worldwide and expanded its focus to financial health. Those are just two of the ways MetLife and MetLife Foundation are making a positive impact on society, as outlined in the company's latest sustainability report, released today.
