NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that it has earned a Leadership grade (A-) on climate change in the annual CDP Investor Report for the fourth consecutive year.
To achieve Leadership status, a company must receive a grade of either A or A-. This year, only 6 percent of the companies that disclosed climate-related information to the CDP (formerly known as the Carbon Disclosure Project) reached that level.
The CDP grades companies on their climate change strategy, governance of climate-related issues, greenhouse gas (GHG) emissions disclosure, environmental targets, and climate risk management processes. It awards points for disclosure of GHG emissions and reduction activities, strong awareness of climate change throughout the organization, management of climate-related risks and opportunities, and preparedness for the transition to a low-carbon economy.
“MetLife takes pride in both our transparency and our commitment to environmental stewardship,” said MetLife Chief Sustainability Officer Tim Ring. “We’re encouraged by our progress, but we also recognize the need to continue driving sustainable business strategies.”
MetLife has long been an industry leader on climate change. For example:
- MetLife was the first U.S.-based insurance company to achieve carbon neutrality.
- MetLife has earned a spot on the Dow Jones Sustainability Index North America four years in a row.
- In 2019, MetLife received the U.S. Environmental Protection Agency’s ENERGY STAR® Partner of the Year Award.
- This year, the U.S. Department of Energy recognized MetLife for the energy efficiency improvements the company has made as part of the Better Buildings Initiative.
Additional information about the CDP scoring is available online.
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 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.