Climate change risks have the potential to impact MetLife’s business, physical operations, investments, and supply chain. Addressing climate change effectively requires collaboration with multiple stakeholders around the world.
Climate change risks — such as impacts from extreme weather events, disruptions in energy supply, or carbon legislation — have the potential to impact MetLife’s business, physical operations, investments, and supply chain. We believe addressing climate change is beneficial for the health and well-being of our customers, employees, and communities. That is why we were a founding member of and an active participant in the Climate Leadership Council, a collaboration among policy, business, and environmental leaders to promote an equitable, cost-effective climate solution for the U.S. economy.
ESG risks, including climate risks, are within the purview of multiple Board and senior management committees, as they underpin all aspects of risk management. In 2020, we focused on enhancing our ESG risk capabilities by integrating ESG risks (including climate risk) into our risk management framework and developing impact assessment capabilities. We also created a cross-functional working group around ESG-related advocacy issues.
For more information on our work on climate change, please read our statement on climate change.