Global life insurerMetLifehas launched a new green investment of US$6 billion (RM26 billion) based on its awareness of social and environmental issues.
MetLifesaid theMetLifeFoundation, established in 1976, continues MetLife's longstanding tradition of corporate contribution and community engagement, and is currently providing more than $1 million in climate-specific grants.
The company has successfully reduced greenhouse gas (GHG) emissions by 21% between 2020 and 2021 and has planted more than 200,000 trees globally since 2020.
The company is committed to achieving net-zero greenhouse gas emissions from the company's global operations and general account portfolio by 2050 or earlier.
"The Net Zero Commitment builds on MetLife's existing 2030 Sustainability Commitment, which includes 11 climate goals established in 2020, and a strong set of 2030 Diversity, Equity and Inclusion (DEI) Commitment.
By 2030, DEI's committed fiscal portion totals more than $2.5 billion," MetLife said in its annual sustainability report.
MetLife President and CEO Michel Khalaf said the company will use its extensive resources to build a more inclusive and equitable future, increase economic opportunity and create a healthier planet, and enhance the well-being of all.
Recognizing the inextricable link between social and environmental issues, MetLife is deploying all of its people, products, services and investments to comprehensively address the unmet needs of communities around the world.
