MetLife

Life Insurance

MET

$ 70 0.11

Share price

$ 55 bn

Market Cap

$ 129 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -6.9% weighted average for S&P 500

FY2022

MetLife aims to achieve net zero for all Scopes by 2030

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

MetLife reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 21 Kt (-16 /-43.6% y-o-y). Also positively, carbon intensity fell to 0.3 t (-0.3 /-50% y-o-y).

MetLife's Scope 3 emissions was down at 2.2 Kt (-1.1 /-33.3% y-o-y). This is broadly in line with the declining trend (CAGR -33.2%) since 4Q'15.

The company is committed to achieving net zero for all Scopes by 2030, which translates into the estimated reduction of -2.6 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	21	12	9.2	2.2	71,080	0.3
2020Q4	38	15	23	3.2	67,842	0.6
2019Q4	50	20	31	25	69,620	0.7
2018Q4	57	26	31	26	68,161	0.8
2017Q4	61	26	35	27	62,744	1
2016Q4	64	28	36	34	60,590	1.1
2015Q4	88	20	68	36	69,470	1.3
2014Q4	87	20	66	32

MetLife

Carbon footprint

Primary Climate Goal

MetLife aims to achieve net zero for all Scopes by 2030

GHG emissions and Carbon intensity

MetLife's carbon footprint

Company environmental metrics