We expect suppliers to operate in line with MetLife’s principles, which prioritize respect for basic human rights within organizations, including rights to health and safety, life and liberty and equality. Suppliers should also comply with all applicable federal, state and local employment, equal opportunity, labor, immigration and wage and hour laws. Failure to comply with these requirements can result in the termination of our business arrangement.
MetLife asks sustainability questions in requests for information and during onboarding. We encourage suppliers to participate in the MetLife Supply Chain Sustainability program through active engagement (see Promoting Supply Chain Sustainability).
Third-Party Risk Management
The Supplier Third-Party Risk Management (TPRM) Program protects sensitive MetLife and customer information. Third parties are required to comply with all elements of the MetLife TPRM Program, including participation in a risk assessment prior to providing goods or services and in ongoing monitoring of our business relationship.
Through MetLife’s TPRM program, we evaluate the risk of third-party engagements and suppliers before assigning them a risk rating and manage them accordingly.
Fostering Supplier Diversity
Through MetLife’s Supplier Inclusion & Development program, our goal is to grow partnerships with diverse suppliers to promote their economic growth. Supplier Inclusion & Development is integrated within Global Procurement so we can interact with sourcing professionals and business stakeholders to include diverse suppliers in our supply chain. As part of our new DEI goals, MetLife has committed to spending $5 billion with diverse suppliers by 2030 and to annually report the economic impact of MetLife’s diverse supply chain. See 2030 DEI Commitments for more information, and read more about our Supplier Inclusion & Development program.
MetLife joined WEConnect International to enable women business owners to compete in the global marketplace. WEConnect International creates opportunities for women-owned businesses to connect with qualified buyers around the world. As part of our membership, MetLife gains access to a global database of women-owned businesses, as well as resources to develop a diverse and inclusive global supply chain.