Governance

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CHAPTER 6

Governance

1 min read June 17, 2020
Governance

The Global Sustainability Function is responsible for overseeing MetLife Foundation’s portfolio of work, a broad array of ESG issues, and production of MetLife’s annual sustainability report, as well as oversight of all policy-focused thought leadership.

Additionally, MetLife, Inc.’s Board of Directors (the Board) has a Governance and Corporate Responsibility Committee, tasked with various responsibilities, including:

  • Reviewing MetLife’s goals and strategies for the contributions it makes in support of health, education, civic and cultural activities and initiatives, and similar purposes;
  • Overseeing MetLife’s compliance responsibilities and activities, including its legislative and regulatory initiatives, sales practices, and ethics and compliance programs; and
  • Overseeing MetLife’s policies concerning its corporate citizenship programs.

The Governance and Corporate Responsibility Committee regularly discusses ESG issues with the Global Sustainability leadership.

Sustainability is integrated across MetLife with each function expected to contribute to our strategic goals, monitor ESG risks, and evaluate opportunities for better impact. For example, given the critical role that ESG plays in our investment strategies, MetLife Investment Management’s (MIM) Sustainable Investment Strategies team leads the development, implementation, and oversight of MIM’s sustainable investment strategy and acts as an advisor to MetLife’s sustainability functions and MIM’s investment teams. Led by a senior vice president, the Sustainable Investment Strategies team seeks to ensure that MIM’s asset originators, portfolio managers, and credit analysts implement MIM’s responsible investing practices and adhere to MIM’s ESG Investment Policy. All ESG integration efforts are supported by this team and the ESG Integration Council.

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