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MetLife Inc
MetLife's GHG Emissions Data Preview
In 2024, MetLife completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
MetLife has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Verified Sources Behind MetLife’s Greenhouse Gas (GHG) Emissions Data
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Insights into MetLife's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofMetLife amounted to48,997metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of MetLifedecreased by 6.69%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
MetLife's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are MetLife's Scope 1 emissions?
In 2024, the total Scope 1 emissions of MetLife were 10,611 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has MetLife reduced its Scope 1 emissions over time?
Since 2019, MetLife's Scope 1 emissions have decreased by 42.15%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), MetLife's Scope 1 emissions decreased by 10.48%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are MetLife's Scope 2 emissions?
In 2024, MetLife reported Scope 2 greenhouse gas (GHG) emissions of 7,987 tCOâ‚‚e using the market-based method and 38,386 tCOâ‚‚e using the location-based method.a
Has MetLife reduced its Scope 2 emissions over time?
Since 2019, MetLife's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 43.65%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), MetLife's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that MetLife's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does MetLife use for Scope 2 reporting?
In 2024, MetLife reported its Scope 2 emissions using the market-based method and using the location-based method.a
MetLife's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into MetLife's Value Chain Emissions
In 2024, MetLife reported 24,253 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of MetLife includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
MetLife's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are MetLife's Scope 3 emissions?
In 2024, MetLife reported total Scope 3 emissions of 24,253 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has MetLife reduced its Scope 3 emissions over time?
Since 2019, MetLife's Scope 3 emissionshave decreased by 45.22%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), MetLife's Scope 3 emissions increased by 20.76%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does MetLife disclose?
In 2024, MetLife reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of MetLife's Scope 3 emissions?
In 2024, the largest contributors to MetLife's Scope 3 emissions were:a
- Business Travel (Cat. 6): 24,253 tCOâ‚‚e(100%)
MetLife's Scope 3 Emissions by Categories
Insights into MetLife’s GHG Emissions Intensity Compared to Industry Peers
In 2024, MetLife reported Scope 1 greenhouse gas (GHG) emissions of 10,611 tCOâ‚‚e and total revenues of USD 69,901 millions. This translates into an emissions intensity of 0.15 tCOâ‚‚e per millions USD.a
MetLife's Scope 1 Emissions Intensity Compared to Peers
How does MetLife's GHG emissions intensity compare to its peers?
In 2024, MetLife reported a Scope 1 emissions intensity of 0.15 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.28, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does MetLife rank on GHG emissions intensity within its industry?
In 2024, MetLife ranked 5 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places MetLife among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into MetLife's Total Carbon Footprint
In 2024, MetLife reported a total carbon footprint of 73,250 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.9% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to MetLife's total carbon footprint was Scope 2 emissions, accounting for 52.4% of the company's total carbon footprint, followed by Scope 3 emissions at 33.11%.a