MetLife Inc

Common Name
MetLife
Country
United States
Sector
Financial Services
Industry
Insurance - Life
Employees
45,000
Ticker
MET
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
MetLife Inc. is one of the largest global providers of insurance, annuities, and employee benefit programs. Established in 1868, it has built a robust network providing financial protection products t...

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into MetLife's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of MetLife amounted to 48,997 metric 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).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of MetLife decreased by 6.69%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

MetLife's Scope 1 Emissions Over Time

201820192020202120222023202406.5 k13 k19.5 k26 ktCO2e-28%-21%-17%+3%-5%-10%
  • 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).

Has MetLife reduced its Scope 1 emissions over time?

Since 2018, MetLife's Scope 1 emissions have decreased by 58.58%, reflecting a declining long-term trend in Scope 1 emissions over time.

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.

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.

Has MetLife reduced its Scope 2 emissions over time?

Since 2018, MetLife's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 60.22%, reflecting a declining long-term trend in Scope 2 emissions over time.

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.

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.

MetLife's Scope 2 Emissions Over Time

2018201920202021202220232024025 k50 k75 k100 ktCO2e
  • 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.

The 2024 disclosure of MetLife includes a breakdown across 1 of 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.

MetLife's Scope 3 Emissions Over Time

2018201920202021202220232024015 k30 k45 k60 ktCO2e+68%-93%-33%+229%+184%+21%
  • 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).

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.

Has MetLife reduced its Scope 3 emissions over time?

Since 2018, MetLife's Scope 3 emissions have remained relatively stable, indicating that MetLife 's emissions have plateaued with no significant change in its value chain footprint.

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.

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.

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:

  • Business Travel (Cat. 6): 24,253 tCOâ‚‚e (100%)

MetLife's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

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.

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%.

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