MetLife

Life Insurance

MET

$ 63 (3.1)%

Share price

$ 47 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 (Scope 1 + 2)

FY2022

MetLife aims to reduce Scope 1 + 2 by 30 % by 2030 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

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

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2022

MetLife aims to achieve net zero for all Scopes by 2050

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 reducing Scope 1 + 2 by 30 % by 2030 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -0.81 Kt per annum over the period of FY2022 - FY2050. 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	17	23	3.2	67,842	0.6
2019Q4	50	20	31	25	69,620	0.7
2018Q4	57	16	31	26	68,161	0.8
2017Q4	61	16	35	27	62,744	1
2016Q4	64	18	36	34	60,590	1.1
2015Q4	88	20	68	36	69,470	1.3
2014Q4	87	20	66	32