MetLife Investment Management Partnerships With Norges Bank Investment Management and New York State Common Retirement Fund Receive 5 Star Rating From Global Real Estate Sustainability Benchmark

WHIPPANY, NJ – (BUSINESS WIRE) – MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that two real estate partnerships with Norges Bank Investment Management and the New York State Common Retirement Fund (“MCPP Portfolio”) consist. ) have received 5 stars from the Global Real Estate Sustainability Benchmark (GRESB), which also recognized the partnerships as “industry leaders”. A third MIM core real estate portfolio was also awarded 4 stars.

Every year, GRESB evaluates and evaluates the environmental, social and governance (ESG) performance of real estate around the world and monitors the sector’s progress in achieving global sustainability goals. The GRESB 5-star rating recognizes companies that are below the top 20 percent of the benchmark. The GRESB ratings are based on what investors – and the industry – view as key aspects of the sustainability performance of real asset investments. These ESG indicators are aligned with international reporting frameworks such as the Global Reporting Initiative (GRI) and the Paris Climate Agreement.

In particular, the partnership with Norges Bank Investment Management achieved the highest performance score of any company in America, while the MCPP portfolio achieved an overall score of 5 compared to any other company in America.

“Our commitment to environmental sustainability in our real estate portfolio reflects our corporate purpose,” said Robert Merck, senior managing director and global head of real estate, MetLife Investment Management. “We are delighted that our partnerships with two long-standing clients of Norges Bank Investment Management and the New York State Common Retirement Fund have been recognized as environmental leaders worldwide. We look forward to working with each of them to create a greener future for the assets, residents and communities of which we are part. ”

MIM’s commitment to sustainability goals is reflected in its MetZero ™ initiative. Norges Bank Investment Management, MCPP and the core portfolios endeavor to achieve CO2 neutrality in the short term. The MetZero program uses a Carbon Cascade ™ approach that focuses on reducing emissions and adding renewable energy on-site and sourcing green electricity off-site.

The GRESB recognition follows the publication in September of the MetLife environmental targets for 2030, which include MIM’s commitment to have all real estate investments managed and controlled by MIM powered by 100% renewable electricity by 2030. MetLife is also committed to reducing site-related greenhouse gas emissions by up to 3030, 30 percent of 2019 levels from new green investments of $ 20 billion and $ 5 million to develop products and partnerships that deliver climate change solutions drive forward. Earlier this year, MetLife issued its first Green Funding Agreement, and in 2019 MIM became a signatory to the United Nations-Endorsed Responsible Investment Principles. For more information on MetLife’s sustainability initiatives, please visit metlife.com/sustainability.

About MetLife Investment Management

MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global fixed income, private capital and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MetLife Investment Management provides a range of bespoke investment and financing solutions to public and private retirement plans, insurance companies, foundations, funds and other institutional clients designed to meet a range of long-term investment goals and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and had total assets of $ 651.1 billion as of September 30, 2020.1 For more information, please visit https://investments.metlife.com.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is a leading global financial services company providing insurance, annuity, employee benefits, and asset management to help its individual and institutional customers navigate changing world. MetLife was founded in 1868 and operates in more than 40 markets worldwide. The company is a leader in the United States, Japan, Latin America, Asia, Europe and the Middle East. More information is available at www.metlife.com.

Forward-Looking Statements

Forward-looking statements in this press release such as “expect,” “will” and “continue” are based on assumptions and expectations that involve risks and uncertainties, including the “risk factors” described by MetLife, Inc. in the US filing of the Securities and Exchange Commission. MetLife’s future results could differ and there is no obligation to correct or update these statements.