MetLife’s Global CEO Speaks on Gender Equity at United Nations Event
26 March 2021 - 02:23PM
Business Wire
MetLife, Inc. President and CEO Michel Khalaf participated in a
panel discussion at the U.N. Global Compact’s “Target Gender
Equality Live” virtual conference on March 16.
In the discussion titled “Women's Empowerment Principles:
Foundations for Equality in Practice,” Mr. Khalaf joined other
partners of the Women’s Empowerment Principles (WEPs) to reflect on
past accomplishments and discuss the path forward to gender
equity.
Mr. Khalaf talked about the importance of gender equity in
addressing the needs of all MetLife stakeholders, saying, “For us
to truly live our purpose, we have to be an equitable, inclusive
and diverse company.”
He also discussed the detrimental impact that COVID-19 has had
on gender equity. “The longer the pandemic drags on, the worse
women in the workforce feel they are doing relative to men,” said
Mr. Khalaf, highlighting new MetLife survey research that examines
the pandemic’s effects across all dimensions of health – financial,
mental, physical and social. He said employers should think about
how to create more flexible work environments, particularly for
working mothers, to encourage more women to return to the workplace
post-pandemic.
Mr. Khalaf spoke about MetLife’s commitment to gender equity,
saying the WEPs have helped drive greater transparency and
accountability in how the company measures progress. MetLife has
conducted the WEP’s Gender Gap Analysis in 37 of its markets since
signing the principles one year ago and has created a cross-market
gender equity working group that is creating action plans to close
those gaps.
Equileap recently ranked MetLife 15th out of 500 companies in
the S&P 500 Index for gender equality, and in February the
company was named to the Bloomberg Gender-Equality Index for the
sixth year in a row in recognition of its efforts to support gender
parity through employee policies, representation and
transparency.
On March 15, MetLife also announced that Dr. Cindy Pace, the
company’s Global Chief Diversity & Inclusion Officer, will add
a new reporting line directly to the CEO, underscoring the
company’s commitment to embedding diversity, equity, and inclusion
(DEI) in its business strategy.
Watch a replay of the U.N. discussion here.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 markets globally and
holds leading positions in the United States, Japan, Latin America,
Asia, Europe and the Middle East. For more information, visit
www.metlife.com.
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Yvette Marmur | +852 5716 8533 | ymarmur@metlife.com
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