Sustainability statement

(Last Updated: June 2026) 

Objective

This document outlines New York Life’s environmental priorities and the actions that demonstrate our commitment to delivering for our policy holders and clients in a sustainable manner.

Scope and Applicability

This environmental sustainability statement applies to New York Life Insurance Company.

Our Environmental Sustainability Strategy

As a mutual company, New York Life is committed to fulfilling the promises made to our policy owners. We operate with a focus on serving their long-term interests, ensuring that our actions align with their needs and expectations. Our sustainability strategy supports our overall business strategy,, aiming to generate lasting value for our policy owners. They are designed to not only help reduce operating costs for the company, but make a positive impact on the world through the management of our direct environmental impacts.

Governance

For more information on the governance of New York Life’s Sustainability Strategy, see the ‘Operating With Environmental Responsibility’ section of our most recent Corporate Responsibility Report.

Our Commitments

New York Life has long supported programs related to environmental sustainability in the workplace. Addressing environmental challenges through the measures listed below along with other best practices allows the Company to drive sustainable growth into the future, find operational efficiencies and build resiliency for our business, other stakeholders and our policy owners. In that regard, we aspire to:

• Reduce our Environmental Impact: Reduce the direct and indirect impact of our operations on the environment by pursuing improvements in energy consumption, greenhouse gas (GHG) emissions, water consumption, waste production, and natural resource use. This includes:
  • Implementing initiatives to reduce New York Life’s Scope 1 and 2 GHG emissions and achieving our operational emissions reduction target of 30% reduction by 2030, from a 2019 baseline;
  • Conserving energy consumption through effective energy management initiatives;
  • Decreasing dependency on natural resources by reducing consumption of energy, plastics, paper, water, and other materials;
  • Prioritizing healthy and efficient office spaces;
  • Reducing the amount of waste produced, increasing the amount of reuse and recycling, and encouraging employees to repurpose resources, where possible; and
  • Replacing corporate business travel with the use of collaboration tools, where possible.
• Sustainable Procurement: Engage third-party service providers on the management of their material sustainability risks, giving us visibility into the risks and opportunities across our supply chain. To facilitate these engagements and access verified data, we leverage a third party to assess supplier practices and inform our third-party risk management. This ongoing engagement supports business continuity and reinforces New York Life's commitment to a reliable, well-managed supply chain.
• Performance Measurement: Drive continuous improvement in the environmental performance of our facilities by measuring and monitoring key performance indicators, including energy consumption; electricity use; water consumption; waste diversion; renewable energy; and Scope 1, 2, and 3 GHG emissions.
• Learning and Development: Provide learning and engagement opportunities for all employees to enhance awareness on sustainability issues and ways to reduce environmental impact at the office, at home, and in the community.
• Stakeholder Engagement: Engage customers, employees, agents, institutional investors, and the communities we serve on New York Life’s corporate responsibility priorities through annual corporate responsibility reports, press releases, and other communications.
• Review New York Life’s sustainability priorities on an annual basis to ensure that they remain current and appropriate for our business.