Corporate responsibility

New York Life’s recently released 2022 Corporate Responsibility Report highlights the company’s approach to managing social and environmental impacts and governance. All the company’s efforts in these areas are rooted in New York Life’s core values of humanity and integrity and are supported by the company’s mutuality and financial strength.

“New York Life’s corporate responsibility program is tightly aligned with our business purpose and our core values,” says Amanda Lechenet, Corporate Vice President, ESG and Corporate Responsibility, New York Life. “With a 178-year track record of success, we have remained committed to creating a legacy of positive impacts for our policy owners, employees, and the communities where we work and live. This extends more broadly as we act as a responsible steward of our environment as well. This year’s report shows the actions we continue to take to further build upon this strong legacy.”

In addition to showcasing the progress made across New York Life’s business, the report also includes the company’s first Sustainability Accounting Standards Board (SASB) Index, which covers key financially-material sustainability topics for the insurance and asset management industry.

Highlights from the report include:

• Leadership and professional development programs for employees
• How employees and agents engage with the community
• Advancements in underwriting processes and digital capabilities
• In-depth discussion from New York Life Investments, the company’s asset management business, on the evolution of its sustainability approach and integration
• Details on environmental impact metrics, including greenhouse gas emissions, water, and waste
• Progress towards New York Life’s operational emissions reduction goal
• New York Life’s strong governance practices

To view New York Life’s 2022 Corporate Responsibility Report, visit here. 

RELATED CONTENT