New York Life releases 2022 Corporate Responsibility Report

New York Life | June 20, 2023

New York Life, America’s largest mutual life insurer¹, today released the company’s 2022 Corporate Responsibility Report. The 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. 

ABOUT NEW YORK LIFE

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest¹ mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.²

¹Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/5/2023. For methodology, please see https://fortune.com/franchise-list-page/fortune-500-methodology-2023/.

²Individual independent rating agency commentary as of 10/18/2022: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).H3 heading