MetLife 2022 Sustainability Report: MetLife Foundation

NORTHAMPTON, MA / ACCESSWIRE / October 3, 2023 / Read the full MetLife 2022 Sustainability Report

Our Approach

As one of the world's leading financial services companies, MetLife plays an important role in communities. All MetLife regions, lines of business and colleagues contribute to community engagement and outreach, including through volunteerism and pro bono work. Throughout the company, executives and senior leaders engage in and encourage community work via organizational volunteer goals. MetLife Foundation helps connect MetLife colleagues with nonprofits and opportunities to make a difference.

Priorities

MetLife's 2030 DEI Commitments include pledges of 800,000 employee volunteer hours with a focus on supporting historically marginalized individuals and their families, and $150 million from MetLife Foundation to support underserved and underrepresented communities. To advance these commitments, MetLife Foundation launched a multi-pronged strategy to drive inclusive economic mobility by addressing the needs of such communities around the world. MetLife Foundation grants align with the UN SDGs and across three strategic giving portfolios:

• ECONOMIC INCLUSION
  • Invests in efforts that support upskilling and reskilling of young people and adults to be competitive in a digital and new economy and earn family-sustaining wages.
• FINANCIAL HEALTH
  • Supports efforts focused on building financial resiliency through the enablement of budget management, savings, access to credit and public/ private benefits.
• RESILIENT COMMUNITIES
  • Invests in efforts that open up access to physical and mental well-being resources and help build a more resilient planet.

FINANCIAL HEALTH

Inclusive Fintech 50 (IF50) is a global competition that identifies early-stage fintechs driving financial inclusion and resilience. Since 2019, the IF50 competition has attracted 1,343 eligible applicants, who are addressing limitations in financial services delivery for low-income and underserved customers. These emerging fintechs operate in over 237 countries, reach over 338 million customers, and have raised over $3.4 billion.

Village Capital¹ -ADAPT: Social Innovation for a More Resilient Future ADAPT identifies startups that help communities and individuals respond to global challenges impacted by climate change, healthcare, wellness and economic mobility and that provide solutions that fundamentally shape and strengthen social resilience.