Northwestern Mutual 2023 Sustainability and Social Impact Report: A Better Tomorrow

NORTHAMPTON, MA / ACCESSWIRE / April 29, 2024 / Northwestern Mutual

Originally published in Northwestern Mutual 2023 Sustainability and Social Impact Report Executive Summary

At Northwestern Mutual, every aspect of our business centers on doing what's right for our employees, financial advisors and representatives, clients, and the communities we serve - delivering the business results our stakeholders expect today and building a better tomorrow.

As a 167-year-old company that takes a long-term approach to managing our business, we integrate sustainability principles and social impact practices into our strategy to consistently generate long-term value, growth and positive societal impact. Our commitment to sustainability, social impact and sound governance is one more way we live our mutual values, driving positive, lasting outcomes for generations to come.

Delivering Financial Security and Expanding Financial Access

Our company is in the business of doing good; we exist to improve lives through financial security, so people can live the life they want both today and tomorrow.

One way we honor this commitment is by investing in expanding financial access to help reduce the wealth gap in underserved communities. We're taking bold steps to increase financial knowledge, improve access to capital for small businesses and advance the ability to build generational wealth.

• $20M goal each for investing in women and African American/Black entrepreneurs through Northwestern Mutual Future Ventures
• $175M Impact Investment Fund to increase access to capital for entrepreneurs in underserved communities, locally and nationally
• 30 entrepreneurs from a diversity of backgrounds supported in 18 communities nationwide since 2021 through the Northwestern Mutual Black Founder Accelerator program

Investing in Our Communities

We invest in transformational and sustainable community outcomes that improve lives.

Through the Northwestern Mutual Foundation, we invest in the future to drive better outcomes where our people and our clients live and work. That includes advancing childhood cancer research nationally, and in Milwaukee, expanding access to quality education, revitalizing underserved neighborhoods and making cultural attractions even more inclusive.

• $50M+ donated to fight childhood cancer and support children and families since 2012
• $60M+ invested in Milwaukee-area students over 25+ years
• 4,600+ students mentored by Northwestern Mutual employees in 2023
• $3.5M dedicated in 2023 to help residents in underserved communities become homeowners

Strengthening Our Culture of Belonging

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