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MetLife Foundation Announces Strategy to Drive Inclusive Economic MobilityMetLife Foundation today announced a strategy aimed at driving inclusive economic mobility by addressing the needs of underserved and underrepresented communities around the globe. This multi-pronged strategy builds upon MetLife's 2030 Diversity, Equity and Inclusion Commitments, through which the Foundation pledged $150 million in funding and MetLife pledged 800,000 employee volunteer hours in support of historically marginalized individuals and their families between 2021 and 2030. MetLife Foundation's grantmaking and impact investments will be aligned to the U.N. Sustainable Development Goals and three core portfolios:
"For 154 years, MetLife has made a positive impact on the communities we serve by creating financial security and using the breadth of our resources to address pressing social and economic issues," said Mike Zarcone, Head of Corporate Affairs for MetLife and Chairman of MetLife Foundation. "With the updated focus of MetLife Foundation, we aim to further drive a more equitable and confident future for vulnerable and historically marginalized communities around the world." MetLife Foundation's efforts will be augmented by MetLife employee-driven volunteering and skills-based pro bono projects that leverage MetLife employees' talent to expand the capacity of non-profit organizations, delivering even deeper impact. In 2021, more than 25,000 MetLife employees volunteered more than 61,000 hours across 37 countries. "By combining MetLife's talent with MeLife Foundation's philanthropic investments, we can amplify our impact by leveraging the time, expertise and passion of MetLife employees to be a force multiplier in communities around the world," said Tia Hodges, President and CEO of MetLife Foundation and Head of Corporate Giving and Employee Volunteerism at MetLife. As part of this strategic shift, MetLife Foundation has issued its first wave of grants totaling more than $25 million. Select examples include:
Regular updates on the progress of this work will be provided through MetLife's annual sustainability report. For more details on MetLife Foundation, visit www.MetLife.org. About MetLife Foundation At MetLife Foundation, we are committed to driving inclusive economic mobility for underserved and underrepresented communities around the world. We collaborate with nonprofit organizations and provide grants aligned to three strategic focus areas - economic inclusion, financial health and resilient communities - while engaging MetLife employee volunteers to help drive impact. MetLife Foundation was established in 1976 to continue MetLife's long tradition of corporate contributions and community involvement. Since 1976, MetLife Foundation has contributed over $900 million to strengthen communities where MetLife has a presence. To learn more about MetLife Foundation, visit www.MetLife.org. Forward-Looking Statements The forward-looking statements in this news release, such as "pledged," "will," and "2030" are based on assumptions and expectations that involve risks and uncertainties, including the "Risk Factors" MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife's future results could differ, and it has no obligation to correct or update any of these statements.
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