MetLife for inclusive economic mobility

MetLife Foundation announced a strategy to drive 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. The Foundation pledged $150 million in funding, and MetLife pledged 800,000 employee volunteer hours in support of historically marginalised individuals and their families between 2021 and 2030, Metlife said in a statement.

MetLife Foundation’s grantmaking and impact investments will align with the U.N. Sustainable Development Goals and three core portfolios. These are Economic Inclusion: Upskilling and reskilling talent to be competitive in a new economy, Financial Health: Enabling budget management, savings, and access to credit and benefits as part of a broader wealth-building strategy and Resilient Communities: Expanding access to wellness resources as well as supporting a more resilient planet through climate-focused grants.

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 organisations, delivering an even more profound impact. In 2021, more than 25,000 MetLife employees volunteered more than 61,000 hours across 37 countries.

MetLife Foundation has issued its first wave of grants totalling more than $25 million as part of this strategic shift. MetLife’s annual sustainability report will provide regular updates on this work’s progress. For more details on MetLife Foundation, visit www.MetLife.org.