Fostering Racial Equity and Inclusion
MetLife’s commitment to diversity, equity and inclusion (DEI) goes well beyond our organization. We seek to foster racial equity across all our communities and, in doing so, close the equity and wealth gap by building financial confidence and resiliency among marginalized groups.
In June 2020, MetLife Foundation launched a three-year, $5 million commitment to advance racial equity in the United States. As of 2022, MetLife Foundation completed this commitment. The Foundation used the funds to promote Black educational and career opportunities, Black business ownership, and racial-justice initiatives, including a $1 million commitment to the United Negro College Fund to help finance scholarships at historically black colleges and universities.
MetLife Foundation’s $5 million pledge supplements the $282 million in impact investments under management by MetLife Investment Management (MIM) to support diverse communities and small businesses.
"Impact investments" are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return (GIIN–Global Impact Investment Network–definition). This activity includes MetLife’s general account and a smaller volume of MetLife foundation assets.