Sustainability For Our For Our Creating Value For the For Our Managing Appendix at MetLife Workforce Customers as an Investor Environment Communities Responsibly ESG INTEGRATION IN AGRICULTURAL LENDING MIM’s Agricultural Finance Group clients provide long-term debt capital for farmers, ranchers, agribusinesses, forest products MetLife is not only identifying opportunities facilities and timberland owners, and we to plant 5 million trees as part of our broader are proud of our role in building resilient 2030 climate goals, we also facilitate communities and supporting sustainable transactions that have financial returns agriculture for more than a century. complemented by ESG outcomes. Although these financial transactions do not contribute ESG INTEGRATION IN to our goal count of 5 million trees, they help PRIVATE EQUITY promote sustainable forest ecosystems in many different ways. MIM’s Next Horizon Manager program is an initiative to support diverse emerging talent. MIM provided financing for a $625 million The program helps female and/or ethnically timberland transaction, consisting of long-term, and racially diverse-owned firms, with a focus first mortgage loans secured by approximately on newer firms that target 50% ownership by 832,000 acres of timberland and timber across females and/or professionals of color, who are looking to raise a fund of $500 million or the Southeastern United States. The financing less. MIM’s Next Horizon Manager program allows Tamarack Timberlands, LLC, which launched with a $50 million annual deployment is owned by Ontario Teachers’ Pension Plan target. MIM has engaged with more than and whose assets are managed by Resource 100 diverse managers and invested with five Management Service, LLC, to complete this of them, for a total of $50 million on behalf of multimillion-dollar redemption transaction 1 MetLife’s general account investment portfolio. and assume direct ownership of its timberland assets in the U.S. South. The approach supports the protection of biodiversity, water and soil resources while contributing to climate change mitigation. 1. FOR A DEFINITION OF GENERAL ACCOUNT, PLEASE SEE EXPLANATORY NOTE ON PAGE 149. 2021 SUSTAINABILITY REPORT 49
MetLife Sustainability Report Page 50 Page 52