Sustainability For Our For Our Creating Value For the For Our Managing Appendix at MetLife Workforce Customers as an Investor Environment Communities Responsibly Funding Agreement-Backed Note Impact Investments: Investments made with the MetLife Investment Management (MIM): MIM (or Funding-Backed Security): Securities that intention to generate positive, measurable social is the institutional asset management business of are backed by a funding agreement, which is a and environmental impact alongside a financial MetLife. Inc. MIM provides public fixed income, deposit-type contract, issued by life insurance return (GIIN—Global Impact Investment private capital and real estate investment solutions companies, that promise a stream of predictable Network—definition). This activity includes both to institutional investors worldwide. fixed payments over a specified period of time. MetLife’s general account and a smaller volume of MetLife’s Purpose Awards: An exclusive, Gender Equality: The state in which access to MetLife Foundation assets. selection-based award recognizing colleagues rights or opportunities is unaffected by gender. Inclusion: Ensuring that through our interactions, who went to extraordinary efforts to bring our Gender Gap Analysis: An analysis of the relative everyone is fully respected, recognized and valued. purpose to life. disparity between people of different genders. Infrastructure: Includes infrastructure investments Municipal Bonds: Includes entire (public) Green Bonds: Includes public corporate green supporting airports, ports, transportation (roads, municipal bond portfolio for MetLife’s general bonds held within MetLife’s general account rail, bridges), transmission, energy management account and unaffiliated institutional asset and unaffiliated institutional asset management systems, social infrastructure (stadiums, housing, management clients—no exclusions. portfolios as identified by Bloomberg for all courthouses), data centers, metering, telecom and MyVoice: MetLife’s all-employee survey that green bond International Securities Identification water. Excludes: ESPCs, renewable investments, gives employees the opportunity to be heard Numbers (ISINs) issued in the global market. energy (pipelines, gas-fired generation) and more frequently on topics that are relevant to private prisons. our culture and business and measures the Greenhouse Gas Emissions (or Carbon International Labour Organization’s Declaration behaviors that drive our business strategy. Emissions): A GHG is any gas that has the on Fundamental Principles and Rights at Work: property of absorbing infrared radiation (net heat Adopted in 1998, the Declaration commits Member Net Zero: The balance between the amount of energy) emitted from Earth’s surface and reradiating States to respect and promote principles and rights GHGs produced and the amount removed from it back to Earth’s surface. Carbon dioxide, methane in four categories, whether or not they have ratified the atmosphere. and water vapor are examples of GHG gases. the relevant Conventions. These categories are: While sometimes used synonymously with “carbon MetLife reports all GHG gases in CO2 equivalents freedom of association and the effective recognition neutral,” a growing consensus behind “net zero” (CO2e). This is why sometimes “carbon emissions” is of the right to collective bargaining, the elimination is to reduce all identified emissions in value chains used as shorthand for describing all GHG emissions. of forced or compulsory labor, the abolition of and economies to zero as quickly as possible Green Investments: Investments in projects, child labor and the elimination of discrimination through technical, policy and behavioral change. infrastructure or companies that support or in respect of employment and occupation. The transition to a net zero emissions future focuses provide environmentally friendly products LATAM: A MetLife market acronym for Latin on reducing all emissions as much as possible, and practices. MIM currently defines green American countries. without the purchase offsets (see “carbon offset”) investments to include 1) LEED, Energy Star, that balance GHGs emitted elsewhere in the world BREEAM and/or Fitwel-certified real estate Leadership in Energy and Environmental Design through activities such as burning fossil fuels. equity investments; 2) commercial mortgage (LEED): An internationally recognized green building Our Green Impact: MetLife’s signature loans secured by LEED and/or Energy Star certification system, providing third-party verification environmental employee engagement program certified real estate; 3) renewable energy that a building or community was designed and that aims to promote environmental awareness projects, including wind and solar; 4) energy built using strategies aimed at improving performance across the global enterprise and empowers savings performance contracts (ESPCs); 5) across energy savings, water efficiency, CO2 employees to reduce environmental impact public and private corporate green bonds; emissions reduction, improved indoor environmental at work, at home and in our communities. and 6) property assessed clean energy (PACE) quality, stewardship of resources and sensitivity to residential and commercial loans. their impacts. 2021 SUSTAINABILITY REPORT 90