Introduction Environment Social Governance Appendix Inclusion and Diversity Responsible Products PARTNER SPOTLIGHTS Netflix’s anchor investment of $25 million has been instrumental in the creation of the Black Economic Development Fund, With a catalytic seed investment of $25 million, Netflix collaborated with LISC enabling us to invest in the Black community in a bold way. Fund Management (LFM) to create the Black Economic Development Fund Without the support of visionary partners like Netflix, this (BEDF). The Fund launched in 2020 to address economic challenges in the transformative initiative may have never come to fruition. Black community and to help close the racial wealth gap. Since then, BEDF has We are deeply grateful for their partnership and look forward grown into a $250 million mission-driven fund investing in Black-led to continuing to drive positive change together. developers, financial institutions, anchor organizations and businesses, with the goal of growing these organizations and strengthening their contributions to the Black community. From inception to the end of 2022, Netflix Michelle Spivak, Senior Director, contributions supported BEDF’s investment of $158 million in black-led LISC Fund Management transactions: $12 million in deposits to Black-owned banks; $18 million to Black-owned businesses; and $128 million in Black-led real estate developers. Hope Credit Union was one of the first investments in the Netflix commitment to build economic opportunity in Black communities. The investment in HOPE is supporting the financing of more than 2,500 entrepreneurs, homebuyers and consumers of color. To learn more about these investments and their impact, check out the YouTube web series “Banking On Us.” Episode 1 Episode 2 Episode 3 Netflix ESG Report 2022 48