Introduction Environment Social Governance Appendix Inclusion and Diversity Responsible Products PARTNER SPOTLIGHTS As a women-led B-Corp, we’re delighted to collaborate with Netflix, a leader in promoting racial justice, in our shared goal of reimagining how corporations invest in Communities of Color. Hand in hand, Netflix leverages CNote’s technology solution to support cash we’re charting a new course for corporate responsibility. management into diversified deposits targeting social impact. Deposits are deployed with a network of impact-driven depository institutions that support Black, Indigenous, People Catherine Berman, of Color (BIPOC) and low-to-moderate income communities CEO of CNote and individuals, as well as women entrepreneurs. Racial Equity and Disability Loans: A Netflix fixed income commitment of $16 million focused on racial equity and disability has supported loans to 7 community development financial Cash Deposits: Netflix has committed $6 million to CNote Impact institutions (CDFIs) as of the end of 2022. These CDFIs provide Cash® funds to be deposited with mission-driven depository funds to support individuals with physical disabilities, those institutions (DIs). Investments from Netflix have supported suffering from mental illness, those recently released from collective lending for over $1.9 billion in auto loans, over $4.2 incarceration or recovering from substance abuse issues and billion in commercial loans and over $1.5 billion in housing loans. members of BIPOC communities that have been denied access to capital or services. Netflix ESG Report 2022 49
Netflix 2022 ESG Report Page 48 Page 50