Sustainability For Our For Our Creating Value For the For Our Managing Appendix at MetLife Workforce Customers as an Investor Environment Communities Responsibly 1 3 MUNICIPAL BONDS IMPACT INVESTMENTS MetLife Corporate Treasury made a Municipal bond investments support MetLife and MIM have been in the impact $25 million investment in the Drexel infrastructure, education and community investment market for over 35 years. Our Hamilton share class of the Goldman services, spanning approximately impact investments are originated with the Sachs Government Money Market Fund, 300 municipalities in 44 states and intent to generate positive societal benefits in VETXX. Drexel Hamilton is a service- Washington, D.C. Learn more about how the markets where we live and work, creating disabled, veteran-owned and -operated we support capital expenditures for a value for communities and catalyzing inclusion broker-dealer founded on the principle range of projects from investments in LEED and equity. These investments include projects of offering meaningful employment to Gold college campus renovations to bonds that aim to mitigate climate change, help disabled veterans. that fund grant-making capacity for global expand racial equity, support women to public health and sustainable energy programs. become financially independent and expand MetLife’s support furthers Drexel Hamilton’s financial health services to the under- and mission of hiring, training and mentoring AFFORDABLE HOUSING unbanked through credit unions and military veterans for a career in financial community-based organizations. 2 services. The investment has helped Drexel INVESTMENTS Hamilton grow its business and hire eight veterans over the past year, all of whom are MIM manages investments in high-quality women, minority and/or service-disabled. housing projects that build financial health Drexel Hamilton supported 25 nonprofit and bring tangible benefits to communities. organizations over the past year, the For example, MIM’s U.K. Social Housing majority serving military veteran initiatives. investments involve social housing providers in the U.K. and overseas territories through investments in nonprofit organizations that provide rental homes at below-market rents to low-income earners, including teachers, nurses, council workers, and the elderly and infirm. 1. A MUNICIPAL BOND IS A PUBLIC DEBT SECURITY ISSUED BY A STATE, MUNICIPALITY OR COUNTY TO FINANCE ITS CAPITAL EXPENDITURES, INCLUDING THE CONSTRUCTION OF HIGHWAYS, BRIDGES OR SCHOOLS. 2. U.S. LOW INCOME HOUSING TAX CREDIT INVESTMENTS INCLUDE FEDERAL TAX CREDIT EQUITY INVESTMENTS, FINANCING AFFORDABLE RENTAL HOUSING AND STATE TAX CREDIT INVESTMENTS THAT ARE MADE WITH SUBSTANTIALLY SIMILAR REQUIREMENTS. AFFORDABLE UNITS IN A PROJECT MAY CHARGE NO MORE THAN 30% OF A HOUSEHOLD’S INCOME, AND THE AVERAGE INCOME OF ALL HOUSEHOLDS IN ASSISTED UNITS IS 60% OF AREA MEDIAN INCOME OR BELOW. 3. IMPACT INVESTMENTS ARE DEFINED AS THOSE MADE WITH THE INTENTION TO GENERATE POSITIVE, MEASURABLE SOCIAL AND ENVIRONMENTAL IMPACT ALONGSIDE A FINANCIAL RETURN. 2021 SUSTAINABILITY REPORT 52