Responsible Investments^1,2

For more than 150 years, MetLife has been committed to serving our communities as set forth in our Code of Business Ethics. From energy efficiency and green buildings to volunteer projects and responsible investments that promote social and/or environmental benefits, we work to reduce our footprint and build resiliency in a changing world. MetLife’s responsible investments focus on the core areas of green, infrastructure, municipal bonds, affordable housing and impact investments.²

Green Investments

MIM sources investments in companies and projects that are focused on the conservation of natural resources, the production and discovery of alternative energy sources, the implementation of clean air and water projects, and other environmentally conscious business practices.

The NorthLight at the Edge-on-Hudson apartment building in Sleepy Hollow, New York, is a showcase of green investment. The 246-unit, Class-A building boasts sustainable and health-and-wellness features such as:

• Walk Score of 70 or above
• 205.22kW of on-site photovoltaic solar energy estimated to reduce energy use by 60%, as well as purchased renewables
• 44 electric vehicle charging stations
• Filtered air in common areas and apartment homes
• Water recycling program
• Comprehensive Emergency Preparedness Plan
• State-of-the-art fitness facilities

The building has achieved a one-star Fitwel certification and is pursuing additional sustainable building opportunities.

Affordable Housing Investments

MIM manages investments in high-quality housing projects that seek to build financial health and bring tangible benefits to communities. MIM-managed social housing investments involve partnering with nonprofit organizations that provide rental homes at below-market rents to low-income earners, including teachers, nurses, council workers, and the elderly and infirm.

In the U.S., the Section 8 programs support low-income households (below 60% of the area median income) by providing subsidized rents in which tenants pay no more than 30% of their income.

In 2022, MetLife’s General Account participated in a private structured credit transaction of $62.5M to the Standard-Southport Company to maintain and improve the overall quality of its portfolio of 26 low-income housing unit properties.

Infrastructure Investments

MIM originates investments in infrastructure projects that create jobs and economic benefits. These could include building or upgrading airports, ports, roads, pipelines, transmission lines and power generation.

MIM’s Private Capital team originated a ~$180M (€185 million) transaction for the largest rail provider and one of the largest employers in Austria, ÖBB. The proceeds of the deal will be used primarily to finance exclusively electrically operated rail vehicles. ÖBB is leading the transition to environmentally friendly longdistance travel via its investment in night trains and offers the most extensive international network of night trains in Europe.

Municipal Bonds

MIM’s municipal bond investments support infrastructure, education and community services, spanning approximately 400 communities in 44 states and Washington, D.C. These investments’ proceeds can be used to finance or refinance environmental, water and clean energy projects, as well as projects with anticipated positive social outcomes.

MIM, on behalf of its clients, made a $25M investment in the Series 2022A (Green Bonds) of The Nature Conservancy (TNC) in support of eligible green projects aligned with the International Capital Market Association’s 2021 Green Bond Principles. The Nature Conservancy, founded in 1951, is a U.S. nonprofit with a mission to “conserve the lands and waters on which all life depends.” Proceeds from the green bonds are to be used to fund eligible green projects that advance priorities for achieving TNC’s 2030 goals. These projects can include, but are not limited to, environmentally sustainable land use, biodiversity, water management, climate change adaptation, energy efficiency and renewable energy.

Impact Investments

MetLife has been in the impact investment market for nearly 40 years.

As part of MetLife’s commitment to originate $500M of new impact investments between 2020 and 2030, MetLife’s impact investment program invests approximately $50 million annually, primarily in support of financial health and climate change priorities.

Our impact investments are originated with the intent to generate positive societal benefits in the markets where we live and work, creating value for communities and catalyzing inclusion and equity. These investments include projects that aim to mitigate and adapt to climate change, expand racial equity, support women to become financially independent and expand financial health services to the under- and unbanked through credit unions and community-based organizations.

MetLife committed to a $9 million loan to Greenline Ventures’ third Small Business Capital Fund (SBCF III) that will provide loans to small businesses in the U.S. that create quality jobs and wealth-building opportunities for low-income populations in underinvested communities. SBCF III leverages the New Markets Tax Credit program to provide below-market-rate loans to small businesses for working capital, business growth/expansion, business acquisition and equipment financing. Greenline’s impact objectives for SBCF III include job creation, training programs, enhanced benefits packages, minority or women-ownership, reductions in environmental impacts and other forms of assistance to low-income workers. Learn more about MetLife’s impact investing portfolio online.