Month: July 2023

Read the full MetLife 2022 Sustainability Report

MetLife Creating Value as an Investor

Our Approach

MetLife’s General Account is a key to living up to our promises and our purpose. MetLife’s General Account, which totals over $400 billion dollars, is invested responsibly for the long term. The investments in MetLife’s General Account help us keep the financial promises we have made to our customers all over the world. That’s why we seek out investments that are diverse, stable, secure and offer competitive, risk-adjusted returns. That includes evaluating risks, including financially material ESG factors, that we believe have an impact on investment performance. These factors are important considerations to effectively manage risk and achieve MetLife’s investment objectives.

Governance

MetLife’s Chief Investment Officer also serves as the President of MetLife Investment Management (MIM), our institutional investment management business, which manages most of MetLife’s General Account portfolio. The Chief Investment Officer oversees ESG integration efforts for MetLife’s General Account, with MetLife’s ESG and sustainability-related investment initiatives reported to the Governance and Corporate Responsibility Committee of MetLife’s Board of Directors at least annually.

MIM is a well-established global investment manager with specialist investment teams who incorporate relevant, financially material ESG factors into their risk management-focused investment processes. In 2019, MIM was proud to become a signatory to the Principles for Responsible Investment (PRI), committing to adopt and implement PRI’s six principles across our investment portfolio. As investment experts, MIM plays a key role in delivering the investment objectives of MetLife’s General Account. This includes, among other things, embedding ESG integration principles in decision-making and being a responsible investor as a means to a long-term, value-driven portfolio.

Net Zero by 2050 or Sooner7—MetLife’s General Account

In support of MetLife’s Net Zero commitment, we have established 2030 Net Zero interim targets for MetLife’s General Account investment portfolio:

Engage emitters responsible for at least 50% of public corporate portfolio financed emissions on climate annually;8 andReduce GHG emissions for managed real estate equity investments 50% by 2030.9

Read more about MetLife’s Net Zero commitment.

1 Represents responsible investments managed by MIM at estimated fair value as of December 31, 2022.

2 For definitions of responsible investments, impact investments and green investments, please see pages 96 and 97 of the Sustainability Report PDF. MIM may periodically refine or otherwise modify its definitions and the components thereof based on data availability or other factors.

3 Annual investments in 2022.

4 Represents 2022 production toward MIM’s $1 billion DEI goal.

5 In April 2022, MIM sourced, on behalf of clients, approximately $200 million in financing to support the decommissioning of the last two coal-fired plants in New Jersey.

6 Represents percentage of MIM-managed and -controlled real estate equity investments as of November 30, 2022.

7 The Net Zero commitment applies to GHG emissions from MetLife, Inc.’s global owned and leased offices and vehicle fleets, employee business travel, supply chain and assets in MetLife’s General Account investment portfolio, which includes the general accounts of MetLife, Inc.’s wholly owned insurance company subsidiaries, where reliable data and methodologies are available. While reliable methodologies and data sets pertaining to certain GHG emissions are not available at this time, MetLife is committed to identifying and measuring relevant climate data as methodologies and standards evolve. Emissions are tracked in accordance with the GHG Protocol, unless otherwise directed by regulators. Additional information about MetLife’s General Account investment portfolio is available here.

8 Applies to MetLife, Inc.’s financed GHG emissions associated with its General Account public corporate portfolio (Scope 3 Category 15), where reliable data and methodologies are available. Emissions are tracked in accordance with the Partnership for Carbon Accounting Financials standards, unless otherwise directed by regulators. While reliable methodologies and data sets pertaining to certain GHG emissions are not available at this time, MetLife is committed to identifying and measuring relevant climate data as methodologies and standards evolve. Additional information about MetLife’s General Account investment portfolio is available here.

9 Applies to GHG emissions directly generated and associated with power consumed on site (including Scope 1 and 2 emissions and excluding Scope 3 tenant emissions) for owned and controlled real estate investments within MetLife, Inc.’s General Account (Scope 3 Category 15), where reliable data and methodologies are available. Excludes emissions from the operation of leased assets (Scope 3 Category 13). Target has a base year of 2019 and target year of 2030. Emissions are tracked in accordance with the GHG Protocol, unless otherwise directed by regulators. While reliable methodologies and data sets pertaining to certain GHG emissions are not available at this time, MetLife is committed to identifying and measuring relevant climate data as methodologies and standards evolve. Additional information about MetLife’s General Account investment portfolio is available here.

PEORIA, Ill. and BELLEVUE, Wash., July 19, 2023 /3BL/ – What’s the news: Bradley University will be the first university in the nation to leverage T-Mobile 5G Advanced Network Solutions (ANS) to improve digital equity for its students, advance student success outcomes, increase operational efficiencies and enrich innovative learning experiences.

Why it matters: Providing students access to cutting-edge technologies is crucial in preparing today’s learners for the workforce and ensuring equitable opportunities.

Who it’s for: Educational institutions looking to bridge the digital divide and provide advanced connected experiences for students.

From the dining hall to the virtual lecture hall, the students, faculty and staff at Bradley University in Peoria, Ill. can experience the power of 5G, thanks to a new agreement between Bradley and T-Mobile (NASDAQ: TMUS). The university will utilize a 5G Hybrid Mobile Network from T-Mobile as part of its mission to deliver innovative learning experiences for students and improve operational efficiencies through its Digitally Connected Campus initiative. Additionally, it will provide iPad (10th generation) with 5G-connectivity to students, faculty, and certain student-facing staff.

More than half of college students nationwide experience problems from unreliable connectivity. To help bridge the digital divide and create equitable opportunities in education, the university will begin to distribute iPad, along with a keyboard case and an unlimited data plan that includes 5G connectivity, during the fall 2023 semester. This means that students — even those who are virtual or living off-campus — can experience the 10.9-inch Liquid Retina display and the power and performance of the A14 Bionic chip, allowing students to access lectures, materials and app-based learning opportunities from virtually anywhere on the nation’s largest 5G network.

“Partnering with T-Mobile will help us provide Bradley’s students with the ability to learn in the same mobile-first environment that is increasingly prevalent in the professional world,” said Christopher Jones, PhD, Vice President for Strategy and Innovation at Bradley University. “Bringing 5G to our students and campus allows us to advance a digitally equitable learning environment and a holistically connected campus.”

“We are thrilled to embark on this transformative partnership with T-Mobile, bringing cutting-edge technology to Bradley University, and revolutionizing the way our students learn, collaborate, and thrive in the digital age,” added Bradley University President Steve Standifird.

On campus, the 5G Hybrid Network’s fast speeds, low latency and reliable connectivity open the door for more immersive classroom experiences, preparing students to be part of the 5G workforce by:

Creating mixed reality classroom experiences such as virtualization of complex machinery to teach learners how it operatesPreparing students for a future in the medical field via lessons on real-world telehealth technologiesUtilizing digital learning tools such as AI-powered note taking and other classroom interaction softwareAdopting powerful graphics-intensive video game development software to continue the innovation at the university’s award-winning game design program.

Bradley also plans to explore how the 5G Hybrid Network could increase operational efficiencies on-campus. For example, Bradley could use sensor-based data analysis to get automatic updates on information such as water quality, leak detection or refrigeration issues and use that data to automatically address any malfunctions.

“Bradley University is a shining example of how the education industry can embrace 5G to drive innovation and improve students’ lives,” said Callie Field, President, T-Mobile Business Group. “Bradley has already identified more than 20 unique use cases that could have an impact both on students’ learning experiences and the university’s operations in the future. And we’re thrilled to help them bring these innovations to life.”

As part of Bradley’s Digitally Connected Campus initiative, the rollout of iPad will begin during the 2023-2024 academic year, starting with full-time Bradley faculty and “discovery cohorts” of students that will represent approximately 25% of the student body. There will then be a full launch in Fall 2024 to include students, full-time faculty, and many student-facing staff members.

For more information on T-Mobile 5G ANS and how it can better connect your school, office or city, visit www.t-mobile.com.

Follow T-Mobile’s Official Twitter Newsroom @TMobileNews to stay up to date with the latest company news.

# # #

During congestion, heavy data users (>50GB/mo. for most plans) and customers choosing lower-prioritized plans may notice lower speeds than other customers; see plan for details. Video typically streams on smartphone/tablet in SD quality. See 5G device, coverage, & access details at T-Mobile.com.

About T-Mobile

T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information please visit: https://www.t-mobile.com

About Bradley University

Bradley University is a top-ranked, private university in Peoria, Illinois, offering nearly 6,000 undergraduate and graduate students opportunities, choices, and resources to build their futures. Innovation, action, and collaboration drive Bradley students to generate ideas and create solutions that remake the world around them. Our comprehensive array of undergraduate and graduate academic programs includes business, communications, education, engineering, fine arts, health sciences, liberal arts and sciences, and technology.

Media Contacts 
T-Mobile US, Inc. Media Relations 
MediaRelations@t-mobile.com

Bradley University Media Relations 
lderry@bradley.edu

Investor Relations Contact 
T-Mobile US, Inc. 
investor.relations@t-mobile.com 
https://investor.t-mobile.com

Originally published on DICK’S Sporting Goods Sideline Report

This past June, A Step Beyond was hosting its annual dance recital in Escondido, California to showcase the intricate dance numbers they had practiced routinely over the past year. All of the discipline and attention to detail had led to this moment. Little did those in attendance know, but the high-quality performances wouldn’t be the only surprise of the night.

As Teaching Artists Jennifer Oliver and Karla Navarro read a note from The DICK’S Sporting Goods Foundation, they immediately became emotional. As they made their way through the message and then translated it to Spanish for the majority Hispanic crowd in attendance, it was revealed that A Step Beyond was just given $75,000 as part of the 75for75 Sports Matter Grant Program.

A Step Beyond provides students with much more than just an education in dance. It provides a safe space and guiding road for kids from a young age. The group’s mission is to get kids involved with the program in the 3rd grade and keep them engaged for the next ten years on their way to graduating from high school. This year marked the first class of graduates as six students that had been with the program for the past nine years had stayed on the path and graduated from their respective high schools.

Beyond the support services provided, A Step Beyond also allows the students to build friendships with others from similar backgrounds.

According to James Wright, CEO of A Step Beyond, it’s a program that is unique and impactful.

“Dance is a beautiful and powerful way of preparing youth for success in life,” said Wright. “The program helps the students as they receive dance education, academic support, and family services such as counseling and emergency food, housing, or utility assistance.”

Brad Coonradt, Senior Community Marketing Manager at DICK’S Sporting Goods, was part of the group that was able to surprise A Step Beyond with the grant that will enable them to expand their participation and impact more lives in the greater Escondido area.

“We were able to work with a member of the group to keep everything a surprise and at the conclusion of the recital we delivered the card to their leadership. As they were reading it, everyone started cheering and it was just an amazing moment,” said Coonradt. “There were board members there and once they found out we were from DICK’S, they were giving us hugs, there were tears, and they were just blown away at what this could do to help the program and how they could impact even more lives.”

The impact of this grant will be felt for years to come as it will allow participation to be grown beyond what was already planned.

“Every year, we can only accept between 40 to 50 students, so every dollar that’s donated allows us to bring in additional students,” Wright said after the grant presentation.

The 75for75 Sports Matter Grant Program was launched in March in support of DICK’S Sports Change Lives campaign and in honor of the company’s 75th anniversary. The program was developed to provide 75 grants worth $75,000 each to under-resourced youth sports programs across the country.

To learn more and support the 75for75 Sports Matter Grant Program and The DICK’S Sporting Goods Foundation, visit www.sportsmatter.org.

July 19, 2023 /3BL/ – Points of Light, the world’s largest nonprofit dedicated to accelerating people-powered change, announced today that Anita Whitehead, president and chair of the KPMG U.S. Foundation will serve as the chair of the Points of Light Corporate Service Council. Started in 2005, the Corporate Service Council is a membership program for businesses that provides top CSR and corporate citizenship leaders with actionable resources, sector trends and insights, in-person and virtual learning events, peer networking opportunities and access to a network of industry experts to spark innovation and advance social impact goals.

“Anita Whitehead is a leader in the corporate social responsibility field and brings expertise that will benefit all of Points of Light’s Corporate Service Council members,” said Diane Quest, interim president and CEO of Points of Light. “Her insights into best practices in corporate giving and employee engagement will help our council companies engage more deeply and effectively in communities around the globe. We are grateful for her leadership as the Corporate Service Council chair.”

In addition to her role as chair of the KPMG U.S. Foundation, Anita serves as the KPMG lead for Social Impact services, where she focuses on the needs of nonprofit and corporate clients as they fulfill their charitable purpose. In her 22 years with the firm, Anita has advised some of the world’s top companies on industry-leading practices in corporate responsibility strategy and corporate philanthropy.

“Our commitment to having a positive impact on our communities is core to our values at KPMG. Our people work together, for better every day to build trusted relationships and drive lasting change in our communities that is measurable, sustainable and transformational,” said Anita. “We continue to find the most impactful ways to serve those around us, which is why I’m thrilled to continue collaborating with Points of Light and support the Corporate Service Council in this role.”

Points of Light is grateful for the leadership of outgoing Corporate Service Council Chair Charlene Lake, AT&T Chief Sustainability Officer and Senior Vice President of Corporate Social Responsibility, and Chair of the AT&T Foundation. Her support helped Points of Light shepherd civic engagement leaders through a time of unprecedented challenges, from COVID-19 and its crushing health and educational impacts to societal unrest as companies reckoned with and address racial injustices.

About Points of Light  

Points of Light is a nonpartisan, global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world. We envision a world in which every individual discovers the power to make a difference, creating healthy communities in vibrant, participatory societies. Through 145 affiliates across 39 countries, and in partnership with thousands of nonprofits and corporations, Points of Light engages 3.7 million people in 16.7 million hours of service each year. We bring the power of people to bear where it’s needed most. For more information, visit pointsoflight.org. 

About KPMG LLP

KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing Audit, Tax and Advisory services. The KPMG global organization operates in 143 countries and territories and has more than 265,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity and eradicating childhood illiteracy. Learn more at www.kpmg.com/us.