Since our founding in 1851, MassMutual has been committed to helping people secure their future and protect the ones they love. That purpose not only applies to our business and the solutions we offer, but also to the impact we have on those who depend on us: our customers, our employees, and our communities. This is why we are deeply committed to diversity, equity, and inclusion (DEI). We want to be part of creating a sustainable world where more people have equitable access to the broadest range of economic and career opportunities to help them achieve financial security.
For us, this vision for a better world begins with creating a culture of inclusion and belonging at our company, valuing diverse backgrounds, experiences, and perspectives. We have focused our work in multiple areas – from offering our employees education on such topics as unconscious bias, antiracism, and culturally competent leadership, to measuring the diversity of our workforce as a key part of our performance and being transparent about our progress, to expanding the diversity of our network of financial professionals to better serve the unique needs of our increasingly diverse base of customers.
We’ve been on this journey for more than a decade and have made significant progress along the way. More than half of the members of our Board of Directors are either women or racially or ethnically diverse. In the last three years, we’ve notably increased racial diversity in leadership roles and in our veteran, LGBTQ+ and individuals with disabilities communities, and are on track to reach gender parity for women leaders by 2030. We’ve dramatically expanded both employee membership and influence of our eight Business Resource Groups. And we’ve earned notable industry recognition that reflects the advancements we’ve made.
Along with our efforts to foster greater inclusion within our company, we also recognize the economic imperative of helping diverse businesses realize opportunities to thrive. To that end, we’re developing robust relationships with and growing our spend with diverse suppliers, investing in diverse supplier development, and sharing insights to help other companies on their journey to embed DEI practices within their operations. This will help ensure that the companies we do business with reflect our own values, and that our spending aligns with our priorities.
And finally, we are committed to fostering greater inclusion among the communities we serve. Whether it’s supporting LGBTQ+ rights, devoting our talent and resources to initiatives that seek to end systemic racism, or investing capital into businesses that have a positive social and environmental impact – we understand and embrace our responsibility to use our influence for the greater good and drive meaningful, lasting change.
While we are proud of our progress and accomplishments, we know there is so much more to do. We look forward to continuing this journey and playing an important role in the creation of a world that truly recognizes and values the differences among us.
Chairman, President & CEO