Our commitment to diversity, equity, and inclusion

At MassMutual, we are driven by shared values that help ensure we’re doing what’s right for our customers, workforce, and communities. Our commitment to being a diverse, equitable, and inclusive company does not waver and is non-negotiable. We stand firmly and act intentionally against racism and inequity in any form.

Building an inclusive culture

Our commitment focuses on education, action, and accountability. Our vision for a better world begins with creating a culture of inclusion and belonging at our company, valuing diverse backgrounds, experiences, and perspectives. It is an integral part of our purpose to help people secure their future and protect the ones they love.

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“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.”

We're putting in the work

We aim to create a workplace where employees from diverse backgrounds, cultures, and experiences are welcomed, valued, and heard. Specifically, we have focused on providing transformative education, creating shared accountability for our results, and increasing transparency about our employee demographics. We are pleased to share our journey and results.

Women comprise more than half of our workforce, and 41% of our leaders. We had a 19% increase in racial/ethnic diversity over the past three years, with a 28% increase in the racial/ethnic diversity of leaders for the same time period.

All employees (6,349 YE 2021)

Graph of demographics: 27% of Board of Directors are people of color. 45% of our board of directors are women. 53% of our employees are women. 41% of leaders are women. 21.9% of leaders are people of color. 29% of employees are people of color.

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OUR WORKFORCE DEMOGRAPHICS CAREER OPPORTUNITIES AT MASSMUTUAL

Our commitment to address the systemic racial wealth disparities that have hindered communities of color for far too long will reach broader and deeper through:

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Supplier diversity

Our supplier diversity program aligns with our core values and is focused on working with suppliers to help ensure their continued investment in diversity, equity, and inclusion within their businesses. Our strategy is also focused on increasing relationships with diverse-owned businesses while investing in programs that help diverse-owned businesses to grow and scale.

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Investing in entrepreneurship

Our $50 million MassMutual Catalyst Fund, a hybrid investment, is committing $25 million to capital investments in Black-owned businesses in Massachusetts.

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Providing access to capital

Our separate investments with three to four African American, Latinx, and Indigenous managers of private equity funds will focus on revenue-generating enterprises that support minority communities through investment.

Part of our promise to Live Mutual is to help make our world a better place for all people

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Grant news

The Healing Racism Institute of Pioneer Valley (HRIPV) has announced that it has received a $300,000 grant from the MassMutual Foundation, serving as lead gift for the launch of a $1 million three-year capital fund drive for the institute.