BELLEVUE, Wash.–(BUSINESS WIRE)–Symetra Financial Corporation today announced the publication of its first corporate social responsibility (CSR) report —Symetra Social Impact 2022.
Launched in March 2022, Symetra’s CSR program focuses on driving transformation across three priority areas—social commitments, sustainability and governance. Eight initial goals, aligned with the United Nations Sustainable Development Goals, underscore Symetra’s commitment to advancing positive social change, supporting a healthier environment, and making a better world for the communities it serves. The new report details progress and key accomplishments from the program’s inaugural year and highlights the company’s ongoing efforts.
“Serving our customers, supporting our employees, and innovating for the future are critically important to Symetra’s long-term success. Equally vital, we believe, is our work to support and give back to our communities,” said Margaret Meister, president and chief executive officer, Symetra Financial Corporation. “With Symetra Social Impact, we aim to be intentional and transparent about the goals we’ve set and the progress we’re making to create positive impact for people and for the planet.”
2022 Symetra Social Impact program accomplishments:
- Invested $2.8 million in communities, directing more than 25 percent of funding to organizations and initiatives advancing racial equity and social justice.
- Surpassed 2025 annual employee participation goal of 65 percent, including over 6,400 volunteer hours.
- Named Morgan State University as national HBCU partner, providing multiyear, wraparound support for 25 MSU scholars by 2025 to fund tuition and barrier reduction for students.
- Launched a Missions environmental impact platform for employees, who saved 46,652.10 lbs. of CO2 and kept 18,115.30 lbs. of waste out of land fill sites.
- Named National Park Trust as first national environmental partner, funding environmental programming that provides equitable access opportunities to underserved youth and connects kids with parks, forests and the outdoors.
- Invested approximately $140 million to support renewable energy projects and infrastructure, and nearly $400 million in low-income housing tax credit funds, as of Dec. 31, 2022.
“Firmly grounded in our values and focused on meaningful outcomes, our Symetra Social Impact program made good progress in its inaugural year, thanks to strong community and civic partnerships, exceptional employee engagement, and committed leadership,” said Sharmila Swenson, vice president, Public Affairs & Social Impact. “As we build on that momentum, we’re excited by the initiatives underway in 2023 that will contribute to successfully achieving program goals.”
To learn more about Symetra’s CSR initiatives and progress in 2022, visit https://www.symetra.com/about-us/social-impact/.
About Symetra
Symetra Financial Corporation is a diversified financial services company based in Bellevue, Washington. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent financial professionals and insurance producers. For more information, visit www.symetra.com.
Contacts
Diana McSweeney
(425) 256-6167
diana.mcsweeney@symetra.com
