MassMutual is Listed among the 50 Most Community-Minded Businesses

Today, Points of Light, the world’s largest nonprofit dedicated to accelerating people-powered change, announced The Civic 50 honorees of 2022 and a report featuring key trends, benchmarking data, and insights from the honorees. In its first year applying, Massachusetts Mutual Life Insurance Company (MassMutual) has been named a 2022 honoree of The Civic 50.

The Civic 50 has been the national standard in corporate citizenship for over ten years. It highlights how companies can use their skills, time, and resources, to create social impact in their communities as well as their company. The Civic 50 honorees are companies with annual U.S. revenues of at least $1 billion and are selected based on four dimensions of their corporate citizenship and social impact programs – investment of resources, integration across business functions, institutionalization through policies and systems and impact measurement.

“MassMutual is proud and honored to be named among The Civic 50’s most community-minded companies,” Roger Crandall, Chairman and President of MassMutual, said:. “This recognition reflects our enduring commitment to working toward the success of all our stakeholders. Through our ongoing investments in areas that have significant impact and expand financial resiliency in our communities, we look forward to making meaningful contributions to our world with our fellow honorees for generations to come.”

MassMutual donated more than $20 million to U.S. charities in 2021. The contributions included grants and contributions for education, financial wellbeing, economic development, and entrepreneurship. MassMutual employees donated nearly $2 million to charity through company-sponsored volunteerism. This included over 11,000 hours of volunteering. MassMutual’s legal division started a pro-bono program, which has been growing since its inception 15 years ago. It provides thousands of hours of legal assistance to those facing eviction, veterans, and immigrants. Another example: A grant from the MassMutual Foundation, combined with support from the legal division, was instrumental in the development and growth of the Center for Social Justice at Western New England University’s School of Law located in Springfield, Mass.

“Corporate leadership and commitment to civic engagement is critical for strengthening communities,” said Natalye Paquin, president & CEO of Points of Light. “Our most recent global research shows 86 percent of people say they expect companies to take action on a social issue. Companies like MassMutual are leading the way and setting an example of how you can leverage your employee talent, business models and assets to create deep impact that drives transformational change.”

True Impact administers the Civic 50 survey. It consists of multiple-choice and quantitative questions that help to score points. Civic 50 is the only ranking and survey that measures corporate involvement in communities.

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