Equitable Holdings, Inc.

Climate Impact & Sustainability Data (2023)

Expanded greenhouse gas emissions inventory to include Scope 3, Category 6 (business travel) emissions with limited assurance
Improved Sustainalytics and S&P ESG rating scores. For the first time, rated in low-risk category for Sustainalytics, and received best S&P score to date with a score of 37 (up six points year over year).
Hosted nearly 200 volunteer events resulting in more than 6,500 hours of service, a 31% increase over prior year. Established social impact programs in Syracuse, based on local needs, and facilitated more than 50 volunteer events, earning the 2023 Impact Award from United Way of Central New York.
Achieved Impact Investment goal by committing c. $1.6bn towards impact investments.

Continued improvements in representation, engagement, and inclusion of our diverse populations, measured by increased retention and eNPS scores among Asians, Blacks, Hispanic/Latinos and Women.
Introduced Athena Accelerator and Equitable’s People Inspiring Change (EPIC) designed to identify and nourish new ideas, leverage data to drive insights and cultivate an environment where our people can thrive.
Delivered targeted wellness programming across four dimensions (physical, financial, emotional and social) to enhance employee well-being and organizational performance. Provided enterprise-wide training for over 1,500 employees that achieved a 100% eNPS score.
Enhanced benefit offerings to be more inclusive, including amendments to our existing adoption policy to now include reimbursement for surrogacy expenses and eliminate the working spouse surcharge on Equitable’s medical benefits.
Executed on our DE&I strategy, creating trust and belonging throughout the organization, with more than 125 diverse employees participating in a talent program that provided skill building and mentorship in 2023. Increased corporate female leadership representation to 49%, up from 46% in prior year.

Amended the Corporate Governance Guidelines to reduce the number of permitted total public company board appointments for non-executive Directors from five to four.
Amended the Compensation Committee’s Charter to, among other things, formally change the Committee’s name from “Compensation Committee” to “Compensation and Talent Committee” to better align the Committee’s name with its existing duties.
Amended our Clawback and Forfeiture Policy effective October 2, 2023 to comply with the requirements under the final SEC clawback rules (issued on October 26, 2022) and the New York Stock Exchange listing standards.

Medium-term Goals:

Short-term Goals:

Difficult institutional fundraising environment
Continued heightened mortality
Equity market decline in 2022, including lower assets under management and lower expected returns from our alternative investments portfolio

Developed credible financial plan for Investor Day to grow EPS 12-15% by 2027 and increase cash generation to $2bn at a faster rate than peers.
Adopted LDTI reporting and completed re-segmentation adding Legacy and Wealth Management segments, increasing transparency of financial reporting.
Completed internal reinsurance transaction to enhance transparency of cash flows and maintain economic management of the insurance business.
Achieved $52m of incremental General Account net investment income, on track to reach $110m target by 2027.
Delivered $38m run-rate expense savings as of year-end following Equitable headquarters relocation, on track to complete $150m target by 2027.

Climate Change Data