From natural disasters and affordability issues to rapidly changing economic conditions, we live in a time of housing uncertainty. Part of our mission at Freddie Mac is to mitigate that uncertainty by providing stability and sustainability to the housing finance system, so it continues to work for current and future generations.

To that end, Freddie Mac has implemented an enterprise-wide sustainability strategy that is integrated into each of our corporate priorities: delivering on our affordable housing commitments; managing risk; growing and developing talent; and building financial strength.

Our strategy prioritizes actions that support the continued success and longevity of our business, the housing industry and the planet. In this pursuit, we interpret “sustainability” as helping families buy or rent a home they can stay in long-term, providing security and stability.

Our recently released 2022 Sustainability Report presents the progress we have made in these areas by detailing our strategy, activities and performance.

For example, in 2022, we helped 440,000 families become first-time homebuyers, representing nearly half of all primary residence loans we purchased. We also financed more than 695,000 rental units, 96% of which were affordable to families earning at or below 120% of the area median income.

As we continue to see severe weather events impact the housing market, we have developed products that help incentivize environmental improvements, which is vital to creating a more resilient and sustainable housing stock.

Products like our GreenCHOICE Mortgages® offer financing to homeowners for energy- and/or water-efficiency improvements to their homes. We provided more than $1 billion in GreenCHOICE financing from 2019 to 2022. We also securitize these loans as Single-Family mortgage-backed securities, which further incentivizes green construction and energy-efficient home improvements in a way that is scalable.

On the multifamily side, we have identified opportunities to improve and finance workforce rental housing that benefits tenants, borrowers and the environment with lower monthly expenses and features that reduce energy and water consumption. This activity is financed by proceeds from our Multifamily Green Bonds. To date, we have issued $5 billion in Green Bonds supporting improvements across hundreds of rental properties.

Sustainability principles also guide how we operate internally. In 2022, our composting efforts helped eliminate more than 39 tons of carbon dioxide; we spent nearly 5,000 hours volunteering; and 100% of our employees completed annual trainings designed to mitigate and manage operational risk. Our Board of Directors also formed the Mission and Housing Sustainability Committee to provide oversight on these activities.

Most importantly, we continue to foster an inclusive workplace. Freddie Mac is proud to be a majority-minority company, with more than 50% of our employees identifying as racially or ethnically diverse, and 40% of our workforce are women. We have also been recognized by the Human Rights Campaign Foundation as one of the Best Places to Work for LGBTQ+ Equality.

At Freddie Mac, our people are our greatest resource, and the diverse backgrounds and experiences of our employees better position the company to fulfill our mission and serve all communities, through all market conditions.

We are proud of what we have accomplished thus far, but we know that there is much more work to do. We look forward to building upon our progress and will continue to refresh our sustainability strategy in order to Make Home Possible for the long term.

To read more about sustainability at Freddie Mac, visit freddiemac.com/about/sustainability.

©2024 by Freddie Mac.