Diversity & Inclusion at Freddie Mac
Our mission at Freddie Mac is to help create housing opportunities for individuals and families from all backgrounds and walks of life. Therefore, it is critical that our company – through our employees and business partners – reflect the many and varied communities we reach. We know that attracting, retaining and harnessing top talent with diverse backgrounds and different perspectives is critical to the success of our company and our vital work to serve our mission and support the nation's housing and economic recovery.
We take every opportunity to embed diversity and inclusion throughout our corporate culture and daily business practices. That's why you'll find a broad range of programs and initiatives in place that make us stronger as a team, as individuals, and as a partner to our community.
Committed to Diversity & Inclusion in Our Workplace
As a company, we are committed to ensuring a diverse and inclusive culture that recognizes and embraces the unique similarities and differences of our employees and business partners. We are engaging them by tapping into their ideas, experiences and diverse backgrounds to better understand and serve the end consumer and our diverse communities.
Training and Education
Throughout the year, Freddie Mac offers both online and instructor-led diversity training and education that can be used to forge stronger business relationships, make a more positive impact on our corporate culture, and further enhance business results.
Our instructor-led and Web-based programs include:
- Multi-generational Workforce (Four Generations – Four Approaches to Work)
- Cultural Competency (Enhancing Your Cultural Competency)
- Micro-inequities (Managing Micro-Triggers)
- Unconscious Bias (Exploring Unconscious Bias)
- Self-Efficacy training (Self-Efficacy for African Americans, Self-Efficacy for Hispanics/Latinos,
- Self-Efficacy training for LGBT, Self-Efficacy for Women, Asian Leadership in the 21st Century)
- Recruiting without Bias (Recruiting Through a Diversity Lens)
A number of other diversity and inclusion educational opportunities are available and we're working to further expand our offerings.
Executive Diversity Council
Our Executive Diversity Council, jointly led by Freddie Mac's Chief Executive Officer and Chief Diversity Officer, works to ensure that we have a proper balance of unique perspectives and ideas within our officer and senior director ranks.
Employee Network Groups
Seven employee network groups offer opportunities for professional development and an open and inclusive environment for sharing different cultural backgrounds and unique perspectives. These groups also support our core work by helping the business areas better understand and reach diverse communities. More than 25 percent of our employees have joined these groups, and many more participate in network-sponsored events throughout the year.
"Employer of Choice" Awards
Our diversity and inclusion efforts have consistently earned us recognition as an "employer of choice" by prominent diversity and inclusion-focused publications and organizations such as Working Mother Magazine, Hispanic Business Magazine, Black Enterprise Magazine and the Human Rights Campaign Foundation's Best Places to Work for LGBT Equality.
Reaching Our Diverse Communities through Partnerships
Freddie Mac partners with numerous diversity-focused organizations to help us understand and reach out to diverse communities, attract and recruit high-quality, diverse candidates, and strengthen our reputation as a 'great place to work' and inclusive employer.
Serving Our Community
We sponsor a wide range of programs that offer exciting and satisfying opportunities to give back in communities across the U.S. We're proud of the contributions Freddie Mac and its employees have made to our communities through programs, including:
- Capital Area Foreclosure Network: Freddie Mac helped launch a DC region Foreclosure Network to help housing counseling and legal services agencies better serve struggling borrowers, as well as renters affected by the foreclosure crisis. Freddie Mac organized the Network's first training attended by nearly 100 housing counselors.
- Financial Literacy Day: Freddie Mac employees conducted a series of financial literacy workshops and related activities for high school seniors from the Urban Alliance program.
- J.C. Nalle Community School: For more than 20 years Freddie Mac employees have been volunteering their care and support to students at this Southeast Washington, D.C. school.
We also support employees' financial contributions to charitable nonprofit organizations by matching donations dollar for dollar through our Matching Gift program.
Supporting Minority Business
Freddie Mac's Supplier Diversity program is designed to increase awareness of the capabilities, talents, and importance of minority-, women-, and disabled-owned businesses. Today, our program is linking us to highly skilled, diverse suppliers whose unique and innovative perspectives are helping us carry out our vital mission to support the nation's housing and economic recovery.
Over the years, the program continues to help businesses develop and expand their services while helping Freddie Mac take its own business further. Annually, we generate more than $250 million in contracts with these businesses. We are also active with the Virginia Minority Supplier Development Council, U.S. Hispanic Chamber of Commerce, U.S. Pan Asian American Chamber of Commerce, the Women Presidents' Educational Organization and other organizations supporting minority-, women-, and disabled-owned businesses. Internally, we have a Supplier Diversity Action Council (SDAC) that works to better integrate diversity and inclusion into contracting practices across all business areas.
The program's success has earned Freddie Mac national recognition for its Supplier Diversity efforts in Hispanic Business Magazine's Top Companies for Supplier Diversity and Black Enterprise Magazine's Top 40 Companies for Diversity. The program has also been honored with the Women Presidents' Educational Organization's prestigious "Outstanding Corporation Award" for its exemplary efforts to increase woman-owned business opportunities.
Meet some of Freddie Mac's diverse suppliers.