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Manulife IM’s timberland properties have planted over 50 million seedlings, produced sufficient lumber to assemble greater than 100,000 homes, generated fibrewood to create roughly 2.2 million tons of paper, and produced biomass to provide electrical energy to 1,500 American properties for a 12 months.
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In 2023, one hundred pc of the agency’s agriculture portfolio shopper properties employed no less than one regenerative follow, with 78 p.c utilizing 4 or extra such practices.
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The agency is on observe to satisfy its 5 nature targets, aligned with the Finance for Biodiversity Pledge, by 2025. These targets embrace enhancing collaboration on evaluation methodologies, integrating biodiversity into ESG insurance policies, assessing the impression of investments on biodiversity, setting science-based targets to enhance biodiversity outcomes, and yearly reporting progress.
Brian Kernohan, chief sustainability officer at Manulife IM, remarked, “Pure capital is not only an idea; it’s a measurable and monetizable actuality that gives intrinsic worth to the worldwide economic system. We see nature as a mispriced asset that provides true financial and societal worth for everybody’s profit.”
The TCFD report highlights Manulife IM’s efforts to include climate-related dangers and alternatives into its funding selections. The report focuses on the agency’s governance, technique, threat administration, and the metrics and targets it employs. Notable highlights from the TCFD report embrace:
- 90 p.c of Manulife IM’s world actual property fairness portfolio has achieved certification beneath a inexperienced constructing commonplace, corresponding to LEED, ENERGY STAR, or BOMA BEST.
- The agency’s managed forests and farms have eliminated an estimated 1.5 million tons of CO2e from the ambiance over a five-year rolling common.
- Manulife IM goals to increase entry to a broader vary of sustainable investing choices for its shoppers.
The SRI report provides a complete overview of Manulife IM’s strategy to sustainable investing, together with its governance, stewardship practices, PRI scorecard, and different sustainability achievements. Key highlights from the SRI report embrace:
- The publication of Manulife IM’s inaugural nature report, aligned with the suggestions of the Taskforce on Nature-related Monetary Disclosures (TNFD), detailing how the agency manages nature-related dangers and alternatives inside its timberland and agriculture portfolios.
- The achievement of a GRESB 5 Star ranking for the sixth consecutive 12 months.
- The formalization of a sustainable investing technique for the agency’s non-public fairness and credit score platform, together with the institution of near-term priorities and long-term commitments.
- The event of a firmwide client-directed exclusions framework.
- The publication of a water assertion, underscoring the vital significance of water to human well being, livelihoods, ecosystems, the worldwide economic system, and the way forward for asset administration.
“As we proceed to navigate the dynamic panorama of sustainable investing, our reporting goals to supply complete insights that drive optimistic change and foster long-term sustainability,” Kernohan concluded.
“We stay dedicated to enhancing our reporting so that every one stakeholders can acquire a transparent understanding of our efforts to handle local weather impression, tackle threat exposures, and create long-term worth.”