Report shares firm's continued progress
towards generating long-term value for its business, its
communities, and the planet
TORONTO, May 9, 2023
/CNW/ - Manulife (TSX: MFC) today released its 2022 Environmental,
Social, and Governance (ESG) Report, as well as its 2022 Public
Accountability Statement, detailing its approach, performance, and
achievements relative to its overall sustainability efforts across
the global trends of climate change, nature loss, rising inequity,
digitization, and talent.
The firm's 2022 ESG Report includes the
following1:
Environmental
- A portfolio of C$68.6
billion in green investments at Manulife
company-wide2;
- Surpassed 1.3 billion planted trees by Manulife
Investment Management since 1985;
- 100% green energy powering Manulife Bank ATMs across
Canada;
- 98% of Manulife Investment Management managed farms
using regenerative practices; and
- 100% of our U.S. agriculture platform is certified to
Leading Harvest, a third-party sustainability
standard3.
Social
- $1.9 billion invested in
projects or initiatives providing accessible and affordable
healthcare to underserved populations worldwide4;
- $40.2 million invested in
employee training and development;
- 37% female representation in leadership roles at the
Assistant Vice President level;
- Achieved a top quartile employee engagement ranking
amongst financial services peers5; and
- $25.1 million in community
investment allocations worldwide.6
Governance
- 27% of the independent directors on Manulife's board
self-identify as members of a visible minority7;
- 64% female representation among Manulife's independent
directors on the firm's Board8;
- 100% of Manulife employees completed worldwide its Code
of Conduct training;
- A rigorous product governance framework reflective of
the firm's values to Obsess About Customers and Do The Right Thing;
and
- 100% of eligible employees completed privacy and
information security training, part of the firm's information and
cyber security governance framework.
"As a global life insurer and asset manager, we understand the
core connections between our environment, human health, and the
collective well-being of our customers and communities," said
Roy Gori, President and Chief
Executive Officer, Manulife. "The impact we made during 2022
reflects our long-term strategy to build a better business to
better the world. For all our stakeholders, we seek to empower
sustained health and well-being to support the journey toward a
better life, drive inclusive economic opportunities that create a
more even playing field, and accelerate a sustainable future which
preserves the planet we all share."
Not all offerings are available in all jurisdictions. Please
visit Manulife.com/sustainability to access copies of the reports,
and to learn more about the firm's recently released Impact
Agenda.
About Manulife
Manulife Financial Corporation is a leading international
financial services provider, helping people make their decisions
easier and lives better. With our global headquarters in
Toronto, Canada, we provide
financial advice and insurance, operating as Manulife across
Canada, Asia, and Europe, and primarily as John Hancock in the
United States. Through Manulife Investment Management, the
global brand for our Global Wealth and Asset Management segment, we
serve individuals, institutions, and retirement plan members
worldwide. At the end of 2022, we had more than 40,000 employees,
over 116,000 agents, and thousands of distribution partners,
serving over 34 million customers. We trade as 'MFC' on the
Toronto, New York, and the Philippine stock exchanges
and under '945' in Hong Kong.
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1 Please see our ESG Report for
further details about our performance metrics, including the
methodology for calculating and defining green
investments.
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2 Private
debt and equity investments, public securities excluded with the
exception of several green bond investments.
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3
Certification as of May 17, 2021 by Leading Harvest and is based on
an annual assessment of the conformation to the Farmland Management
Standard. Most current data shown. Please see
https://www.leadingharvest.org.
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4 Free
or substantially subsidized and/or non-profit facilities that
provide accessible and affordable healthcare regardless of ability
to pay to underserved populations, such as minorities, vulnerable
youth, people living below the poverty line, or households with
income below 80% of the AMI. Investments correspond to (i) GA
private investments related to the construction of healthcare
facilities in Canada, the U.S., and the U.K and (ii) GA private
investments in non-profit Canadian hospitals and nonprofit
long-term-care facilities.
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5 Against Gallup's financial and
insurance company benchmark.
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6 Includes cash, management costs,
and monetary value of during work hours volunteering.
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7 Data
as of February 28, 2023.
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8 Data as of
February 28, 2023.
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SOURCE Manulife