Ranking fourth within the Insurance
industry, Manulife recognized for performance in sustainable
revenues and investments
DAVOS, Switzerland,
Jan. 17, 2024 /PRNewswire/ --
Manulife (TSX: MFC) has been named to the 2024 Corporate Knights
Global 100 rankings as one of the world's most sustainable
companies. Now in its 20th year, the Global 100
quantitatively compares and ranks how the world's largest publicly
traded companies embrace sustainability as part of its strategy,
equally emphasizing the impact of a company's operations along with
its core products and services on people and the planet. The
ranking is based on a rigorous assessment of 6,720 companies with
more than US$1 billion in annual
gross revenues.
"When we first introduced our Impact Agenda, we were excited to
have a framework in place to help us continue to build a business
capable of meeting the evolving needs of our customers, our
communities, and our environment," said Roy
Gori, Manulife's President and CEO. "As the world continues
to experience geopolitical, environmental, and economic
uncertainty, it's important that the contributions our products and
services make to the global economy are guided by this vision. This
honour is a testament to the work our teams do to make decisions
easier and lives better for our more than 34 million
customers."
Manulife's performance in the Global 100 assessment was driven
largely through revenues earned from sustainable sources.
Through its behavioural insurance program, Manulife continues to
expand the availability of products and services that empower
sustained health and well-being such as Vitality and ManulifeMOVE,
which provide eligible customers access to leading innovations,
like GRAIL's Galleri® multi-cancer early detection test. Through
its investment management arm, the organization has a robust
sustainable investment program through portfolio ESG integration
across its public and private market investments and is the world's
largest manager of natural capital with nearly $15 billion in assets under management in
timberland and agriculture combined.
Corporate Knights also recognized Manulife's strong long-term
focus on diversity at the Board and executive management levels,
and in connecting sustainability to compensation and
performance. For 2022, 64% of the independent directors on
Manulife's Board self-identified as women1 and 27% of
the independent directors on the Board self-identified as members
of a visible minority2. Manulife's full scorecard is
available on the Corporate Knights website.
"As a health and wealth company, we know how important it is to
accelerate a sustainable future and drive inclusive economic
opportunity," said Sarah Chapman,
Manulife's Global Chief Sustainability Officer. "Through our Impact
Agenda, we are continuing to address urgent global needs that
matter most to our colleagues, our clients, and the communities we
serve. To be named to the Global 100 is an honour, and we remain
committed to harnessing our unique strengths and the diversity of
our business to deliver benefits for our business, our people and
our planet."
In addition to being named to this year's Global 100, Manulife
has also been recognized by Corporate Knights as one of
Canada's Top 50 Companies for the
last three years. In 2023, Manulife was ranked within approximately
the top 2 per cent of its Financials and Insurance Global Industry
Classification Standard (GICS) sector and industry peer
groups, respectively. Manulife's full scorecard is available on the
Corporate Knights website.
More recently, Manulife was one of only eight insurers to be
named to this year's Dow Jones Sustainability North America Index,
underscoring Manulife's leading sustainable business practices and
its proven ability to deliver long-term shareholder value.
Visit Manulife.com/sustainability to learn more about the firm's
Impact Agenda and to read its 2023 Environmental, Social, and
Governance (ESG) Report.
______________________________________
|
1
|
Data as of February 28,
2023.
|
2
|
As defined by the
Employment Equity Act (Canada). Data as of February 28,
2023
|
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.
Logo -
https://mma.prnewswire.com/media/2319809/Manulife_Manulife_Named_to_2024_Corporate_Knights_Global_100.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/manulife-named-to-2024-corporate-knights-global-100-302036637.html