2022 ESG Report Introduction ESG at Manulife ESG Governance Sustainable Investing ESG in Asset Management ESG in Asset Ownership Partnerships and Engagements Environmental Social Governance Performance Data Abbreviations and Acronyms ESG in Asset Ownership Managing Our Own Portfolio of Investments Manulife’s General Account consists of our company’s own assets, which largely support our policyholder liabilities in Canada, the U.S., and Asia. We believe that delivering strong-risk adjusted returns includes the consideration of ESG-related risks and opportunities in our investment processes. Integrating ESG Factors into Investment Decisions The Manulife General Account maintains its own ESG Governance and has developed ESG Investment Guidelines for its investment mandates, which include requirements to: • Consider and screen ESG risks and opportunities material to specific investments and assess their relevance. • Monitor material ESG issues at the issuer level as part of ongoing investment surveillance. • Discuss material ESG risks in investment reviews and approval materials. These guidelines are complemented by several additional policies that contribute to the General Account’s overall risk management and governance structure with respect to its investment activities, such as the General Account’s Environmental Risk Policy, Anti-Money Laundering and Anti-Terrorist Financing Policy, Code of Business Conduct and Ethics, and the Global Reputation Risk Policy. We continue to grow our portfolio of sustainable investments in our General Account 11.7% of our General Account portfolio is held in sustainable investments General Account Green Investments ($ billions) $19.3 B, Green buildings Direct equity investments and commercial mortgages, backed by green building certifications Leadership in Energy and Environmental Design (LEED), Buildings Owners and Managers Association (BOMA Best), and Energy Star. Residential mortgages are not relevant to Manulife at this time and are excluded. $11.1 B, Renewable energy Private debt and equity financing of energy from renewable sources (solar, wind, geothermal, waste biomass, hydroenergy). $4.8 B, Sustainably managed timberlands Private timberland assets operated by Manulife subsidiary Manulife Investment Management Timberland and Agriculture and certified to the Leading Harvest Standard. $2.9 B, Energy efficiency Private debt financing of energy efficiency upgrades at U.S. government sites. $3.3 B, Clean transportation Private debt financing of electrified transport and mass public transit. $2.0 B, Sustainably managed agriculture Private agriculture assets operated by Manulife subsidiary Manulife Investment Management Timberland and Agriculture and private placements certified to Forest Stewardship Council (FSC) and Programme for the Endorsement of Forest Certification (PEFC) standards. $0.7 B, Sustainable management of water resources Private debt financing of water recycling and purification businesses. $0.9 B, Green bonds Private debt and equity investments; public securities excluded with the exception of several green bond investments. General Account Social Investments ($ billions) $1.9 B, Access to affordable healthcare 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, U.S., and the U.K and (ii) GA private investments in non-profit Canadian hospitals and non-profit long-term-care facilities. $0.2 B, Access to affordable education Free or substantially subsidized and/or non-profit institutions that provide accessible and affordable education 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 GA private investments in non-profit school boards (K12 Education) in Canada and the U.S. $0.2 B, Access to affordable housing Housing at or below 80% of average market rent or that meet national/regional affordable housing definitions. Investments correspond to GA private equity investments in affordable multi- family real estate within the US in accordance with local/regional standards (pro-rate amount taken for affordable portion). General Account Green Investments General Account Social Investments 2019 $27.6 B 2020 $39.8 B 2021 2022 $44.9 B $47.5 B 18