2022 ESG Report Introduction ESG at Manulife Environmental Climate Action Plan Our Operations Our Investments Our Products and Services Climate-related Risks and Opportunities Nature and Biodiversity Social Governance Performance Data Abbreviations and Acronyms Our approach to sustainable investing rests on three pillars: integration , stewardship , and collaboration . While their expressions may vary by asset class and investment team, each pillar is fundamental to our investment approach and forms the basis on which we pursue our sustainability objectives and those of our clients. Integration We combine active investment management with a deep understanding and integrated analysis of sustainability issues. Our integration practices grow from the unique philosophies and approaches of our investment teams across asset classes. Each team’s approach is informed by the global and regional perspectives of our dedicated sustainability professionals. This support extends across the investment, product, and asset class lifecycles and includes: • Analysis of sustainability risks and opportunities • Development of tools to aid sustainable investing • Engagement with management teams and/or a company’s Board of Directors regarding management of sustainability risks and opportunities • Training and education on sustainability matters • Guidance on exercising rights associated with an asset class • Internal assessments of our ESG integration efforts Stewardship We believe that good stewardship is fundamentally linked to good investing and is therefore an essential part of how we seek to enhance the resiliency of our clients’ assets as well as the markets on which they depend. In our management of timberland, agriculture, and real estate, our sustainability priorities are woven into our operations. Throughout the investment lifecycle of these asset classes, as well as in our infrastructure and private equity and credit portfolios, we continuously engage with our co-investors, investees, and business partners to encourage best practices, and we seek to monitor available ESG-related data to help ensure the efficacy of our approach. In public equities and fixed income, one aspect of our stewardship efforts is to engage with company management. We use our findings from these engagements to help determine intrinsic valuation, and we also collaborate with issuers through these conversations to encourage best practices related to issuer-specific sustainability factors. Collaboration Around the globe, we participate in a wide variety of discussions with industry peers, non-profits, NGOs, and other global entities. This work allows us to expand the scope of our sustainability-focused activity while helping us build more resilient portfolios. Private Markets Manulife Investment Management became a signatory to the ESG Data Convergence Initiative in April 2022, an industry-led initiative to increase transparency and standardization of ESG reporting from private companies. Becoming a signatory to the ESG Data Convergence Initiative supports our regular ESG data collection and reporting efforts, as it provides a standardized framework and set of metrics that can be tracked across our investments and shared with investors to help inform benchmarking across core ESG metrics. As a signatory to the Initiative, we aligned our sustainable investing reporting questionnaire with the Initiative’s assessment framework to contribute to achieving the Initiative’s objectives. Within our Private Equity and Credit strategies, we use our annual sustainable investing data collecting and reporting efforts to measure and monitor performance across a set of core metrics, such as GHG emissions (scope 1, 2, & 3), workforce and board-level diversity, and health and safety, to name a few. In 2022, we engaged a third-party provider to establish a baseline of our emissions for our infrastructure and private equity and credit portfolio. Given limited data available for private markets, we relied on GICS-level emissions factors to estimate emissions for our investments. Going forward, we plan on refining our carbon footprint estimation methodology and data by leveraging the reported GHG emissions we gather from our portfolio companies on an annual basis. We aim to review the GHG emissions of our portfolio companies and identify methods to incorporate this data with the estimates to calculate a more robust carbon footprint for our infrastructure portfolio. Timberland and Agriculture We seek to limit the impacts of climate change by responsibly using and managing land, creating carbon sequestration opportunities with our forests and farms, and mitigating climate change through investing in renewables and energy efficiency. During the year, we launched or progressed on several initiatives to offer new and improved timberland and agriculture products and services to our clients. Nature-positive ecosystem In 2022, working in partnership with the Delphi Group, we mapped the landscape of opportunities for nature action and released the Nature-positive ecosystem 46 , a practical guide to major initiatives focused on protecting and restoring nature. As members of the World Business Council for Sustainable Development (WBSCD), we collaborate with other members to advance sustainable development. Last year, we co-led a project with other forest sector companies to develop the Forest Sector Nature-Positive Roadmap. Launched the Manulife Forest Climate Strategy In 2022, we structured and launched capital-raising activities for our Manulife Forest Climate Strategy, which will promote climate change mitigation by investing in sustainably managed forests that prioritize carbon sequestration. The core of the investment thesis is centred on the timberlands being used primarily to store carbon and to generate high-quality, high-integrity carbon credits. 46 F or additional information regarding Manulife Investment Management’s ESG investment capabilities for institutional investors only, please visit www.manulifeim.institutional/sustainability . 31