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 Management 18 Manulife Investment Management values and actively supports the robust integration of sustainability principles across our investment approaches and active ownership activities. This holds true across asset classes, geographies, and our business identities, whether we are acting as asset operators, equity holders, or debt holders. We aim to deliver strong risk-adjusted investment returns for our clients over time, while helping realize a sustainable trajectory for the global economy. 19 Supporting Our Clients We are committed to a program of ongoing education on sustainability as we understand the importance of increasing knowledge, understanding, and awareness of ESG risks and opportunities that are material to financial outcomes. In 2022, we implemented the Manulife Investment Management Sustainable Investing Academy, an education curriculum that covers a range of key sustainability topics. The education program was made available to institutional investors in Canada, with the current objective of expanding to other markets in the future. Sustainability as Standard Our sustainable investing teams prepare annual sustainable investment goals to drive financial value creation and better sustainability outcomes. Individual team members have oversight and responsibility for the goal accomplishment. For example, goals for our private asset class investments teams include enhancing tools to integrate ESG factors throughout the investment life cycle and providing support to the development of new and existing products. Similarly, goals for our public markets investments teams include increasing impact of engagements, ESG integration success measures, system enhancements, and structured training sessions. Initially, the goals are presented by the sustainable investing teams to the respective private markets and public sustainable investment committees, which are composed of functional leads from legal, compliance, risk, and investment teams, for review and input. These goals are then reviewed continuously through execution of work plans, and the sustainable investing teams report activities and progress of the business plans to their respective committees. These goals are prioritized based on the impact they will have on the overall investment processes and the firm’s objective to achieve ongoing excellence in ESG integration. Our group of dedicated sustainable investment professionals reinforces and strengthens ESG integration and stewardship activities across our investment teams and asset classes. 18 The activities, p olicies, and processes of Manulife Investment Management described in this ESG Report are descriptive of practices of certain of our internal investment teams in our Private Markets and Public Markets business units, some of whom manage assets on behalf of the Manulife General Account. This Report does not reflect the investment activities or practices of non-affiliated asset managers who manage Manulife Investment Management-sponsored funds on our behalf. 19 Integr ation is based on Manulife Investment Management’s Proprietary Integration Progression Levels (IPL), which measures investment teams progress in ESG integration. We look to incorporate material ESG considerations throughout the stages of our investment and asset ownership lifecycles, taking into account the characteristics of the asset class and investment process in question, as well as industry and geography, among other factors. Each investment team operates in different markets and with different nuances to its approach to investing. Accordingly, each team integrates ESG factors into its investment process in a manner that best aligns with its investment approach. Private Markets In Real Assets, we are frequently both the asset manager and operator, which we believe positions us well to influence sustainable business practices and identify related concerns. For example, where we invest and operate assets in our real estate, timberland, and agriculture portfolios, we seek to raise the bar of sustainable investing and stewardship, while enhancing the value of our assets and having a positive impact on all our stakeholders. In our infrastructure, private equity, and credit investments, we focus on building strong relationships with companies, sponsors, and co-investors, which enables a meaningful approach to sustainability and enhances our influence over key assets and portfolio companies. Our strategies integrate ESG factors throughout the investment lifecycle: 1. We use our sustainable investing due diligence process, based on a combination of external resources including the SASB, the Principles for Responsible Investing (PRI), and our own internal expertise. 2. We document sustainable investing due diligence in an investment memorandum that is evaluated during the investment committee approval process. 3. We continue to monitor material aspects that might affect an asset or company, including ESG factors, once an investment is made. 4. We communicate ESG-related information regularly to our investors through our quarterly reports, at annual general meetings, or on an ad hoc basis when requested by investors. Managing Forests and Farms Our agriculture and timberland businesses exist to create value through the sustainable management of natural resource investments, as outlined in our Timberland and Agriculture Sustainable Investing Framework . As stewards of these natural capital assets, we recognize their intrinsic value far exceeds the commercial value of the land and the harvest alone. Our foundational principle is that good stewardship is good business, and we reflect this in the way we manage our investments with three major sustainability priorities in mind: climate, nature, and people. We take a data-driven approach that relies on measuring and monitoring the actions we take in support of our sustainability priorities. Core to this approach is independent assurance that we conform to credible third-party sustainability standards. 15