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 Real Estate Within our real estate portfolio, we made several enhancements to our approach to nature and biodiversity during the year through the implementation of new guidelines and procedures. We updated our procedures for new developments to include nature and biodiversity in due diligence templates and development requirements. This includes requirements to: • Grow tree canopy on streets and parking lots • Convert hardscapes to green or cool paving • Use a minimum of 50% native plants for landscaping • Install a green roof for all usable roof space • Achieve net-positive biodiversity impact for green field developments We updated our Sustainable Building Standards to incorporate considerations and initiatives focused on the preservation of local biodiversity and nature. This includes requirements such as installing beehives or other wildlife shelters, implementing bird-friendly management practices, eliminating pesticide use, converting hardscapes to green/ open-grid paving, and installing green roofs or rooftop gardens. As part of our ongoing commitment to nature and biodiversity, we have also developed guidance material to support property teams in identifying preventative measures that integrate responsible lighting control and operational protocols to mitigate preventable bird deaths. Migratory birds may not be accustomed to urban environments and are often harmed by clear and reflective glass surfaces, as well as non-essential nighttime lighting that can cause fatal window collisions. In our owned and operated real estate, we seek opportunities to enhance biodiversity in the urban environment and are a partner to organizations such as: • MicroHabitat: We have continued our partnership with urban agricultural provider MicroHabitat to plant gardens on the rooftops and grounds of buildings we own. Through this partnership, 6,000 edible plants have been grown in our MicroHabitat urban farms, providing food and shelter for pollinators and other beneficial insects. During the 2022 season, a total of 3,600 pounds of vegetables, edible flowers, and herbs were harvested from our 12 urban farms located in three cities across Canada. All the produce was donated to local food banks. • Alvéole: In 2022, we continued our partnership with urban beekeeping company Alvéole. Manulife now has beehive projects in 13 cities across Canada and the U.S. with 81 urban beehives on 52 Manulife properties. At the peak of the season we estimate that this represents over 4,000,000 bees, which collectively pollinate over 1,470 square kilometres. Through our partnership, we supported 5,000 new flower seeds being planted, which promoted local biodiversity, pollinators, and the pollinators' efforts in each city we have a hive project located. • Wilder Climate Solutions: On the front lawn of Manulife’s iconic Bloor Street building in downtown Toronto stands a massive, old American Elm. Records show the tree has stood in this location for at least 125 years. We partnered with Wilder Climate Solutions to complete a custom growing program to grow 500 saplings from the seeds of this specific tree. We distributed the saplings to employees and members of the community in the spring of 2022 and the saplings were planted in urban gardens throughout the city. Public Markets Within our public markets business, we made several enhancements to our approach to nature and biodiversity during the year: • We published our Nature Statement 58 , which is intended to guide decision-making around nature and biodiversity. The statement outlines how we view biodiversity and nature loss as a material financial issue and provides examples of how we have started to integrate biodiversity into our investment activities. • We launched an engagement campaign focused on issuers exposed to commodity-driven deforestation risk in their supply chains. We began reaching out to those issuers to understand their exposure, policies, governance, and targets related to the risk. • We became members of the Farm Animal Investment Risk and Return (FAIRR) Initiative , a global investor network focused on sustainability issues in the food sector. FAIRR’s research and engagement on pollution, waste, water, deforestation, animal welfare, and more topics help support our own investment decision-making process. • We attended the fifteenth meeting of the Conference of the Parties (COP15) to the Convention on Biological Diversity in Montreal where world leaders agreed on the post-2020 Global Biodiversity Framework (GBF). Through our participation, we amplified the financial sector ’s call for action and signed an investor letter supporting an ambitious agreement. Following the agreement, we aim to support the implementation of the GBF through our investment and stewardship activities. Biodiversity 2022 2021 2020 Acres of forest and farmland managed by Manulife Investment Management Timberland and Agriculture since 1985 (millions) 5.8 6.3 5.8 Acres of land protected by Manulife Investment Management Timberland and Agriculture Sensitive Lands Program since 1985 (millions) 0.5 0.8 0.47 Percentage of forest with a conservation designation (%) 21% 25% – Percentage of farms that have regenerative practices (%) 98% 61% – Percentage of area of total farms that have regenerative practices (%) 97% 46% – Trees planted by Manulife Investment Management Timberland and Agriculture since 1985 (billions) 1.3 1.3 1.3 Percent of farmland third-party certified as sustainably managed 91% 78% 74% Percent of farms with biodiversity assessment 100% 100% 100% Number of agriculture stream miles protected by BMP (Best management practices) 754 – – Percent of forest third-party certified as sustainably managed 100% 100% 100% Percent of forests with biodiversity assessment 100% 100% 100% Number of timberland stream miles protected by BMP (Best management practices) 18,444 – – For more information and methodology, please refer to our Performance Data section. 58 For additional information regarding Manulife Investment Management’s ESG investment capabilities for institutional investors only, please visit www.manulifeim.institutional/sustainability . 45