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 Business Ambition for 1.5 In 2021, Manulife committed to the Business Ambition for 1.5 degrees, which is led by the Science Based Targets initiative (SBTi) in partnership with the UN Global Compact and the We Mean Business Coalition. The campaign’s objective is to align companies to commit to set ambitious science-based emissions reduction targets. Stakeholder Capitalism Metrics Initiative Led by the World Economic Forum (WEF), the Stakeholder Capitalism Metrics initiative promotes alignment among existing ESG frameworks and establishes a set of metrics that enhances comparability and consistency. It includes 21 core and 34 expanded metrics and disclosures focused around four themes: Principles of Governance, Planet, People, and Prosperity. United Nations Global Compact In 2022, Manulife became a signatory of the UN Global Compact (UNGC), a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies and to report on the implementation. In 2023, Manulife is participating in UNGC’s inaugural Business Human Rights Accelerator. ESG Data Convergence Initiative The ESG Data Convergence Initiative is an open partnership of private equity stakeholders committed to streamlining the private investment industry’s historically fragmented approach to collecting and reporting ESG data. Manulife Investment Management supports and participates in this initiative, and we have aligned our annual reporting to this initiative for our Private Equity and Credit, and Infrastructure businesses. The Canadian Sustainability Standards Board Manulife Investment Management is a member of The Canadian Sustainability Standards Board (CSSB) which works with the International Sustainability Standards Board (ISSB) to support the uptake of ISSB standards in Canada, highlight key issues for the Canadian context, and facilitate interoperability between ISSB standards and any forthcoming CSSB standards. World Business Council for Sustainable Development The World Business Council for Sustainable Development (WBCSD) is the premier global, CEO-led community of over 200 of the world’s leading sustainable businesses working collectively to accelerate the transition to a sustainable world. Manulife Investment Management has been a member since 2019. The International Sustainability Standards Board The International Sustainability Standards Board (ISSB) was formed in November 2021 by the trustees of the International Financial Reporting Standards (IFRS) Foundation. The ISSB is developing standards that will result in a comprehensive global baseline of sustainability disclosures focused on the needs of investors and the financial markets. Manulife has been a member of the ISSB Investor Advisory Group (IIAG) since 2019 and became a member of the ISSB Technical Reference Group in 2022. We continue to monitor the evolution of the standards and we may evolve our reporting as new standards materialize. Photo captured by our colleague: Vanya Kavrakova, Canada 22