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 Partnerships and Engagements Manulife is a Member of Several Global Sustainability Networks To continue our work to protect and preserve the environment, empower health and well-being, and drive inclusive economic opportunity in the communities where we live and work, we collaborate with other like-minded organizations that feel passionately about our causes. Our strategy is to work together with those from diverse backgrounds and in different industries. It is a well-rounded approach that checks off proactive milestones, so we are all held accountable in our journey towards a sustainable future. Climate Action 100+ In 2017, Manulife Investment Management was a founding member of Climate Action 100+. As of February 2023, it is made up of 700 investors from around the globe representing US$68 trillion in investor capital. Climate Action 100+ focuses on the world’s largest corporate greenhouse gas (GHG) emitters. In 2022, we continued to see notable climate action from investee companies targeted through Climate Action 100+ outreach. We engaged with the industry associations involved in Climate Action 100+ to enhance the investor expectations on meaningful climate action. In 2022, we also took on a lead role in collaborative engagements with systematically important issuers. As an example of the influence we are able to make, one of our engagements with an issuer resulted in that issuer now adopting mid-term targets and providing reasonable assurance for emissions data. Sustainable Finance Action Council The Sustainable Finance Action Council (SFAC) serves as a centre of expertise, partnership, and dialogue on sustainable finance issues in Canada and internationally. The SFAC’s principal mandate is to make recommendations on critical market infrastructure needed to attract and scale sustainable finance in Canada, including: enhanced assessment and disclosure of climate risks and opportunities; better access to climate data and analytics; and common standards for sustainable and low carbon investments. Our Chief Risk Officer is a member of SFAC. Task Force on Climate- related Financial Disclosures We have been a supporter of the Task Force on Climate-related Financial Disclosures (TCFD) since November 2017 and are committed to adopting and aligning our disclosures to the TCFD recommendations. Our climate-related disclosure, including our position on climate change and our strategy to support the transition to a low carbon economy, can be found on page 36 of this ESG Report. Accounting4Sustainability (A4S) CFO Leadership Network A4S is the finance network promoting sustainability integration into strategy and decision-making. We are a founding member, and our Chief Financial Officer is an active participant on the A4S CFO Leadership Network: Canadian Chapter. Principles for Responsible Investment The Principles for Responsible Investment (PRI) works with more than 7,000 signatories in over 60 countries to promote responsible investment practices. Manulife Investment Management has been a signatory since 2015 and is an active member of various working groups, including the Sovereign Bond Advisory Committees, Infrastructure Advisory Committee, Fixed Income Advisory Committee, and Real Estate Advisory Committee. Our annual submission to the PRI reports on Manulife Investment Management’s activities and progress in implementing the PRI’s principles according to the PRI’s reporting framework. Manulife Investment Management’s commitment to sustainability was supported by its latest PRI assessment across a range of investment and stewardship modules. 23 23 Manulife In vestment Management is a signatory to the UNPRI and pays a signatory fee calculated based on AUM as reported in the PRI's 2021 Annual Reporting and Assessment Framework, published in September 2022. It is compulsory for signatories to report on their responsible investment activities annually. The PRI assesses a signatory's activities according to its assessment methodology and its output includes the PRI Assessment Report and Transparency Report from which this summary scorecard was sourced. Visit the PRI website for details and assessment methodology. 21