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 Public Markets Manulife Investment Management’s commitment to sustainability was supported by its latest Principles for Responsible Investment (PRI) assessment 49 across a range of investment and stewardship modules. Our Manulife Investment Management Public Markets teams are committed to investing sustainably across our businesses and asset classes. We were again accepted as signatory to the UK Stewardship Code in 2022 and short-listed for our stewardship reporting by the International Corporate Governance Network. At the end of 2022, over 90% 50 of our assets under management in equity and fixed-income strategies were integrating ESG factors in accordance with our proprietary assessment framework. This includes factors associated with climate change. ESG integration As part of our integrated approach, our investment teams identified two issuers within their portfolios that were most at risk to the transition to a low carbon world and began engaging using an internal set of engagement questions as a guide. These conversations will help the teams assess management of the transition risk at some of their biggest holdings and may influence adoption of best practices in climate risk disclosure and management at the relevant issuers. During the year, we enhanced our ESG integration profile with several investment teams achieving the highest level of our proprietary ESG integration scale. Investment stewardship In 2022, our investment teams continued to engage directly with issuers on a range of sustainability topics with some of the most common issues discussed including GHG emissions, board structure and management team, physical impacts of climate change, labour practices, and executive compensation. To better provide transparency into the results of these activities we launched an engagement case studies website 51 to highlight some of the results of dialogue with issuers. Additionally, we identified a group of issuers across portfolios that have exposure to deforestation risks in their respective supply chains. We began reaching out to those issuers to understand their exposure, policies, governance, and targets related to the risk. We also continued to execute our proxy votes in support of a variety of ESG-related proposals including requests to report on climate risk, water management, and human rights along with proposals to enhance shareholder rights. We participate in dedicated collaborative initiatives where we believe we can have a substantial impact to address sustainability issues. We are active in initiatives such as Climate Action 100+ , The 30% Club , and Climate Engagement Canada (CEC) . Offering Sustainable Thematic Strategies We offer several ESG strategies including our Sustainable Asia Bond Strategy, Sustainable Asia Equity Strategy, Climate Action Bond Strategy and our Climate Action Equity Strategy, which use proprietary screening techniques, and stewardship practices to offer investments in-line with sustainability criteria. We also collaborate with clients to offer bespoke sustainable investment solutions. In 2022, we made the following enhancements to our approach: • We helped develop the Expectations on National Adaptation Plans in Asia, which was brought to COP27 through our engagement and activity in the Asia Investor Group on Climate Change (AIGCC) working groups, and as the Chair of the Physical Risk and Adaptation working group. • We started a collaborative engagement initiative, The Asian Utilities Engagement Program, as part of AIGCC, which is focused on some of the largest emitters in Asia that are not currently covered by the Climate Action 100+ initiative. We are currently leading several of those engagements to encourage these issuers to make progress towards lowering emissions. • We continued our work with the Finance for Biodiversity Pledge on the Advisory Board and on several working groups looking to set the direction for collaborative efforts including engagement, metrics, and target setting related to biodiversity risk and exposure across the finance industry and corporate world. • We continued with several engagements aiming to engage with systemically important issuers on climate risk and diversity. 2022 marked the first year of engagement for Climate Engagement Canada. • We continued issuer engagement as part of The Board Diversity Hong Kong Investor Initiative, which seeks to end single gender boards in Hong Kong and ultimately achieve 30% gender representation across public issuers. • We also joined the Ceres Valuing Water Finance Initiative (VWFI), which is a new global investor-led effort that recognizes the financial risks associated with water and seeks to engage companies with a high-water footprint to drive the necessary large-scale change to better protect water systems. • We published our Manulife Investment Management Nature Statement 51 , which is intended to guide decision-making around nature and biodiversity. We also launched engagements focused on dialogue with issuers tied to deforestation risk in their supply chains. 49 Manulife In vestment Management is a signatory to the Principles for Responsible Investment (PRI) and pays an annual fee. It is compulsory for signatories to report on their responsible investment activities annually. 50 Integration 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. 51 F or additional information regarding Manulife Investment Management’s ESG investment capabilities for institutional investors only, please visit www.manulifeim.institutional/sustainability . 34