Community Investment and Philanthropic Activity > Partnerships We work to drive inclusive economic In 2022, John Hancock funded 570 jobs The program was also extended opportunities by partnering with organizations at non-profits, hired 22 Scholars within the to provide financial lessons to 50 to make financial solutions accessible to company, and brought back 14 program female heads of household from two everyone through financial capability alumni as John Hancock college interns. communities in the Philippines. As part programs, and by providing targeted In addition to meaningful employment of this program, these women gathered employment initiatives to help individuals opportunities, MLK Scholars also weekly for two-hour huddles with a Drive Inclusive develop and sustain healthier habits to participate in online financial capability financial expert to discuss, share, and Economic drive financial security. courses to augment their experience. analyze outputs. Additionally, to further Scholars value the combination of promote financial education through Opportunity MLK Scholars employment and financial literacy: In creative storytelling, a new iteration 2022, 87% of participants reported that of the Manulife Peso Smart storybook Since the MLK Scholars program inception receiving a regular paycheck has changed series was made available to download in 2008, John Hancock has invested over the way they think about managing their for free on the company’s website. The US$15 million to provide jobs and professional money. 84% also agree that they feel more latest installment of the storybook was development opportunities to over 6,000 prepared to manage their money than they created in collaboration with students of youth Scholars. In addition to driving access to did before starting their summer jobs. University of Santo Tomas, who attended inclusive economic opportunity for the youth Peso Smart University classes. participants, the program also benefits non- Peso Smart profit organizations that employ the Scholars by providing important staffing support to help Manulife expanded its Peso Smart organizations deliver on their missions and financial literacy program with new drive positive change in local neighbourhoods. sessions, holding a four-part virtual Peso Smart University class attended by 300 university students in the Philippines who learned about personal finances, investments, unit investment trust funds (UITFs), and explored what a career as a financial advisor could look like. 2022 Public Accountability Statement 6