TORONTO, Dec. 13,
2023 /CNW/ - Manulife today announced its appointment
to the Dow Jones Sustainability North America Index (DJSI North
America) ranking in the 93rd percentile of its
GICS® Industry Group and one of only eight insurers
across North America to be
included in the index overall. The recognition underscores
Manulife's leading sustainable business practices and its proven
ability to deliver long-term shareholder value.
The DJSI North America is comprised of sustainability leaders as
identified by S&P Global and represents the top 20% of the
largest 600 North American publicly-traded companies. The index is
a well-recognized standard that measures corporate ESG progress
across industries.
"As a global insurer and asset manager we are inherently
future-focused and have an innate ability to help manage risk,
which is instrumental in our approach to sustainability," said
Sarah Chapman, Manulife's Global
Chief Sustainability Officer. "Being named to the DJSI North
America recognizes our sustainability practices, reporting, and
disclosures, and is a testament to our efforts aligned to the three
interconnected pillars of our Impact Agenda – empowering sustained
health and well-being; driving inclusive economic opportunities;
and accelerating a sustainable future."
The organization continues to progress its sustainability
strategy with notable initiatives in 2023:
- Strengthening its commitment to reducing emissions by
disclosing science-based1 targets, including an
increased ambition to reduce our absolute scope 1 and 2 emissions
target from 35% to 40% by 2035, and a combination of
sector-specific and asset-class specific interim targets to reduce
the General Account's financed emissions as outlined in our 2022
ESG Report published in May
2023.
- Continuing to support its colleagues in their learning and
development through the "Fuel Up Fridays" program, which is
comprised of one afternoon every month dedicated to upskilling and
learning about themes that correspond with global business
strategic priorities. Aligned to Earth Month, this year's April
Fuel Up Friday afternoon of learning was focused on sustainability
to empower employees with a deeper understanding of the
organization's sustainability strategy and how to protect the
environment to accelerate a sustainable future and ensure business
resiliency.
- Embarking on a $1 million
partnership with Kiva to help the global crowdfunding microlending
platform support entrepreneurs globally and expand its reach in
Southeast Asia. Through the
partnership, Manulife is helping Kiva build capacity and reach more
borrowers in the Philippines,
Vietnam, Cambodia, and Indonesia, and is further supporting
entrepreneurs through the creation of the Manulife Match Fund,
which will double individual contributions made through the Kiva
platform to help borrowers meet their goals faster.
To learn more about sustainability at Manulife, visit
manulife.com/sustainability.
About Manulife
Manulife Financial Corporation is a leading international
financial services provider, helping people make their decisions
easier and lives better. With our global headquarters in
Toronto, Canada, we provide
financial advice and insurance, operating as Manulife across
Canada, Asia, and Europe, and primarily as John Hancock in the
United States. Through Manulife Investment Management, the
global brand for our Global Wealth and Asset Management segment, we
serve individuals, institutions, and retirement plan members
worldwide. At the end of 2022, we had more than 40,000 employees,
over 116,000 agents, and thousands of distribution partners,
serving over 34 million customers. We trade as 'MFC' on the
Toronto, New York, and the Philippine stock exchanges
and under '945' in Hong Kong.
Not all offerings are available in all jurisdictions. For
additional information, please visit manulife.com.
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1 Targets developed in alignment with the methodology for
financial institutions outlined by the Science-based Targets
Initiative (SBTi), in combination with Partnership for Carbon
Accounting Financials (PCAF) methodologies for emissions
accounting.
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SOURCE Manulife