Report shares firm's continued progress toward generating
long-term value for its business, its communities, its
shareholders, and the planet
C$ unless otherwise stated TSX/NYSE/PSE:
MFC SEHK: 945
TORONTO, May 8, 2024
/CNW/ - Manulife (TSX: MFC) today released its 2023 Sustainability
Report and its 2023 Public Accountability Statement, detailing
its approach, performance, and achievements relative to its three
Impact Agenda pillars: empowering sustained health and well-being
to support the journey towards a better life, driving inclusive
economic opportunities to create a more even playing field, and
accelerating a sustainable future to preserve the planet we all
share.
The firm's 2023 Sustainability Report includes the following
results Manulife accomplished during the year1:
Empowering sustained health and well-being
- Provided over 2.1+ million customers globally with
access to our behavioural insurance platforms
- Increased mental health benefits by 20% for our Canadian
employees, from $10,000 to
$12,000
- Ranked in the 89th percentile for employee engagement, a
top quartile ranking among financial services
peers2
- Hosted the inaugural Longer. Healthier. Better. longevity
symposium bringing together life insurance brokers, leadership
from reinsurance companies, media, and government officials to hear
from world-leading experts in science, healthcare, and
education
Driving inclusive economic opportunity
- Globally, 99% of pay was received by women as a
percentage of men, and in North
America, 101% of pay was received by racially and
ethnically diverse populations, demonstrating our commitment
to gender and racial pay equity
- Sold over 668,000 specialized, affordable policies
within our emerging markets in Asia, supporting financial resilience for
traditionally underserved populations3
- Contributed a total of $27.9
million to our communities around the globe
- Became the first insurer in Indonesia to offer life insurance for people
living with the Human Immunodeficiency Virus (HIV)
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1
Please see our Sustainability Report for further details about our
performance metrics, including the methodology for calculating and
defining green investments.
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2
Based on our 2023 Gallup survey.
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3
Policies sold in emerging markets across Asia including Cambodia,
India, Indonesia, Malaysia, Myanmar, the Philippines, and Vietnam.
Affordable policies have been assessed for accessible price points
that are specific to each market.
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Accelerating a sustainable future
- Increased our General Account's sustainable investment
portfolio to $48.3
billion
- Released our Climate Action Implementation Plan,
outlining our approach to managing the climate transition across
our operations, General Account investments, and products and
services
- Announced the first close of our Forest Climate
Strategy, which offers qualified investors the ability to
participate in natural climate solution markets
- Manulife Investment was again named the largest manager of
natural capital in IPE Real Asset's Top 25 Natural Capital
Managers ranking4
"As a global insurer and asset manager, Manulife grounds itself
in the principles of longevity to empower longer, healthier lives
for our customers and for our planet," said Sarah Chapman, Manulife's Global Chief
Sustainability Officer. "We are proud of our achievements during
2023, and we remain steadfast in our belief that collective action
can accelerate change. As we look to 2024 and beyond, we continue
to be guided by our Impact Agenda and our global strategy to make
great progress for our customers, communities, and the future we
all share."
Not all offerings are available in all jurisdictions. Please
visit manulife.com/sustainability to access the reports and to
learn more about the firm's Impact Agenda.
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4 IPE
research as of 1/29/2024. Ranking is based on total Natural Capital
AUM, which includes forestry/timberland and agriculture/farmland
AUM. Firms were asked to provide AUM and the as of dates vary from
12/31/2022 to 12/31/2023.
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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 2023, we had more than 38,000 employees,
over 98,000 agents, and thousands of distribution partners, serving
over 35 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.
SOURCE Manulife Financial Corporation