Manulife US REIT - Annual Report 2021

MANULIFE US REIT 84 Sustainability is at the heart of what we do. Integrating ESG issues into our strategy and throughout our business operations is fundamental to our ability to future-proof our business as we continue to drive long-term value for our stakeholders. MUST’s sustainability framework is aligned to the five Sustainability Real Estate Commitments set out in our Asset Manager’s Real Estate Sustainability Framework, which guides all investment, asset and property management operations across its real estate arm. MUST’s Sustainability Framework The framework sets out our sustainability strategy, underpinned by three strategic pillars – Building Resilience, People First and Driving Sustainable Growth. These pillars are supported by eight ESG focus areas to form an integrative approach that aligns our sustainability objectives and Enterprise Risk Management (ERM) framework to identify and address material ESG issues. Sustainability Approach Future-proofing our business to create long-term value for our stakeholders Mission • Climate Action • Environmental Stewardship • Nurturing our Talent • Safeguarding Health and Well-being • Serving our Communities • Economic Sustainability • Governance Framework • Engaging Investors 2 3 1 Minimise our environmental impact Support health and wellness 4 Engage our stakeholders on sustainability Promote responsible business practices 5 Be accountable for our performance Building Resilience Reducing the environmental impact of our properties and supporting the transition to a net zero economy People First Ensuring the needs of our stakeholders are well-served is key to sustaining our business. This includes creating a safe and healthy environment, and safeguarding the well-being and interests of our employees, tenants and communities Driving Sustainable Growth Conducting our business responsibly to deliver long- termvalue to our Unitholders. This includes the sustainable allocation of capital, robust governance framework and proactive risk management practices Sustainable Real Estate Commitments Sustainability Pillars ESG Focus Areas