Objectives: Reducing the environmental impact of our properties and supporting the transition to a net zero economy Material ESG Topics: 2025 AND LONG-TERM TARGETS 2024 PERFORMANCE By 2035: Achieve 33.0% reduction in energy intensity from 2018 base year By 2050: Achieve 49.0% reduction in energy intensity from 2018 base year 27.4% reduction in energy intensity from 2018 base year By 2035: Achieve 38.0% reduction in Scope 1 and 2 GHG emissions intensity from 2018 base year By 2050: Achieve 80.0% reduction in Scope 1 and 2 GHG emissions intensity from 2018 base year 36.3% reduction in Scope 1 and 2 GHG emissions intensity from 2018 base year By 2025: Maintain ~90.0% green-certified portfolio by NLA By 2030: Achieve 100.0% green-certified portfolio by NLA 92.2% green-certified portfolio by NLA Maintain ‘A’ rating for GRESB Public Disclosure Assessment and 5 Star for Real Estate Assessment ’A’ for GRESB Public Disclosure Assessment 5 Star for GRESB Real Estate Assessment Improve water conservation and waste reduction efforts Water usage intensity decreased by 3.1% (on a like-for-like basis); waste intensity reduced by 21.5% (vs 2023) CLIMATE ACTION Building the resilience of our assets to climate change by reducing carbon footprint and managing climate-related risks ENVIRONMENTAL STEWARDSHIP Reducing the environmental impact of our properties through energy efficiency and resource conservation BUILDING RESILIENCE OBJECTIVES AND MATERIAL ESG TOPICS TARGETS AND PERFORMANCE APPROACH SUPPORTING UNITED NATIONS SDG Sustainable building Energy Water management GHG emissions Climate change mitigation and adaptation Waste management Biodiversity 76 | MANULIFE US REIT
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