Manulife US REIT - Sustainability Report 2024

BUILDING RESILIENCE Metrics Unit of Measurement 2022 2023a 2024b Waste (GRI 306-3, 306-4, 306-5) Total waste generated metric tonne 1,986 1,863 1,456 Total waste directed to disposal metric tonne 1,364 1,135 750 Total waste diverted from disposal (recycled waste) metric tonne 623 728 706i Paper-basedj metric tonne 154 200 200 Organics metric tonne 0.4 86 110 Plastic, metal, glass metric tonne 31 67 5 E-waste metric tonne 1 4 4 Recovered recyclablesk metric tonne 9 0 - Unsortedl metric tonne 428 371 389 Waste disposal intensity kg/sq ft 0.20 0.18 0.14 PEOPLE FIRST Metrics Unit of Measurement 2022 2023 2024 Male Female Total Male Female Total Male Female Total Workforce m (GRI 2-7, 2-8, 405-1) Total employees Number 6 12 18 6 11 17 5 11 16 Total employees by age Employees under 30 years old Number 0 3 3 0 0 0 0 1 1 Employees between 30 – 50 years old Number 5 8 13 4 10 14 4 9 13 Employees above 50 years old Number 1 1 2 2 1 3 1 1 2 Notes: a. 2023 data published in Sustainability Report 2023 was based on estimates whereas 2023 data in this report has been revised to reflect actual consumption, where necessary. b. 2024 data published in Sustainability Report 2024 is based on estimates and will be revised to reflect actual consumption in the next Sustainability Report, where necessary. c. Conversion factor used for converting area in sq ft to m2 is by dividing the area by 10.764. d. Conversion factor used for converting energy consumption in ekWh to GJ is by multiplying the consumption by 0.0036. e. In general, energy consumption was calculated for each identified relevant energy source using the following formula: Energy consumption = Activity data × Calorific value The total energy consumption within MUST is calculated using the following formula: Total energy consumption = Fnr + Ec Fnr = Non-renewable fuel consumed Ec = Electricity purchased for consumption RECs purchased represents the renewable energy certificates purchased and retired during the respective years. RECs as percentage of total energy consumption = RECs purchased / Total energy consumption f. Direct (Scope 1) emissions are calculated from the consumption of natural gas and expressed in tonnes of CO2e. Scope 1 emission factors for direct energy consumption in the U.S for natural gas were taken from the Emission Factors for Greenhouse Gas Inventories published by the USA Environmental Protection Agency (EPA) in September 2023. Indirect (Scope 2) emissions refer to the indirect emissions coming from activities taking place within the organisational boundary of MUST but occurring at operations owned or controlled by another entity. Figures for Scope 2 emissions in the table above were calculated using emissions factors taken from the U.S. EPA eGrid Summary Table published in January 2025. g. Conversion factor used for converting GHG emissions in tCO2e to kg CO2e is by multiplying by 1,000. h. According to World Resources Institute's Water Risk Atlas, Aqueduct, only Diablo, Michelson and Figueroa are in Extremely High (>80%) Water Stress areas for 2023 and 2024. For 2022, only Diablo, Michelson, Figueroa, and Park Place are in Extremely High (>80%) Water Stress areas. For 2018, only Michelson and Figueroa are in Extremely High (>80%) Water Stress areas. The remaining properties are in Low (<10%) or Medium (<40%) Water Stress areas. All water is provided through municipal water suppliers; none is directly withdrawn from water sources on-site. i. Amount may not sum up to 706 due to rounding. j. Paper-based consists of cardboard, mixed paper, and shredded paper. k. Recovered recyclable refers to recyclable wastes sent to a Materials Recovery Facility, where the hauler takes the trash compactor to divert (or recover) recyclable wastes. l. Unsorted refers to recyclable wastes that cannot be sorted into other categories, or when the exact recyclable waste composition is not provided. ANNUAL REPORT 2024 | 101

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