BOSTON, Nov. 2, 2022
/CNW/ - Manulife Investment Management today announced the results
of its 2022 GRESB assessments for private markets real estate and
infrastructure, released in October
2022 and covering the 2021 calendar year.1 The
firm saw above-average management scores for both asset classes.
Real estate asset performance scores, as compared to the global
average, were also above average for all submissions. Additionally,
its global real estate portfolio was ranked second in its peer
group. And Manulife's general account, managed by the real estate
investment team at Manulife Investment Management, was ranked first
in its peer group this year.
The GRESB Real Estate and Infrastructure Assessments
provide a rigorous methodology and consistent framework to measure
the environmental, social, and governance (ESG) performance of
individual assets and portfolios based on self-reported
data. Performance assessments are guided by what investors and
the wider industries consider to be material issues, aligned with
the Sustainable Development Goals, the Paris Climate Agreement, and
major international reporting frameworks. The GRESB assessment
provides investors with global ESG benchmarking and
standardized information and tools to help monitor and manage the
ESG risks and opportunities. Manulife Investment Management
pays a per fund submission fee, per year, for the assessments.
"We're excited to share the results of Manulife Investment
Management's 2022 GRESB Real Estate Assessment as we've
outperformed the global averages for all of our submissions,
achieving green star rankings across the board," said Marc Feliciano, global head of real estate
investments, Manulife Investment Management. "We've participated in
the GRESB Real Estate Assessment for 10 years. As an early
participant, we're proud of our role to help establish the GRESB
benchmark that is used today to assess the ESG integration and
performance of portfolios covering $6.9
trillion of gross asset value across the globe."
"We're pleased with the Infrastructure Assessment results as
they highlight our approach to ESG integration and management,"
said Recep Kendircioglu, global head of infrastructure, Manulife
Investment Management. "Importantly, the results enable us to
benchmark and to engage with portfolio companies in an insightful
and productive way to increase sustainability metrics."
GRESB Real Estate Assessment
Manulife Investment
Management was among 1,820 property companies, real estate
investment trusts, funds, and developers that participated in the
GRESB Real Estate Assessment covering $6.9
trillion of gross asset value.1 In the assessment
this year, Manulife Investment Management's real estate portfolio
earned a GRESB score of 87 out of a possible 100 points. Manulife's
general account, managed by Manulife Investment Management,
received 88 out of a possible 100 points.
GRESB Infrastructure Assessment
Manulife Investment
Management was among 652 infrastructure assets and 166 funds in the
GRESB Infrastructure Assessment in 2002.1 Gross asset
value reporting to GRESB was $1.7
trillion this year. In the assessment this year, the firm's
GRESB infrastructure management score for its Infrastructure fund I
earned 29 out of a possible 30 points. Its Infrastructure fund II
scored 30 out of a possible 30 points.
"We're proud to share these assessment results and
outperformance with investors in an environment where the entities
participating in the real estate and infrastructure universe have
grown by 20% and 17%, respectively," said Regan Smith, head of
real estate and infrastructure sustainability, Manulife Investment
Management.1 "The assessments showcase the significance
of our expertise, with a focus on due diligence and risk
assessment, as well as the responsible management of real estate
and infrastructure assets on behalf of clients."
Manulife Investment Management's global private markets
capabilities include real estate, infrastructure, timberland,
agriculture, private equity and credit. For more information on
Manulife Investment Management's private markets, please
click here.
1 Based
on GRESB results released October 2022 that cover the 2021 calendar
year. Manulife Investment Management paid a per fund submission
fee, per year. The Real Estate GRESB Rating is an overall measure
of how well ESG issues are integrated into the management and
practices of companies and funds. The Infrastructure GRESB Rating
provides the basis for systematic reporting, objective scoring, and
peer benchmarking of the ESG management and performance of
infrastructure funds around the world. More information about the
GRESB Real Estate Assessment is available here. More information
about the GRESB Infrastructure Assessment is
available here.
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Manulife Investment
Management has submitted to the GRESB Real Estate Assessment at the
fund level since 2012, operating as Standard Life until 2015.
Recognition was given on October 12, 2022, based on the reporting
period 2012–2022.
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About Manulife Investment Management
Manulife
Investment Management is the global brand for the global wealth and
asset management segment of Manulife Financial Corporation. We draw
on more than a century of financial stewardship and the full
resources of our parent company to serve individuals, institutions,
and retirement plan members worldwide. Headquartered in
Toronto, our leading capabilities
in public and private markets are strengthened by an investment
footprint that spans 19 geographies. We complement these
capabilities by providing access to a network of unaffiliated asset
managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to help
their employees plan for, save for, and live a better retirement.
Not all offerings are available in all jurisdictions. For
additional information, please visit manulifeim.com.
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SOURCE Manulife Investment Management