World actual property portfolio ranks first amongst its peer group for sustainability management
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BOSTON, Oct. 18, 2021 /PRNewswire/ – Manulife Funding Administration at present introduced the outcomes of its 2021 GRESB Assessments for actual property and infrastructure. The GRESB Assessments benchmark the Environmental, Social and Governance (ESG) efficiency of actual property and infrastructure funds, firms, and property, offering traders with standardized information to assist consider complicated sustainability points. Manulife Funding Administration’s 2021 evaluation noticed above common scores for each actual property and infrastructure. The agency’s international actual property portfolio was additionally acknowledged as a GRESB Sector Chief rating first amongst its peer group within the ‘diversified – workplace/industrial’ within the Americas class.
“We’re happy with the outcomes of the 2021 GRESB Evaluation as we’re in a superb place with above common scores for each actual property and infrastructure,” stated Christoph Schumacher, head of actual property, Manulife Funding Administration. “Sustainable administration will proceed to be important and is an expectation of traders in actual property. Accountable stewardship is crucial to defending and rising the worth of our property and the GRESB ESG Benchmark helps us keep and enhance outcomes and exhibit our dedication to ESG integration to purchasers.”
In 2021, greater than 2,227 actual property and infrastructure entities, representing US$6.4 trillion in property have been coated by the GRESB Assessments and are included within the GRESB ESG Benchmark.
“We’re proud to be named a GRESB Sector Chief in a yr when international actual property participation within the assessments has elevated by 24%,” stated Regan Smith, head of actual property sustainability, Manulife Funding Administration. “This is a crucial achievement for us as we work to transition to a low carbon economic system. It is also nice to see elevated participation from our friends as improved engagement with a standardized benchmark demonstrates the {industry}’s want to attain extra ESG information transparency.”
Actual Property Evaluation
Manulife Funding Administration was amongst 1,520 property firms, REITs, funds, and builders that participated within the GRESB Actual Property Evaluation, representing US$5.7 trillion of property underneath administration. The GRESB ESG Benchmark covers practically 117,000 property globally reported on the asset stage. Manulife Funding Administration’s actual property portfolio earned a GRESB rating of 88 out of a attainable 100 factors for each administration and efficiency and a GRESB Inexperienced Star. The power of the agency’s GRESB Evaluation for actual property this yr will be partially attributed to the next actions: utilization reductions throughout all utilities (power, water, waste) and greenhouse fuel (GHG) emissions, a rise in power and GHG information protection for industrial, retail and residential portfolios, sustaining excessive portfolio inexperienced constructing certification charges and elevated variety of properties monitoring on ENERGY STAR and a portfolio stage bodily local weather danger and resilience evaluation performed internally.
Infrastructure Evaluation
Manulife Funding Administration’s infrastructure funds have been ranked amongst 149 funds totaling US$343 billion of property underneath administration. The power of the agency’s GRESB Fund Assessments for infrastructure will be attributed to the event and implementation of extra strong ESG processes and instruments, the evaluation of ESG dangers and alternatives throughout due diligence and post-investment, the enhancement of ESG reporting practices, and the continued accountability of ESG throughout the group and members of the infrastructure group. Manulife Funding Administration doesn’t undergo GRESB Infrastructure Asset Evaluation for benchmarking asset-level efficiency.
Manulife Funding Administration international non-public markets capabilities embrace actual property, infrastructure, timberland, agriculture and personal fairness and credit score totaling greater than US$53B in property underneath administration. For extra data on Manulife Funding Administration’s non-public markets please click on here.
About Manulife Funding Administration
Manulife Funding Administration is the worldwide wealth and asset administration phase of Manulife Monetary Company. We draw on greater than a century of economic stewardship and the complete assets of our mum or dad firm to serve people, establishments, and retirement plan members worldwide. Headquartered in Toronto, our main capabilities in private and non-private markets are strengthened by an funding footprint that spans 18 geographies. We complement these capabilities by offering entry to a community of unaffiliated asset managers from all over the world. We’re dedicated to investing responsibly throughout our companies. We develop modern international frameworks for sustainable investing, collaboratively interact with firms in our securities portfolios, and keep a excessive commonplace of stewardship the place we personal and function property, and we consider in supporting monetary well-being by way of our office retirement plans. As we speak, plan sponsors all over the world depend on our retirement plan administration and funding experience to assist their workers plan for, save for, and stay a greater retirement.
As of June 30, 2021, Manulife Funding Administration’s property underneath administration and administration, together with property managed for Manulife’s different segments, totaled CAD $1.0 trillion (US $834 billion). Not all choices can be found in all jurisdictions. For extra data, please go to manulifeim.com.
About GRESB
GRESB is a mission-driven and industry-led group offering standardized and validated Environmental, Social and Governance (ESG) information to monetary markets. Established in 2009, GRESB has turn out to be the main ESG benchmark for actual property and infrastructure investments internationally, utilized by 140 institutional and monetary traders to tell decision-making. For extra data, go to GRESB.com
GRESB Sector Leaders are the perfect performers by sector and area from throughout the GRESB Assessments. The entity with the highest rating, in addition to the entities with a rating inside 1 level of the highest rating in a class are acknowledged as Sector Leaders.
SOURCE Manulife Funding Administration
