Manulife US REIT - Sustainability Report 2017

SustainAbility Report About This Report Manulife US REIT (MUST or the REIT) is a Singapore Real Estate Investment Trust (REIT) managed by Manulife US Real Estate Management Pte. Ltd. (the Manager), established with the investment strategy principally to invest, directly or indirectly, in a portfolio of income-producing office real estate in key markets in the United States (U.S.), as well as real estate-related assets. The Manager is wholly owned by The Manufacturers Life Insurance Company (the Sponsor) which is part of the Manulife Group. John Hancock Life Insurance Company (U.S.) (JHUSA) has been appointed as the property manager (the Property Manager) for the properties. The REIT’s inaugural Sustainability Report is an affirmation of commitment to sustainability. It addresses the REIT’s sustainability approach, activities and performance from 1 January to 31 December 2017, with comparative data for the same period in 2016. This report has been prepared by the Manager in compliance with the SGX-ST Listing Rules 711A and 711B, with reference to the Global Reporting Initiative (GRI) Standards (2016), and includes consideration of the GRI Construction and Real Estate Sector Disclosures. The GRI Content Index and the relevant references are presented on pages 66 to 67 and should be read together with MUST’s Annual Report 2017. A pdf version can be downloaded from . Please forward any inquiries, comments or feedback on the REIT’s sustainability performance and / or inaugural Sustainability Report to as the Manager continues its effort to improve its reporting. Reporting Scope This report focuses on the activities of the REIT, the Manager and the underlying properties in the U.S.: Figueroa, Peachtree and Michelson. Data from the recent acquisitions of Plaza and Exchange will be included in 2018’s Sustainability Report. Board Statement The Board is pleased to present the REIT’s first Sustainability Report. This report describes how business has been conducted over the last financial year to ensure long-term value creation for Unitholders, employees and other stakeholders. In addition, it sets out the intention and direction for sustainability in the future. The Board oversees the direction of sustainability for MUST as well as the management of sustainability related performance. The Manager has initiated and directed the development of the Sustainability Report, including the identification of the REIT’s material Environmental, Social and Governance (ESG) factors. The Board is supported by the Sustainability Committee, made up of senior management from both the Manager and the REIT’s Property Manager. This Sustainability Report is aligned to the SGX-ST Listing Rules 711A and 711B and references the internationally recognised GRI Standards (2016). Investments Participation in the Global Real Estate Standards Board (GRESB), achieving a score of 76 Appr oach Alignment of sustainability efforts with the United Nations Sustainable Development Goals (SDGs) Properties 4.6% reduction in energy intensity 4.9% reduction in Greenhouse Gas (GHG) emission intensity 8.8% reduction in water intensity Energy efficiency ratings for all properties: • Figueroa ENERGY STAR • Michelson ENERGY STAR LEED™ Gold • Peachtree ENERGY STAR • Plaza ENERGY STAR • Exchange ENERGY STAR Outreach Effective engagement of key stakeholders such as investors, tenants and local communities Employees (Full-time and contract) as at 31 December 2017 Doubled staff strength to 13 employees Average 31.2 training hours per employee Diversification of employees with 61.5% female and 38.5% male Regulatory Governance No incident of non-compliance with laws and regulations resulting in fines or sanctions 2017 SUSTAINABILITY HIGHLIGHTS 51 Annual Report 2017