Manulife US REIT - Sustainability Report 2018

Collaborating With Our Sponsor Our Sponsor has a number of sustainability commitments. It is a signatory to the United Nations-supported Principles for Responsible Investment (PRI) 1 and the Equator Principles and is a member of the United Nations Environmental Programme Finance Initiative (UNEP FI). The Sponsor has been producing public sustainability reports for many years, for example the Manulife Financial Corporation Corporate Citizenship Report and Public Accountability Statement. It takes part in the Carbon Disclosure Project and is included in the Dow Jones Sustainability Index. Further, Manulife became the first life insurance company in the world to issue a green bond in 2017. The proceeds from a green bond are linked to green assets, such as renewable energy projects, green buildings and sustainably managed forests. The green bond was a natural progression in terms of how Manulife can contribute to society’s sustainability agenda as well as fit into the capital strategy. Working with our Property Manager Our Property Manager has a long track record of sustainability management. It has been measuring energy consumption and GHG emissions since 2005 and has participated in the GRESB assessment for all their funds since 2016. Its sustainability vision is to drive leadership in sustainable real estate practices across its global organisation and provide healthy and efficient workplaces for tenants while enhancing long-term returns. This vision, along with their Sustainable Real Estate Policy, is aligned with MUST’s sustainability focus areas and objectives. The Sustainable Building Standards In 2018, our Property Manager rolled out their Sustainable Building Standards programme. The purpose is to build a consistent sustainability experience for tenants, employees and visitors. It also acts as a benchmark of sustainability performance and as tools and resources for property teams. The 13 standards align with the commitments in the Sustainable Real Estate Policy, as well as with industry best practices, including GRESB, LEED TM and BOMA BEST ® . Properties have the option of reaching one of five levels for each of the standards in order to adjust for differing applications at buildings of differing use. For example, tenant engagement level one involves communicating with tenants on sustainability and providing tips to reduce their environmental footprint. Higher levels of tenant engagement (levels two through four) involve holding events and campaigns, such as e-waste drives, at the property. Achieving level five requires forming a tenant-landlord green team to work collaboratively to implement initiatives at the property. The standards are being rolled out to all properties including those in the MUST’s portfolio. We are delighted to support this initiative. 1 Manulife Asset Management is a PRI signatory, part of the Manulife Group. Sustainability Report 2018 62 SUSTAINABILITYAPPROACH

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