Manulife US REIT - Sustainability Report 2018

Sustainability Governance MUST established an SSC in 2017 which continued to drive sustainability in 2018. The Chief Sustainability Officer, Caroline Fong, leads the SSC which includes MUST’s senior management, representatives from the Manager and the Property Manager. Together the group drives sustainability strategies and action plans, sets targets, oversees monitoring processes and reviews sustainability performance. The committee is supported by employees, key stakeholders and Sponsor. The SSC reports to the Board on a regular basis to keep them updated on progress. Materiality Assessment In 2017, we conducted a materiality assessment to identify sustainability or ESG factors that were most relevant to MUST. Relevance was determined using the GRI Materiality and Stakeholder Engagement principles and was based on their impact on our business and the importance of factors to stakeholders. In 2018, we reviewed the relevance of these factors in the context of our four sustainability focus areas. Our material ESG factors remain the same as in 2017 and are listed in the table below. We considered our sustainability activities in the context of our business as well as the industry, global and local landscape. We also assessed how our efforts contribute to the achievement of the SDGs. The SDGs are the blueprint to achieve a better and more sustainable future for all. They address global challenges, including those related to poverty, inequality, climate, environmental degradation, prosperity, peace and justice. In the table below, we demonstrate which SDGs our material ESG factors support. Sustainability Focus Area Material ESG Factors SDGs Supported Sustainable Properties • Economic Performance 1 • Investment Management • Energy, Emissions and Water Stakeholder Engagement • Engaging Communities Human Capital • Talent Retention • Training, Education and Leadership • Diversity and Equal Opportunity Ethical Corporate Behaviour • Regulatory Compliance Board of Directors Chief Executive Officer Chief Sustainability Officer Sponsor Finance Compliance Property Manager Human Resource Investor Relations SSC Organisation Chart 1 Refer to the Letter to Unitholders and Financial Statements of MUST’s Annual Report 2018. MANULIFE US REIT 63

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