Manulife US REIT-Sustainability Report 2019

Sustainability Strategy In 2017, a three phase materiality assessment was conducted to identify material ESG topics relevant to MUST: In 2019, we reviewed the relevance of these factors in the context of our four sustainability focus areas. Our material ESG factors have remained the same since 2017 and are listed in the table below. In addition, we have aligned our sustainability initiatives and activities to the United Nations Sustainable Development Goals (SDGs). The SDGs are a universal call to action to end poverty, protect the planet and improve the lives and prospects of everyone, everywhere. The 17 goals were adopted by all UN Member Identification of material topics was performed to evaluate the relevance of the selected ESG factors against current business operations. Several rounds of internal discussions were conducted between management and employees that were proxy to the various stakeholder groups. A management review was conducted to evaluate and prioritise the importance of the ESG factors raised by considering the company’s significant economic, environmental, and/or social impact in its daily operation. The top ESG factors were consolidated and subsequently endorsed by our management. States in 2015, as part of the 2030 Agenda for Sustainable Development which set out a 15-year plan to achieve the Goals. The SDGs address global challenges, including those related to poverty, inequality, climate, environmental degradation, prosperity, peace and justice. The table below demonstrates the mapping of our material ESG topics and activities to the SDGs: Sustainability Focus Area Material Topics SDGs Supported Highlights of Environmental and Social Benefits Sustainable Properties • GRI 201 – Economic Performance • GRI 302 – Energy • GRI 303 – Water • GRI 305 – Emissions • Less pressure on natural resources such as natural gas and water • Lower GHG emissions • Healthier workspaces and more satisfied tenants External Relations • GRI 413 – Local Communities • More relevant investment options and better financial stability for the investment community • Drive social benefits through inclusive tenant and local community investment Human Capital • GRI 401 – Employment • GRI 404 – Training and Education • GRI 405 – Diversity and Equal Opportunity • Provide career opportunities that elevate the local talent market, which contributes to the local socio-economic setting Ethical Corporate Behavior • GRI 205 – Anti-corruption • GRI 307 – Environmental Compliance • GRI 416 – Customer Health and Safety • GRI 417 – Marketing and Labelling • GRI 419 – Socioeconomic Compliance • Engage in advancing public policy discussion that promotes environmental and social improvements 1 2 3 3 R e v i e w M a n a g e m e n t Materiality Assessment Process 1 2 M a t e r i a l A s s e s s m e n t D i s c u s s i o n I n t e r n a l 2019 SUSTAINABILITY REPORT 69

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