Manulife US REIT-Sustainability Report 2020

Sustainability Steering Committee Established in 2017, MUST’s SSC drives sustainability strategies, sets targets, oversees monitoring processes and reviews sustainability performance for the REIT. Our Sustainability Strategy Materiality Assessment MUST underwent a three-phase materiality assessment in 2017 conducted by an external consultant to identify material ESG topics relevant to our operations. Thereafter, annually, The SSC is led by Chief Sustainability Officer (CSO), Caroline Fong, and includes representatives from Finance, Compliance, Human Resource, Investor Relations, Asset Manager and Property Manager. The Board also meets regularly to discuss the REIT’s sustainability direction and initiatives. the continued relevance of these topics are reviewed and confirmed in the context of our key sustainability focus areas. For 2020, our material ESG topics remained unchanged. Board of Directors Chief Sustainability Officer Chief Executive Officer Sponsor Finance Compliance Property Manager Human Resource Investor Relations Asset Manager 1 2 3 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 betweenmanagement 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. Materiality Assessment Process Identify Material Topics Internal Discussion Management Review 1 2 3 70 SUSTAINABILITY REPORT 2020 SUSTAINABILITY APPROACH