Manulife has been named to the 2024 Corporate Knights Global 100 rankings as one of the world’s most sustainable companies. Now in its 20th year, the Global 100 quantitatively compares and ranks how the world’s largest publicly traded companies embrace sustainability as part of its strategy, equally emphasizing the impact of a company’s operations along with its core products and services on people and the planet. The ranking is based on a rigorous assessment of 6,720 companies with more than US$1 billion in annual gross revenues.
“When we first introduced our Impact Agenda, we were excited to have a framework in place to help us continue to build a business capable of meeting the evolving needs of our customers, our communities, and our environment,” said Roy Gori, Manulife’s President and CEO. “As the world continues to experience geopolitical, environmental, and economic uncertainty, it’s important that the contributions our products and services make to the global economy are guided by this vision. This honour is a testament to the work our teams do to make decisions easier and lives better for our more than 34 million customers.”
Manulife’s performance in the Global 100 assessment was driven largely through revenues earned from sustainable sources. Through its behavioural insurance program, Manulife continues to expand the availability of products and services that empower sustained health and well-being such as Vitality and ManulifeMOVE, which provide eligible customers access to leading innovations, like GRAIL’s Galleri® multi-cancer early detection test. Through its investment management arm, the organization has a robust sustainable investment program through portfolio ESG integration across its public and private market investments and is the world’s largest manager of natural capital with nearly $15 billion in assets under management in timberland and agriculture combined.
Corporate Knights also recognized Manulife’s strong long-term focus on diversity at the Board and executive management levels, and in connecting sustainability to compensation and performance. For 2022, 64% of the independent directors on Manulife’s Board self-identified as women1 and 27% of the independent directors on the Board self-identified as members of a visible minority2. Manulife’s full scorecard is available on the Corporate Knights website.
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