Manulife Investment Management Holdings (Canada) Inc. has been named to the Principles for Responsible Investment’s PRI leaders’ group 2020 in recognition of its ‘cutting edge’ practices in climate reporting, one of 36 signatories honoured this year.

In its assessment, the PRI awarded Manulife Investment Management an A+ in the areas of strategy and governance, equity integration and sovereign, supranational and agency debt fixed-income integration. It was also given an A in real estate, equity active ownership and fixed income (corporate financial, corporate non-financial and securitized) and a B in infrastructure and private equity, two asset classes that were submitted for the first time.

Read: Benefits of integrating ESG include long-term alpha, minimized risk: survey

Manulife Investment Management included the PRI’s grading in its second annual sustainable and responsible investing report. Highlights from private markets in 2019 included the formalization of a robust governance structure for its sustainable investing program and active participation in industry associations, while in public markets, the investment manager advanced the integration of environmental, social and governance factors and active engagement across its equity and fixed-income capabilities.

The report also includes the inaugural update by the company’s task force for climate-related financial disclosure, which details the firm’s approach to climate-related sustainability governance and risk management.

Read: Institutional investors increasingly interested in ESG factors: survey

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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