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Global commitments include steering investment portfolio to net zero by 2050, reducing scope 1 and 2 emissions 35 per cent by 2035
Pledges commitment to the Science Based Targets initiative
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TORONTO, May 6, 2021 /CNW/ - Manulife today announced a net zero emissions commitment to support climate goals worldwide, recognizing the important role 37,000 employees, 118,000 agents, and over a trillion dollars in assets under management and administration can play in global climate solutions.
Looking across young southern pines in Byfield plantation forest to the Byfield Range in Central Queensland, Australia (CNW Group/Manulife Financial Corporation)
"Through the commitments we've set out today, we are accelerating work to reduce our own emissions and build a portfolio of climate-smart investments," said Roy Gori, President and CEO, Manulife. "In making clear commitments on climate, we are setting a robust plan for our operations and our own investments. We are actively developing innovative products and services designed to contribute towards the urgent, global fight against climate change."