Manulife Investment Management issues inaugural Climate Report for timber and agriculture aligned with recommendations from the Task Force on Climate-related Financial Disclosures
PR Newswire
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BOSTON, Dec. 22, 2020 /CNW/ - Hancock Natural Resource Group (HNRG), a Manulife Investment Management Company, recently released its inaugural climate disclosure report. The new report highlights the risks and opportunities climate change presents to timber and agriculture investments and how the firm is assessing and managing climate-related impacts. This focused report is structured following the recommendations of the Task Force on Climate-related Financial Disclosures.
"We believe the biggest climate-related opportunity within timber and agriculture is carbon removal," said William E. Peressini, CEO, HNRG. "Traditionally we have managed timberland and farmland for our investors in order to achieve market-rate returns, while also generating positive environmental and social outcomes. We are now scaling up our capabilities for "impact-first investments" - investments that optimize and prioritize carbon sequestration - which may also provide the best climate change mitigation option for clients."