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Real Estate - AUGUST 12, 2021

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Manulife Investment Management acquires U.S. timberlands for impact-first investment

by Released

Hancock Natural Resource Group, a Manulife Investment Management company, has acquired 89,800 acres of timberland in Maine.

The impact-first investment was made on behalf of John Hancock Life Insurance Company (USA), and its parent, Manulife. The acquisition is an opportunity for Manulife to integrate natural climate solutions into its investment decisions and work toward its climate-action plan.

“We are well-positioned to seek positive climate impact and to invest in assets to create carbon sequestration and other conservation opportunities derived from forests for the benefit of our clients,” said Tom Sarno, global head of timberland investments, Manulife Investment Management. “We believe impact-first investments can meet the needs of those who are interested in offsetting carbon emissions and who may value other positive environmental or social impacts as well as generating financial returns.”This investment is classified as impact-first with the core of th

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