As a life insurance company with long-term obligations, Manulife invests in assets that support the transition to a low-carbon economy. Having been the first life insurer in the world to issue a green bond, we broke new ground again in 2018; this time, issuing our first green bond in Canada.
A green bond is like any other bond, except that the proceeds are earmarked for climate and environmental
Our second green bond was issued in Canada in May 2018, and the net proceeds were used once again to finance green assets as defined in our Green Bond Framework. We plan to publish the environmental benefit of the bond in May 2019.
Our first green bond is estimated to have helped avoid 52,700 tons per year of carbon dioxide emissions.