Manulife today announced a pledge to 1t.org to accelerate and scale nature-based solutions in an effort to mitigate climate change. Through its partnership with the World Economic Forum's Trillion Trees initiative, Manulife is making the commitment to accelerate a sustainable future with tangible results by 2027. Efforts will strive to accelerate the pace of innovation around amplifying the carbon removal benefits of forests while aiming to solve investor needs and will take shape in the form of a partnership to share knowledge, tools, and experience, and support of local communities, nature, and biodiversity. As part of the pledge, Manulife will aim to scale Manulife Investment Management's carbon-focused forestry investments and sequestration of CO2 from the atmosphere through the forests it manages over a period of 5 years.
"As a global life insurer and asset manager, and one of the world's largest timberland and farmland investment managers1, we understand the connection between our environment and human health. We are well-positioned to provide and manage investments in nature-based solutions to advance climate change mitigation and are thrilled to build on our partnership with the World Economic Forum to do just that," said Sarah Chapman, Chief Sustainability Officer, Manulife. "We believe sustainably managed forests and farms are a critical part of the climate solution, and this commitment supports the shared value approach we've taken across our Impact Agenda."
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