Manulife announced the launch of its Impact Forests initiative, a global network of restoration sites that will use veritree’s Smart Forest technology to accelerate biodiversity and climate resilience. The first sites will be in Japan and the Philippines, covering 160 hectares—roughly 8,161 tennis courts—and more than 185,000 trees have already been planted to date.
The partnership marks the first global corporate deployment of veritree’s technology and its debut in Asia, positioning Manulife as a pioneer in nature‑based solutions within the financial services sector. By integrating advanced monitoring and verification tools, the company can deliver transparent, measurable outcomes for its restoration projects.
Manulife’s goal is to strengthen its ESG footprint, mitigate climate‑related risks that could affect insurance underwriting, and create economic opportunities for local communities. The initiative aligns with the company’s Impact Agenda, which focuses on health and well‑being, inclusive economic opportunity, and climate‑related investment.
Chief Sustainability Officer Ariel Kangasniemi said the collaboration exemplifies how innovation, accountability, and environmental stewardship can benefit both nature and people, underscoring Manulife’s commitment to climate risk management and long‑term sustainability.
The launch signals Manulife’s intent to differentiate itself in a competitive market, potentially enhancing investor confidence in its ESG strategy and reinforcing its position as a leader in climate‑focused financial services.
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