Manulife Investment Management Acquires U.S. Timberlands For Impact-First Investment
Aug 13, 2021•almost 4 years ago
Acquiring Company
Manulife Investment Management
Acquired Company
U.S.
Description
Hancock Natural Resource Group, a Manulife Investment Management company, today announced the acquisition of 89,800 acres of timberland in the U.S. state of Maine. The impact-first investment was made on behalf of John Hancock Life Insurance Company (U.S.A), and its parent, Manulife (collectively "Manulife"). The acquisition is an opportunity for Manulife to integrate natural climate solutions into its investment decisions and work towards its climate action plan.
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