Manulife Financial Corp., based in Toronto, showcased its sustainable initiatives in its 2023 Sustainability Report, revealing a surge in green investments to $45.7 billion within its general account. The company prioritized investments in green and sustainable buildings, renewable energy, and sustainably managed timberland, constituting 11% of the overall portfolio. Furthermore, Manulife began excluding direct investments in thermal coal-related projects and aimed to limit exposure to companies heavily reliant on thermal coal without decarbonization plans. The company's sustainability officer outlined decarbonization strategies such as efficiency improvements, electrification, fuel switching, and use of renewables. Notably, Manulife managed to reduce its greenhouse gas emissions by 8.7% from 2019 levels and set a 40% reduction goal by 2035. Key focuses included green building investments, certification programs, and innovative projects like green hydrogen-powered trucks and biochar soil carbon trapping. Manulife aims to achieve a net-zero emissions portfolio by 2050, aligning 42% of its investments with Science Based Targets. The company is actively working on reducing emissions intensity and reshaping listed portfolio pathways while emphasizing green investments and climate-related training for analysts and managers. Despite previous investments in carbon-related assets, Manulife is shifting towards sustainable ventures like hydrogen production, solar manufacturing, and carbon capture technologies.