Manulife Investment Management (Manulife IM) is continuing to expand its natural asset portfolio by pursuing strategic investments in timberland and agriculture that now total over $16 billion.

Manulife Financial Corp. (MFC-T) grew its portfolio of green investments in its general account to $45.7 billion, inching up from the previous year, the Toronto-based insurer and financial services company showed in its 2023 sustainability report.