Manulife Investment Management announced October 19 that it has been recognized by Principles for Responsible Investment (PRI), an investor initiative in partnership with the UN Global Compact with more than 3,000 signatories who’ve agreed to adopt the environmental, social and governance (ESG) principles and collaborate on their implementation.

This year the group recognized 36 signatories, including Manulife, for demonstrating responsible investment excellence in climate reporting throughout their organization and portfolios. The announcement comes as Manulife publishes its second annual Sustainable and Responsible Investing Report which showcases the firm’s sustainability-focused research capabilities, engagement activities and asset ownership practices. It also discusses steps taken to integrate sustainability considerations into investment decision making.

The report focuses on governance, ESG integration, active ownership and the firm’s global collaboration efforts. Also included in the report is the firm’s inaugural Taskforce for Climate-related Financial Disclosure report which offers details on its approach for managing climate-related risks and opportunities and the metrics used to manage and monitor alignment with climate-related goals.

“For investors, focusing on sustainability is more important now than it has ever been; the world is running up against the limits of natural capital, which increases social and economic risks in virtually every corner of the capital markets,” Christopher Conkey, Manulife’s global head of public markets said in a statement released with the report. “We’re proud of the progress we’ve made driving our sustainable and responsible investing at Manulife Investment Management as we strive to lead the industry in ESG integration practices.”