Responsible Investment

    We do this by:
  • Decarbonising our portfolio – Committed to decarbonise our portfolio in a science-informed approach and become a net zero asset owner by 2050. We target a 55% WACI reduction by 2030 and are actively engaging with portfolio companies to reduce real-world emissions.
  • Financing a just and inclusive transition – Financing a just and inclusive transition that places emerging markets considerations at the forefront.
  • Mainstreaming responsible investments in emerging markets – Multi-dimension approach to mainstream responsible investments across the investment value chain as an influential asset owner.

We announced immediate actions to help deliver on this ambitious longer-term objective.

We are making good progress towards these:

As a responsible asset owner, we can deploy our investments and stewardship power to enable a just and inclusive transition to Net Zero for every future.

Prudential remains committed to proactively play our part in enabling the transition to a low-carbon economy. We do this by decarbonising our investment portfolio and own operations, and by working towards sustainable development and energy transition in all our markets through collaborative and collective engagement. We have recently published our Climate Transition Plan which details how we are approaching our climate commitments. It sets out our long-term net zero pledge and looks at the actions we plan to take to implement our decarbonisation strategy across our investment portfolio and operations.

As we support the move to low-carbon economies in these emerging markets, we strive to ensure that the transition is a just and inclusive one for all of society: a transition that supports sustainable growth and economic health within our local markets and communities.

Decarbonising our investment portfolio

As a significant asset manager and asset owner in regions forecast to be severely impacted by climate change, Prudential has a distinctive role to play in the transition to a low-carbon economy. Recognising this, in May 2021 we set a target to be net zero by 2050 for our insurance assets, supported by a recently updated target of 55 per cent reduction in emissions from our investment portfolio by 2030. By the end of 2022, we had reduced the weighted average carbon intensity (WACI) of our investment portfolio by 43 per cent against our 2019 baseline.

Supporting an inclusive transition

As a steward of long-term capital, we seek to use our scale and expertise to drive decarbonisation at pace, and to do so in a way which is just and fully inclusive. This means that we are continuously mindful of the need to implement our decarbonisation strategy in a way that acknowledges the nature of the markets in which we operate, and seeks to share the financial and social burden of the transition in a fair manner, promoting sustainable development for all stakeholders. As part of the Sustainable Development Investment Partnership, we are a signatory to the Principles for Financing a Just and Urgent Energy Transition. In October 2022, we launched a white paper that articulates our case for a Just and Inclusive Transition for our markets in Asia and Africa.

Insights

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Climate Transition Plan

Read our Climate Transition Plan
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Sustainability at Prudential:

Supporting a just and inclusive transition towards a low-carbon economy

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Sustainability at Prudential:

Creating a better future together with you…

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Sustainability at Prudential:

How we make a difference through Responsible Investing

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Sustainability at Prudential:

Why ESG investing is more science than art

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Sustainability at Prudential:

How we manage our direct impact on the environment

Read our 2022 ESG Report

Click below to access our full ESG Report for 2022 and to find out more about Stewarding the human impacts of climate change.

 

Jackson National Life Insurance Company

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Prudential plc is an international company incorporated in the United Kingdom, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world, and it has been in existence for over 170 years. Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America, or the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

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Prudential plc is an international company incorporated in the United Kingdom, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world, and it has been in existence for over 170 years. Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America, or the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

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For M&G and Prudential UK customers and policyholders:

In October 2019, Prudential plc separated its UK operations and, as a result of this separation, Prudential UK is now owned by M&G plc. The M&G plc group is a separate, independent group and as such we are not able to help any M&G or Prudential UK customers or policyholders.

Therefore, to find the best way to make contact, please visit www.pru.co.uk/contact-us

For further information on the M&G plc group, please visit the M&G website: www.mandg.com