Prudential plc

The financial institution specifies that it does not make political contributions. It assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body and links senior executive remuneration performance criteria to specific sustainability targets. Implementation of the sustainability strategy is assigned to dedicated functions, teams, or committees within the institution. The financial institution transparently identifies key sectors, clients, and investees to engage with on climate issues.

The financial institution has a publicly available policy statement committing to respect specific workers’ rights and expects its suppliers to do the same, with an opportunity to reference all ILO fundamental rights at work. Moreover, it can disclose how it determines a living wage in its operational regions and include anti-bribery and anti-corruption clauses in contracts. While it identifies material sustainability impacts across its value chain, further detail on the process and criteria for prioritisation is needed. Eastspring, its subsidiary, has a stewardship policy, but the institution could publish its own covering all assets, including those managed by third parties. The Prudence Foundation, its non-profit community investment arm, provides examples of initiatives supporting climate adaptation, primarily through philanthropic activities, but the institution should clarify how its business activities contribute as well. It is recommended to disclose the breakdown of clients by income group. Although considerations of slavery, human trafficking, and child labour are integrated into risk assessments for the supply chain, there is an opportunity to extend these measures to those affected by its products and services. Lastly, it is suggested that the institution provides an example of conclusions and actions taken regarding at least one salient human rights issue from its assessment processes in the last three years.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.