Our parent company, Prudential Plc
As a life insurer, asset owner and manager, we are long-term stewards of our customers’ assets. We have a responsibility to our customers, the communities and environment in which we operate, to apply ESG considerations into our investment decisions and our fiduciary and stewardship duties.
ESG is overseen by the Board, which is responsible for determining strategy and prioritisation of key focus areas. At the board level, the Responsibility & Sustainability Working Group has been established. They will oversee the embedding of the Group’s ESG framework and progress on diversity and inclusion initiatives and employee engagement activities.
In order to provide greater senior executive involvement and holistic oversight of ESG matters material to the Group, in 2020 a Group ESG Committee was established, superseding the previous ESG Executive Committee. As with other ESG matters, responsible investment activity is overseen by the Group ESG Committee. Operational responsibility for responsible investment activity is delegated to the Group Responsible Investment Advisory Committee (GRIAC). The GRIAC is constituted as a sub-committee of the Group ESG Committee and provides a forum for Group and business units to consider responsible investment approaches.
For more information, visit Prudential plc’s ESG home page and read the 2020 ESG Report.
The Eastspring Management Committee (EMC) drives and oversees the day-to-day operation of the firm globally. Eastspring Investments Responsible Investment Taskforce (RIT) is designated responsibility to oversee Eastspring Investments Responsible
Investment activities by the EMC. The RIT provides a forum to determine the strategic direction for Responsible Investment. It comprises of cross-functional representation of investment teams across our business.
The Eastspring Responsible Investment Working Group (ERIWG), which comprises of representatives across Eastspring Investments Local Business Units (LBUs), is a sub-committee of the RIT. It assists the RIT in implementing our Responsible Investment
Framework. In turn, locally-represented Responsible Investment Committees are formed, as needed, to discuss practical and operational issues encountered in the application of the investment teams' policies.
We are committed to an ongoing process of improving our approach to integrating ESG into our investment processes. Our policies will evolve over time to reflect changes in business practices, structures, technology, and the law.