18 Apr 2023

SINGAPORE (18 April 2023) - Eastspring Investments Group (“Eastspring”), the Asia-based asset management firm of Prudential plc, today launched its 2022 Responsible Investment (“RI”) Report, which details Eastspring’s achievements and progression in the realm of responsible investment.

“At Eastspring, sustainability is embedded in our Company’s purpose as “Experts in Asia. Invested in Your Future”. We are committed to driving positive change, and our deep understanding of Asian markets, paired with our global perspectives helps us deliver impact and returns – to promote a just and inclusive transition," said Bill Maldonado, Chief Investment Officer & Interim Chief Executive Officer, Eastspring Investments Group. “RI and Environmental, Social, and Governance (“ESG”) considerations have only continued to grow in importance, and we have made great progress in our sustainability initiatives in the last year.”

In 2022, Eastspring conducted a total of 744 engagements, and expanded its thematic engagement capabilities by increasing the range of topics covered in its Central Engagement Programme – a platform used to express the asset manager’s expectations on material ESG themes to targeted investee companies. The firm strongly believes in active ownership over exclusion, and Eastspring teams across the region leverage long-standing relationships with issuers to engage on material ESG issues in markets the firm has operations in.

Furthermore, Eastspring improved its proprietary ESG data analytics capability, to support knowledge transfer, enhance decision making within and across teams, and to contribute to industry efforts towards greater harmonisation, whilst navigating data gaps.

Stuart Wilson, Head of Sustainability, Eastspring Investments Group, said: “With a footprint that spans 11 markets in Asia, the value of the insights that our local teams bring to the fore is unique in the market. A big milestone was the successful harmonisation of all RI-related policies across our local operations into one single Eastspring Group Responsible Investment Policy.”

The Report includes case studies illustrating initial results and findings of Eastspring’s thematic engagement on climate change and decarbonisation in the region. It also details Eastspring’s ESG Philosophy, which is centred around four key tenets:

1. Integrating ESG considerations results in better investment decisions.

  • Incorporating material ESG considerations into the investment process can add value which can result in higher risk-adjusted returns for our clients over the long term.

2. Engaging with investee entities can be constructive.

  • Eastspring’s market expertise can foster long-term, collaborative relationships with directly held investee companies to deepen collective understanding and tackle material issues including ESG risks and opportunities.

3. Active ownership is preferable to exclusion.

  • Engagement and proxy voting are key drivers of active ownership.

4. Transparency to our clients is important.

  • Providing transparency on ESG activities helps Eastspring clients understand priorities and impact.

Key achievements for Eastspring’s RI efforts in 2022

Key achievements for Eastspring’s RI efforts in 2022

More information and the full Eastspring 2022 Responsible Investment report can be found at https://www.eastspring.com/sustainability

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