PGIM Real Estate
QMA
PGIM Fixed Income
Jennison Associates
PGIM PrIVATE CAPITAL
PGIM GLOBAL PARTNERS
At PGIM Fixed Income, we recognize the importance of integrating ESG factors into our global investment research assessment and decision-making process. We consider relevant ESG factors in our investment process to work toward our ultimate fiduciary duty—searching for the highest risk-adjusted returns for our clients.
We are committed to a substantive and fully integrated approach to ESG investing. PGIM Fixed Income is aligned with the world’s leading proponents of responsible and sustainable investing, and implements the Principles of the UN Global Compact (UNGC) and the UN Sustainable Development Goals (SDGs) to help our clients achieve ESG objectives that may have a lasting impact on our global society. We also established the PGIM Fixed Income ESG Committee to act as the governing body for directing and overseeing all of our ESG-related activities, including:
ESG at PGIM Fixed Income
Since 2015
At PGIM Real Estate, we strive to embed ESG best practices throughout our real estate investment, asset management, risk management and talent management processes. We embrace corporate responsibility, fairness and transparency as we work to meet the needs of our global clients, and bring the E, S and G of responsible investing to life.
ESG at PGIM Real Estate
Since 2009
Building Better Outcomes
Environmental: Our responsible resource reduction strategies enhance environmental and investment performance for our clients. Focusing on waste prevention and preserving natural resources, we advocate for operating practices and construction methods that: 1. protect human health and preserve biodiversity; 2. increase the use of sustainable materials and renewable energy; and 3. reduce waste and CO₂ emissions.
Social: In addition to corporate grants and charitable contributions, we empower our employees to volunteer their time and skills to initiatives that align with their interests, and increase human potential, self-sufficiency, and diversity and inclusion. With a commitment to our communities and a long-term approach to ESG investing, we’ve invested over $5 billion of equity across 146 properties with impact components since 2010.
Governance: ESG issues are foundational to our investment analysis and due diligence processes, which include a rigorous underwriting regimen, risk management evaluation and approval procedures. Our ESG Policy guides our ESG-related objectives, and we report ESG fund performance to our investors on an annual basis.
Identifying Sustainable, Long-Term Competitive Advantages
PGIM Quantitative Solutions’ approach to integrating ESG in our investment portfolios is intended to address the challenges facing the responsible investor, without compromising long-term risk mitigation or expected returns. As a diversified multi-factor equity manager, we employ various tools that enable us to seek alternatives for investments where ESG exposure may be problematic.
Aligned with a client-first approach to investing, we developed a comprehensive ESG framework that evaluates, expands and integrates ESG insights to solve a variety of problems facing responsible investors with different risk budgets, sustainability objectives and interests. Our ESG framework can be applied to investment strategies across the active risk-return spectrum.
Our commitment to delivering better ESG outcomes to our clients is highlighted through our participation in the Council of Institutional Investors (CII), International Corporate Governance Network (ICGN), Sustainability Accounting Standards Board (SASB), and Investor Advisory Group (IAG). We also adhere to the Task Force on Climate-Related Financial Disclosures and Japan’s Stewardship Code. As a responsible investor, PGIM Quantitative Solutions advocates for accountability across the investment community. Our approach to ESG investing is continually evolving, as we embrace new data, insights and techniques.
ESG at QMA
Since 2015
ESG Investments for Every Risk and Return Budget
At Jennison Associates, our primary objective is to generate superior long-term performance for our clients with integrity and in accordance with our fiduciary responsibility. Because we believe ESG factors can materially affect the long-term success of a company and the returns of its securities, we integrate the assessment of ESG considerations in the fundamental research that informs all our investment decisions.
ESG at PGIM Fixed Income
Since 2015
Evaluating ESG Investments and Supporting Client Interests
For over 80 years, PGIM Private Capital’s investment approach has been defined by thoughtful analysis, long-term thinking and strong relationships. We believe that integrating ESG factors into our investment process is a fundamental part of generating attractive risk-adjusted returns for our clients.
As a long-term investor, our expected holding period for most investments is 10 years or more, and we have had the good fortune of maintaining continuous investment relationships with many businesses and institutions extending over several decades. This has required an investment approach oriented around sustainable practices. Our long and pioneering history investing in the renewable energy, education, and transportation infrastructure sectors (among others) has been underpinned by thoughtful consideration of ESG factors. As of year-end 2019, our AUM included over $6.8 billion invested across socially responsible sectors.
Regular engagement with companies in our investment portfolios has always been a critical part of our investment process. As a relationship-based investor, we strive to cultivate active dialogue with the companies and institutions in which we invest and meet face-to-face with most companies several times each year. We engage with companies regarding their ESG practices because we believe it is in those companies’ long-term interests to be responsible corporate citizens.
ESG at PGIM Fixed Income
Since 2015
Socially Responsible Investing: Renewable Energy, Education and Transportation Infrastructure
Pramerica SGR, PGIM’s joint venture asset management business in Italy, maintains a deep conviction to ESG through its investment strategies, corporate culture and support of various organizations and projects dedicated to sustainability and social issues. With a long-standing commitment to socially responsible investing, the firm has offered thematic and non-thematic socially responsible solutions since 2005. Today, Pramerica SGR is ranked fourth in the Italian market for its SRI/ESG capabilities with over $5.5 billion in assets under management across eight strategies.²
Our approach to responsible investing has developed over time, and is based on our clients’ needs and our long-term focus. The evolution of our ESG platform is reflected in the range of strategies we currently manage. Presently, we integrate ESG factors along with traditional financial analysis to build and manage designated portfolios through our internal ESG investment process. In addition, our firm donates a percentage of management fees for certain SRI/ESG funds to non-profit organizations focused on sustainability and social causes.
ESG at PGIM Fixed Income
Since 2015
Socially Responsible Investing Brought to Local Markets Around the World
Appointing a Head of ESG Research, reporting to the Head of Credit and supported by a new team of investment specialists
Developing a new framework where Fundamental Analysts assign internal ESG ratings and a new methodology that incorporates one ESG rating scale for all issuers
Expanding policies and procedures that integrate ESG factors into the PGIM Fixed Income investment process
Instituting and maintaining guidelines for ESG-related funds managed by PGIM Fixed Income
Fundamental Research is the cornerstone of our process. Research conducted by our investment professionals across the range of equity and fixed income strategies we manage is the source of investment ideas. Our investment professionals conduct deep fundamental research to identify compelling investment opportunities. They seek to determine company, industry, and sector fundamentals and prospects over short and longer terms, projecting how industries and businesses will change over time. When conducting the fundamental research necessary to build financial estimates for individual companies, we consider the potential risks and opportunities of various factors, including ESG factors, assessing their materiality in affecting a company’s financial prospects or business model.
Engagement: During the course of a typical year, our investment professionals engage with thousands of company managements on a variety of topics, including ESG issues. As active investors, we seek to build constructive long-term relationships with companies’ management teams and their boards.
Proxy Voting policies and guidelines have been developed with issues such as ESG in mind. Jennison Associates participates in all proxy votes in a manner consistent with our fiduciary responsibilities, seeking to vote in alignment with our clients’ best economic interests over the long term.
Since 2020
PGIM Real Estate
PGIM Fixed Income
Jennison Associates
PGIM PrIVATE CAPITAL
PGIM GLOBAL PARTNERS
PGIM QUANTITATIVE SOLUTIONS
PGIM Real Estate
PGIM Fixed Income
Jennison Associates
PGIM PrIVATE CAPITAL
PGIM GLOBAL PARTNERS
PGIM QUANTITATIVE SOLUTIONS
Learn more
Learn more
Learn more
INTEGRATING ESG ACROSS ASSET CLASSES
We bring deep investment expertise across asset classes and provide our clients with investment solutions to their ESG and sustainability challenges.
Learn more
Learn more
PGIM Real Estate
QMA
PGIM Fixed Income
Jennison Associates
PGIM PrIVATE CAPITAL
PGIM GLOBAL PARTNERS
At PGIM Fixed Income, we recognize the importance of integrating ESG factors into our global investment research assessment and decision-making process. We consider relevant ESG factors in our investment process to work toward our ultimate fiduciary duty—searching for the highest risk-adjusted returns for our clients.
We are committed to a substantive and fully integrated approach to ESG investing. PGIM Fixed Income is aligned with the world’s leading proponents of responsible and sustainable investing, and implements the Principles of the UN Global Compact (UNGC) and the UN Sustainable Development Goals (SDGs) to help our clients achieve ESG objectives that may have a lasting impact on our global society. We also established the PGIM Fixed Income ESG Committee to act as the governing body for directing and overseeing all of our ESG-related activities, including:
ESG at PGIM Fixed Income
Since 2015
At PGIM Real Estate, we strive to embed ESG best practices throughout our real estate investment, asset management, risk management and talent management processes. We embrace corporate responsibility, fairness and transparency as we work to meet the needs of our global clients, and bring the E, S and G of responsible investing to life.
ESG at PGIM Real Estate
Since 2009
Building Better Outcomes
Environmental: Our responsible resource reduction strategies enhance environmental and investment performance for our clients. Focusing on waste prevention and preserving natural resources, we advocate for operating practices and construction methods that: 1. protect human health and preserve biodiversity; 2. increase the use of sustainable materials and renewable energy; and 3. reduce waste and CO₂ emissions.
Social: In addition to corporate grants and charitable contributions, we empower our employees to volunteer their time and skills to initiatives that align with their interests, and increase human potential, self-sufficiency, and diversity and inclusion. With a commitment to our communities and a long-term approach to ESG investing, we’ve invested over $5 billion of equity across 146 properties with impact components since 2010.
Governance: ESG issues are foundational to our investment analysis and due diligence processes, which include a rigorous underwriting regimen, risk management evaluation and approval procedures. Our ESG Policy guides our ESG-related objectives, and we report ESG fund performance to our investors on an annual basis.
Identifying Sustainable, Long-Term Competitive Advantages
QMA’s approach to integrating ESG in our investment portfolios is intended to address the challenges facing the responsible investor, without compromising long-term risk mitigation or expected returns. As a diversified multi-factor equity manager, we employ various tools that enable us to seek alternatives for investments where ESG exposure may be problematic.
Aligned with a client-first approach to investing, we developed a comprehensive ESG framework that evaluates, expands and integrates ESG insights to solve a variety of problems facing responsible investors with different risk budgets, sustainability objectives and interests. Our ESG framework can be applied to investment strategies across the active risk-return spectrum.
Our commitment to delivering better ESG outcomes to our clients is highlighted through our participation in the Council of Institutional Investors (CII), International Corporate Governance Network (ICGN), Sustainability Accounting Standards Board (SASB), and Investor Advisory Group (IAG). We also adhere to the Task Force on Climate-Related Financial Disclosures and Japan’s Stewardship Code. As a responsible investor, QMA advocates for accountability across the investment community. Our approach to ESG investing is continually evolving, as we embrace new data, insights and techniques.
ESG at QMA
Since 2015
ESG Investments for Every Risk and Return Budget
At Jennison Associates, our primary objective is to generate superior long-term performance for our clients with integrity and in accordance with our fiduciary responsibility. Because we believe ESG factors can materially affect the long-term success of a company and the returns of its securities, we integrate the assessment of ESG considerations in the fundamental research that informs all our investment decisions.
ESG at PGIM Fixed Income
Since 2015
Evaluating ESG Investments and Supporting Client Interests
For over 80 years, PGIM Private Capital’s investment approach has been defined by thoughtful analysis, long-term thinking and strong relationships. We believe that integrating ESG factors into our investment process is a fundamental part of generating attractive risk-adjusted returns for our clients.
As a long-term investor, our expected holding period for most investments is 10 years or more, and we have had the good fortune of maintaining continuous investment relationships with many businesses and institutions extending over several decades. This has required an investment approach oriented around sustainable practices. Our long and pioneering history investing in the renewable energy, education, and transportation infrastructure sectors (among others) has been underpinned by thoughtful consideration of ESG factors. As of year-end 2019, our AUM included over $6.8 billion invested across socially responsible sectors.
Regular engagement with companies in our investment portfolios has always been a critical part of our investment process. As a relationship-based investor, we strive to cultivate active dialogue with the companies and institutions in which we invest and meet face-to-face with most companies several times each year. We engage with companies regarding their ESG practices because we believe it is in those companies’ long-term interests to be responsible corporate citizens.
ESG at PGIM Fixed Income
Since 2015
Socially Responsible Investing: Renewable Energy, Education and Transportation Infrastructure
Pramerica SGR, PGIM’s joint venture asset management business in Italy, maintains a deep conviction to ESG through its investment strategies, corporate culture and support of various organizations and projects dedicated to sustainability and social issues. With a long-standing commitment to socially responsible investing, the firm has offered thematic and non-thematic socially responsible solutions since 2005. Today, Pramerica SGR is ranked fourth in the Italian market for its SRI/ESG capabilities with over $3.9 billion in assets under management across eight strategies.²
Our approach to responsible investing has developed over time, and is based on our clients’ needs and our long-term focus. The evolution of our ESG platform is reflected in the range of strategies we currently manage. Presently, we integrate ESG factors along with traditional financial analysis to build and manage designated portfolios through our internal ESG investment process. In addition, our firm donates a percentage of management fees for certain SRI/ESG funds to non-profit organizations focused on sustainability and social causes.
ESG at PGIM Fixed Income
Since 2015
Socially Responsible Investing Brought to Local Markets Around the World
Appointing a Head of ESG Research, reporting to the Head of Credit and supported by a new team of investment specialists
Developing a new framework where Fundamental Analysts assign internal ESG ratings and a new methodology that incorporates one ESG rating scale for all issuers
Expanding policies and procedures that integrate ESG factors into the PGIM Fixed Income investment process
Instituting and maintaining guidelines for ESG-related funds managed by PGIM Fixed Income
Fundamental Research is the cornerstone of our process. Research conducted by our investment professionals across the range of equity and fixed income strategies we manage is the source of investment ideas. Our investment professionals conduct deep fundamental research to identify compelling investment opportunities. They seek to determine company, industry, and sector fundamentals and prospects over short and longer terms, projecting how industries and businesses will change over time. When conducting the fundamental research necessary to build financial estimates for individual companies, we consider the potential risks and opportunities of various factors, including ESG factors, assessing their materiality in affecting a company’s financial prospects or business model.
Engagement: During the course of a typical year, our investment professionals engage with thousands of company managements on a variety of topics, including ESG issues. As active investors, we seek to build constructive long-term relationships with companies’ management teams and their boards.
Proxy Voting policies and guidelines have been developed with issues such as ESG in mind. Jennison Associates participates in all proxy votes in a manner consistent with our fiduciary responsibilities, seeking to vote in alignment with our clients’ best economic interests over the long term.
Since 2020
PGIM Real Estate
PGIM Fixed Income
Jennison Associates
PGIM PrIVATE CAPITAL
PGIM GLOBAL PARTNERS
QMA
PGIM Real Estate
PGIM Fixed Income
Jennison Associates
PGIM PrIVATE CAPITAL
PGIM GLOBAL PARTNERS
QMA
ESG at PGIM Fixed Income
ESG at QMA
ESG at PGIM Real Estate
INTEGRATING ESG ACROSS ASSET CLASSES
We bring deep investment expertise across asset classes and provide our clients with investment solutions to their ESG and sustainability challenges.