At PGIM, we believe that leveraging our asset class expertise to develop asset class specific ESG frameworks represents a credible approach to ESG integration from both a fiduciary and a client perspective. As such, economically material ESG considerations are embedded throughout our investment processes as appropriate to deliver investment performance to our clients. As of year-end 2024, considerations of financially material ESG risks and opportunities have been integrated into the investment processes for 89% of PGIM’s total AUM.

As climate risks get reflected in market prices over time, we must understand and seek to manage climate-related risks in our portfolios, as well as actively identify opportunities for alpha generation along the path to a low carbon economy.
 

We are committed to supporting our clients by addressing these climate-related risks, capturing climate-related opportunities and/or meeting clients’ specific decarbonization goals. We believe a longer-term perspective and robust investment analysis is important to develop the nimbleness and foresight to seize the opportunities and navigate the risks of changing climate.