PGIM’s ESG investing report provides a comprehensive view of how PGIM incorporates environmental, social and governance factors into our investment processes. Using real life examples drawn from our investment portfolios, the report demonstrates how our asset managers use asset-class specific ESG approaches, analytical frameworks and research capabilities to identify investment risks and opportunities arising from our rapidly changing world, and how we apply our ESG capabilities and expertise to meet the needs of clients whose investment objectives go beyond risk/return optimization to include environmental and/or social goals.