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Introduction
Active ownership
ESG integration
Climate change
Partnership with Prudential
Community and people
A final word
2022 in numbers
Our ESG Manifesto At Eastspring Investments sustainability is embedded in our Company’s purpose “Experts in Asia. Invested in Your Future”. We are committed to making a positive difference to the future of our society and our environment. We embed sustainability into our culture and policies both in our investment decision and business management practices. We believe that at the centre of our sustainability efforts are our stakeholders and the environments we share with them. We identify areas and address environmental and social issues impacting our stakeholders through education and targeted action. Our ESG Philosophy 1 Integrating ESG results in better investment decisions. We believe that 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. We recognise that responsible investing requires a patient approach and an understanding that improvement in corporate behaviour can support investor value over time. We believe that companies that adopt sustainable business practices are more likely to deliver superior value in the long-term. 3 Active ownership is preferable to exclusion. We believe that hard exclusions from our investment universe should be utilised as a last resort, where ESG risks are insurmountable or where continued engagement is considered ineffective. Rather, seeking change in corporate behaviour through engagement is more likely to have real world impacts. 4 Transparency to our clients is important. We believe that providing transparency on our ESG activities helps our clients understand our priorities and impact.
744 engagements conducted across Eastspring Read about our engagement activities and case studies on page 16
43% decline in the WACI for the investment portfolio managed on behalf of Prudential since 2019 Read more about our climate change initiatives and progress on page 64 97.7% of the total number of items eligible for proxy voting are voted on by investment teams Read more about our proxy voting activity on page 46 SGD70k raised for partner charities, as part of Eastspring Singapore’s Spring for Kids auction Read more about corporate sustainability initiatives on page 84
1 harmonised Eastspring
Group Responsible Investment Policy
Read about our Group RI Policy and approach to ESG integration on page 52
13 ESG strategic offerings * Read more about our strategies on page 58 * as at 31 March 2023 87% of Eastspring Singapore’s SICAV range of funds are aligned with SFDR Article 8 Read more on page 58 72 companies identified for thematic engagement on climate change and decarbonisation Read about our central engagement capabilities on page 31
Note: All numbers are as at 31 December 2022.
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