3
Introduction
Active ownership
ESG integration
Climate change
Partnership with Prudential
Community and people
A final word
Foreword At Eastspring, our teams have shown remarkable resilience in 2022 by delivering on our priorities whilst navigating a complex time in the asset management industry. One of these key priorities has been our Responsible Investment (“RI”) efforts and it is with great excitement that we present our 2022 Eastspring Investments RI report. Putting this report together has allowed us to reflect on the strides we have made and reinforce where we want to be next on our RI journey. This was a foundational year for Eastspring’s RI progression. Taking stock of our key RI achievements in 2022, we have harmonised all RI-related policies across our markets into a single Eastspring Group Responsible Investment Policy (“Group RI Policy”) this past year. This policy uplift empowers us to adopt a consolidated One Eastspring approach towards our RI strategy in the years to come. Similarly, we enhanced our proprietary Environmental, Social, and Governance (“ESG”) data analytics so that our teams are equipped with technologies at their fingertips that will complement their decision making. We will continue enhancements to both in the new year. In our efforts towards strengthening our ESG leadership in Asia, we continue to drive active ownership efforts as investment teams across our markets leverage on their expertise and local knowledge to engage companies. We also enhanced our thematic engagement capabilities by expanding the range of topics being covered by our Central Engagement Programme. We are proud to share initial results and findings of our
thematic engagement on climate change and decarbonisation in the region. It truly reinforces one of the four tenets of our ESG Principles that active ownership is preferable over exclusion. Partnering with Prudential Group (“Prudential”) and aligning with our collective 2050 net-zero ambitions, we are delighted to share that we have well exceeded the goal of reducing the portfolio weighted average carbon intensity score (“WACI”) by 25% by 2025. We continue to support these ambitions and look forward to working on further initiatives that will support a climate transition that is inclusive and just. We are excited to share all that we have achieved with you. As we continue to make headway with our strategic initiatives, we hope that this report showcases our efforts across Eastspring to build a sustainable future together.
Bill Maldonado Chief Investment Officer & Interim Chief Executive Officer Eastspring Investments Group
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