Eastspring Investments: Responsible Investment Report 2022
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Supporting a Just and Inclusive Transition
Decarbonising the global economy requires global solutions. Global decarbonisation needs to be managed in a just and inclusive way, which requires considering the specific needs of emerging markets. The needs of these markets typically include higher dependence on fossil fuels because it tends to be more affordable and more stable, allowing for prioritisation of economic growth. However, the consequence of this is insufficient transition finance to cleaner sources of energy and other climate change mitigation and adaptation solutions. To meet global climate goals, it is critical to ensure the transition in emerging markets alongside that of developed markets, in a just and inclusive way.
Eastspring complements the Prudential’s approach particularly through our active ownership activities, as Eastspring drives engagement with companies on funds that we manage on their behalf.
With operations in Asia and Africa, Prudential is well placed to bring an emerging markets perspective to stakeholder discussions to help ensure the need for a just and inclusive transition in those markets is considered in policy and regulation. In 2022, Prudential provided further support on a just and inclusive transition through engagement and at various levels of advocacy.
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