In 2018, PGIM Fixed Income approved expanding the use of socially-responsible screening in the management of all of our UCITS funds. We have engaged a third-party agent, Sustainalytics, to screen for the ineligible SRI investments, and the list is updated every month.
Norm-based screening is also used in some of our pooled funds to filter companies that violate the United Nations Global Compact. An exclusion strategy is also applied to identify companies that are involved in certain prohibited industries (e.g. the manufacture of tobacco, or the production of nuclear or other controversial weapons including anti-personnel mines, cluster weapons, biological/chemical weapons, depleted uranium, nuclear weapons, and white phosphorus.)