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PGIM Fixed Income

PRI reporting framework 2020

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
Securitised
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

Given the regional diversity and sensitivities of PGIM Fixed Income global client base, many of our clients are keen for us to select credits across as broad a universe of investment opportunities as is appropriate for the strategy. We have adopted an approach and allow the use of SRI screens in each separately managed mandate based on client requirements in the investment management agreement.

04.3. Additional information. [Optional]

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.)

 


FI 05. Examples of ESG factors in screening process (Private)


FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Negative/exclusionary screening
Norms-based screening

06.2. Additional information. [Optional]


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