The report highlights the company's commitment to sustainability, which is reflected in its purpose statement ""For Every Life, For Every Future."" The report details the company's progress towards its sustainability goals, particularly in the areas of simple and accessible health and financial protection, responsible investment, and sustainable business. The company revised its portfolio decarbonisation target upwards, committing to deliver a 55% reduction in the carbon intensity of its investment portfolio by 2030 against its 2019 baseline. This commitment puts the company ahead of the expected WACI target update timeline for NZAOA signatories. The company also launched a new investment target on financing the transition, which operates as an underpin for the WACI reduction target and is linked to the executive remuneration. The company also highlighted its commitment to building resilient communities by supporting initiatives that champion financial education and inclusion, health and safety protection, and climate adaptation. The company invested a total of $13.0 million through the Prudence Foundation – its philanthropic community investment arm – and other community programs led by its local markets.
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Prudential PLC (UK) 2023 Sustainability Report
Issuing Company Prudential PLC (UK)
Report Type Sustainability Report
Report Language EN
Report Filesize 18.08 MB
No. of Pages 101 pages
Reporting period2023
Report EditionUnknown
Assurance Provider EY LLP
Reporting Standards GRI; SASB; UNSDGs; others
Materiality Assessmenttrue