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M&G maintains an overarching responsible investment policy that applies throughout the business.
You can find more information about our policy on this page, or visit the following pages to learn more about how it is implemented across our investment teams:
Contact us if you’d like more information about our approach to responsible investment.
The UK Stewardship Code sets out the principles of building constructive relationships and engagement between asset managers and investee companies. The Code, which was first introduced in 2010, is voluntary and operates on a comply-or-explain basis, with the Financial Reporting Council monitoring compliance.
We have been supportive of the UK Stewardship Code since its inception. Our investment teams and dedicated Corporate Finance & Stewardship team are committed to active engagement with investee companies to enhance value for our clients. We recognise the importance of accountability to our clients for the stewardship of their assets, and comply fully with all of the Code's principles in respect of UK-listed equity investments.
Find out more about M&G and the UK stewardship code to learn how we discharge our stewardship responsibilities.
M&G's 2018 Corporate Finance and Stewardship Report
An overview of M&G's responsible investment activities over the year
M&G and the Stewardship Code
The UK Stewardship Code was first introduced in 2010, setting the benchmark in the UK for institutional investors to meet ownership responsibilities in respect of their holdings of UK equities.
M&G's approach to responsible investment
We take our responsibilities as an investor seriously. Investment teams share an acute awareness of their duties as stewards of our clients’ assets, and this perspective informs all investment decisions.
Conflicts of interest disclosure statement
We use all reasonable endeavours to identify conflicts, manage them effectively and treat our clients fairly. This is central to the duty of care we owe to clients.
M&G Equities' approach to responsible investment
We believe that the long-term success of companies is supported by effective investor stewardship and high standards of corporate governance, while social and environmental issues can also have an important impact on a company’s performance and successful development.
M&G Fixed Income's approach to responsible investment
M&G is a long-term investor across both public and private fixed income markets. Our aim is to provide our clients with superior, long-term risk-adjusted returns driven by an in-depth analysis of all factors that are material to the risk or return of our investments.
Stewardship assurance opinion
We obtain independent assurance for its compliance with Principles 1, 2, 4, 6 and 7 of the UK Stewardship Code.
Cluster munitions policy
In response to the UN Convention on Cluster Munitions and country-specific legislation, we do not invest in securities issued by companies directly involved in the manufacture of cluster munitions.
Approach to investment in carbon-intensive businesses
We are firm believers in dialogue with company management on relevant environmental issues, where this can lead to positive outcomes, rather than wholesale divestment from high carbon-intensive sectors.
Responsible Property Investment Policy
M&G Real Estate looks to manage and respond to the growing range of environmental and social issues that can impact property values, helping protect and enhance fund and asset performance.
M&G Real Estate Environmental Policy Statement
M&G Real Estate will endeavour to ensure that our policies actively promote environmental protection, and wherever possible enhancement, within the confines of fiduciary duties to clients.
M&G recommits to climate change statement
The 2018 Global Investor Statement to Governments on Climate Change reiterates investors’ full support for the Paris Agreement and strongly urges all governments to implement the actions that are needed to achieve the Agreement’s goals. Sent to G7 governments ahead of their 2018 Summit in Canada, the statement has been signed by some 319 investors, representing USD $28 trillion in assets.
An active and informed voting policy is an integral part of our investment philosophy. By voting, we seek to add value to our clients and protect our interests as shareholders.
Remuneration Guidelines for UK Investee Companies
A company’s remuneration policy should be well governed, transparent and aligned with the interests of shareholders. Engagement on remuneration is part of our regular and purposeful dialogue with investee companies.
United Nations-backed Principles for Responsible Investment (PRI) Initiative is an international network of investors working together to put the six Principles for Responsible Investment into practice. Its goal is to understand the implications of sustainability for investors and support signatories to incorporate these issues into their investment decision making and ownership practices. In implementing the Principles, signatories contribute to the development of a more sustainable global financial system.
We will incorporate ESG issues into investment analysis and decision-making processes
We will be active owners and incorporate ESG issues into our ownership policies and practices
We will seek appropriate disclosure on ESG issues by the entities in which we invest
We will promote acceptance and implementation of the Principles within the investment industry
We will work together to enhance our effectiveness in implementing the Principles
We will each report on our activities and progress towards implementing the Principles
The PRI publishes an annual assessment report of individual signatories, which evaluates investors’ progress in implementing and articulating their Responsible Investment activities. For the 2018 report, we are pleased to have maintained our A+ rating for Strategy & Governance, which measures M&G’s overall Responsible Investment approach, putting us in the top quartile of PRI signatories.
As responsible investing has evolved, so too has the breadth of associated terminology. We’ve put together the following glossaries to define some of the most commonly used terms.