To help achieve our target of net zero carbon emissions across our investments by 2050 at the latest, M&G is phasing out all thermal coal – a major contributor to global warming – from our investments by 2030 in developed countries, and 2040 in emerging markets.

By the end of 2021, new rates will be in place for each IBOR. Financial regulators have been closely engaged with industry working groups to identify alternative replacement reference rates.

At M&G Investments, our main priority as we respond to COVID-19 is the safety and wellbeing of our colleagues and continuing to deliver the highest level of service to our clients and customers.