M&G plc is delighted to announce that the Prudential Assurance Company, its asset owner, has for the second year running been accepted as a signatory of the FRC’s UK Stewardship Code, the gold standard for stewardship in our industry, joining our asset manager M&G Investments which has become a signatory for the twelfth year running1.
We are proud to be recognised once again for our active stewardship, and the work we do to support our customers’ financial goals by considering how their investments affect – and are affected by – what’s happening in our society and environment.
To become a signatory to the UK Stewardship Code, organisations must demonstrate to the FRC how they have applied the Code’s Principles in the previous 12 months. M&G plc’s inclusion in both the asset manager and asset owner signatory lists signifies that our work has met the FRC’s high stewardship standards for those investing money on behalf of UK savers and pensioners, and those that support them.
Jack Daniels, Chief Investment Officer of M&G plc said: “We believe responsible and sustainable stewardship is material to the long term performance of our customers’ and clients’ savings and investments. We’re pleased that the FRC has recognised our efforts to embed responsible allocation, management and oversight of capital into our investment processes, actively engaging with companies to maximise long term value for customers and clients.
1 M&G Investments has been a signatory of the UK Stewardship Code since it launched in 2010, this is the second year it has been a signatory of the updated Code launched in 2020.