Corporate Environmental Performance

The impact of climate change is already apparent, through climate and weather extremes and environmental events that are increasing in frequency and intensity.

As a corporate entity, our Group Governance Framework underpins our activities, including minimising the direct impacts of our operations on the environment.

Greenhouse gas emissions statement

We have compiled our global Greenhouse Gas (GHG) emissions in accordance with the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018.

GHG emissions are broken down into three scopes; we have included full reporting for Scope 1 and 2, and selected Scope 3 reporting as best practice. Scope 1 emissions are our direct emissions from the combustion of fuel, fugitive emissions and company-owned vehicles. Scope 2 emissions cover our indirect emissions from the purchase of electricity, heating and cooling. We have reported our Scope 2 emissions using both the location and market-based methods in line with the GHG Protocol Scope 2 Guidance. Our Scope 3 footprint includes business travel booked through our central travel management company, car travel in colleague owned cars, global water consumption (where data is available) and UK waste generated from our occupied properties with operational control.

We continue to review the extent of our Scope 3 reporting and increase coverage where practicable. Please refer to our Basis of Reporting for further detail on our methodology, which can be found on our website at: www.mandg.com

		2021		2020		2019
Emissions Source (tCO₂e)		UK	Total	UK	Total	UK	Total
Scope 1	Natural gas, oil (generators), vehicle fleet, refrigerants	1,531.28	1,600.57*	1,454.58	1,587.03	1,936.40	2,127.56
Scope 2 - location based	Electricity, purchased heat and steam	2,237.37	4,215.02*	2,208.00	3,214.14	4,213.00	5,848.90
Scope 2 - Market-based (supplier and residual mix)	Electricity, purchased heat and steam	2.56	168.50*	188.73	1,328.68	105.00	1,879.90
Scope 1 and 2 (tCO₂e) *	When reporting totals market-based emission are used	1,533.84	1,769.07*	1,643.31	2,915.72	2,041.40	4,007.46

	Energy use (MWh)	21,919.92*		19,416.55		26,205.15
	tCO₂e per FTE (Scope 1 and 2)	0.31*		0.52		0.74

Scope 3 (tonnes CO₂e )	Air travel (booked through central travel booker)	251.96*		1,281.00		8,946.00
	Land travel	20.56*		46.30		126.60
	Water (global where available data)	2.65*		4.22		11.18
	Waste (UK only)	92.35		169.00		365.00
	Total	367.52*		1,500.52		9,448.78
Global Scope 1,2 and 3 (tCO₂e) *		2,136.59*		4,416.24		13,456.24
	Water consumption across occupied estate (m³)	17,516*		12,250		32,385

^{KPMG has provided limited assurance over selected metrics in 2021 (as indicated by here) in accordance with “International Standard on Assurance (UK) 3000” – “Assurance Engagement other than Audits or Reviews of Historical Financial Information (ISAE (UK) 3000)” and, in respect of the greenhouse gas emissions, in accordance with “International Standard on Assurance Engagements 3410” – “Assurance Engagement on Greenhouse Gas Statements (ISAE 3410)”, issued by the International Auditing and Assurance Standards Board. The assurance statement can be found on our website.}

Data notes:

^{Reporting Period: 1 January 2021 to 31 December 2021

Baseline year: 2019

Independent Assurance: KPMG has provided limited assurance over selected environmental metrics in accordance with the International Auditing and Assurance Standards Board’s (ISAE3000 (Revised)) international standard.

Consolidation (boundary) approach: Operational control

Consistency with financial statements: M&G plc owns and manages assets which are held on its balance sheet in the financial statements over which it does not have operational control due to fund governance structures. These are excluded from the scope of reporting under the operational control approach.

Emission factor: Scope 1 and 3 reporting uses the UK DEFRA 2021 GHG Conversion Factors.

Scope 2 calculations use the IEA GHG 2021 Conversion Factors for location-based reporting.

Market-based reporting uses supplier emission factors for our UK REGO-backed supply and RE-DISS factors where available.

Accounting Methodology: The Greenhouse Gas Protocol Corporate Accounting and Reporting Standard

Materiality threshold: Five per cent

Data Restatements:  2020 data has been re-stated to include updated data. Previously modelled data included a small number of proxied data points.

Energy efficency action taken: In 2021 we reduced our emissions in relation to office energy use by significantly more than our annual target of 4.2%, due to reduced occupancy relating to COVID-19 and through continued adoption of energy attribute certificates (EACs) and green tariffs. We have also purchased carbon off-sets which cover our business travel and estimated colleague homeworking emissions in 2021.

Additionally, our office selection now includes requirements around energy use and type as well as increased use of tools such as green lease clauses to enable better provision of environmental data. M&G has made changes to its offices to reflect how colleagues will use our spaces moving forward. We have also completed lamp replacements in our Bath office switching to LED, expected to reduce lighting energy use by 40% in that office.}

2020 and beyond

We are building on our emerging operational business sustainability strategy that sets out our ambitions to embed sustainable activities across our corporate estate. We will be focusing on three key areas:

United Kingdom

(Change region)

Reduction

Reducing our greenhouse gas emissions associated with our occupied estate (scope 1 and 2) and business travel (scope 1 and 3)

1 /

Collaboration

Collaboration with the wider business, our supply chain and our peers to further embed and integrate sustainability best practice into all areas of the business

2 /

Engagement

Engaging with colleagues and customers to share our sustainable vision, and supporting our local communities to become more sustainable

3 /

Basis of reporting for environment

The Basis of Reporting document outlines the scope of KPIs reported covering GHG emissions data and other environmental metrics by M&G plc

You are about to enter the website of M&G Investments, a direct subsidiary of M&G plc.
Click here to proceed.

M&G plcの直接子会社であるM&G Investments（M&Gインベストメント）のウェブサイトにアクセスするには、
こちらをクリックしてください。

If you are looking for the affiliates of Prudential Financial, Inc., whose principal place of business is in the United States of America, click here to proceed.

アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.（プルデンシャル・ファイナンシャルInc.）の関連会社をお探しの場合は、こちらをクリックしてください。

If you are looking for the affiliates of Prudential plc, an international group incorporated in England and Wales, click here to proceed.

イングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）の関連会社をお探しの場合は、こちらをクリックしてください。

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA（健全性監督機構）及びFCA（金融行為規制機構）に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited（プルデンシャル・アシュアランス・カンパニー・リミテッド）の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.（プルデンシャル・ファイナンシャルInc.）またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）とは一切関係がありません。

Environmental performance

Greenhouse gas emissions statement

2020 and beyond

Basis of reporting for environment