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ESG

StewardshipStewardship

PGIM Quant is committed to being active stewards within the investment industry. Our stewardship platform includes company engagements, proxy voting, and collaborative industry engagements.

  • View our ESG Policy

PGIM Quant aims to fulfil its stewardship responsibilities to further improve outcomes for the portfolios we manage for our clients. Stewardship is leveraged to address sustainability attributes such as climate, water usage, human rights, and other systemic sustainability issues, which are a focus of our stewardship objectives across various engagement approaches.

Engagement Overview

We believe it’s possible to proactively encourage companies to address material risks that they face and/or that do not align with best practices that have been shown to increase shareholder value.

 

Learn more about our Material Risk Engagement – 2022 Annual Report and 2023 Q2 Report.

Proxy Voting Overview

As a responsible investor and fiduciary, PGIM Quant's policy is to vote proxies in the best long-term economic interests of our clients.

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Collaboration & Reporting

We are dedicated to promoting ESG investment principles within the investment industry and maintaining the highest standards of transparency and communication.

Social Responsibility

PGIM Quant’s commitment to social and corporate responsibility extends to our pledge to ensure diversity, equity and inclusion in the workplace to honor the power of people.

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Read our UNPRI assessment and transparency reports below:

UN PRI ASSESSMENT REPORT

UN PRI TRANSPARENCY REPORT

Proxy Voting results

Proposal Category Type For Against Abstain Take No
Action
Unvoted Mixed 1
Year
2
Years
3
Years
Total
Totals 58,170 6,054 134 2,612 0 447 1,577 0 0 68,994
Audit/Financials 9,270 2 0 350 0 46 0 0 0 9,668
Board Related 35,173 3,284 58 1,097 0 193 0 0 0 39,805
Capital Management 2,943 894 4 151 0 8 0 0 0 4,000
Changes to Company Statutes 1,797 49 0 233 0 32 0 0 0 2,111
Compensation 6,624 1,007 1 407 0 40 1,577 0 0 9,656
M&A 312 2 0 0 0 12 0 0 0 326
Meeting Administration 1,166 81 0 208 0 18 0 0 0 1,473
Other 513 54 63 150 0 97 0 0 0 877
SHP: Compensation 31 75 0 1 0 0 0 0 0 107
SHP: Environment 51 121 1 6 0 0 0 0 0 179
SHP: Governance 202 306 5 8 0 1 0 0 0 522
SHP: Misc 8 8 0 0 0 0 0 0 0 16
SHP: Social 80 171 2 1 0 0 0 0 0 254

 

Proposal Category Type For Against Abstain Take No
Action
Unvoted Mixed 1 Year 2 Years 3 Years Total
Totals 55,416 5,687 176 2,382 0 2,733 307 0 0 66,701
Audit/Financials 8,566 2 0 327 0 383 0 0 0 9,278
Board Related 32,586 3,495 56 1,103 0 1,560 0 0 0 38,800
Capital Management 2,796 691 2 106 0 33 0 0 0 3,628
Changes to Company Statutes 2,499 52 0 59 0 81 0 0 0 2,691
Compensation 6,588 797 2 359 0 296 307 0 0 8,349
M&A 536 2 0 15 0 32 0 0 0 585
Meeting Administration 955 75 0 162 0 44 0 0 0 1,236
Other 604 63 108 223 0 112 0 0 0 1,110
SHP: Compensation 21 29 0 2 0 10 0 0 0 62
SHP: Environment 28 86 1 7 0 31 0 0 0 153
SHP: Governance 176 255 6 17 0 62 0 0 0 516
SHP: Misc 3 3 1 0 0 7 0 0 0 14
SHP: Social 58 137 0 2 0 82 0 0 0 279
Proposal Category Type For Against Abstain Take No
Action
Unvoted Mixed 1 Year 2 Years 3 Years Total
Totals 58,304 5,855 325 2,361 0 1,691 230 0 0 68,766
Audit/Financials 8,899 0 0 373 0 340 0 0 0 9,612
Board Related 34,712 3,548 215 1,261 0 708 0 0 0 40,444
Capital Management 2,774 816 2 128 0 73 0 0 0 3,793
Changes to Company Statutes 2,204 70 0 45 0 89 0 0 0 2,408
Compensation 7,098 750 0 362 0 247 230 0 0 8,687
M&A 648 7 0 6 0 19 0 0 0 680
Meeting Administration 1,086 94 0 143 0 31 0 0 0 1,354
Other 593 76 103 11 0 179 0 0 0 962
SHP: Compensation 10 31 2 0 0 1 0 0 0 44
SHP: Environment 31 85 2 6 0 2 0 0 0 126
SHP: Governance 173 298 1 25 0 2 0 0 0 499
SHP: Social 76 80 0 1 0 0 0 0 0 157
Proposal Category Type For Against Abstain Take No
Action
Unvoted Mixed 1 Year 2 Years 3 Years Total
Totals 36,707 3,693 65 1,374 0 0 187 0 0 42,026
Audit/Financials 4,815 0 0 198 0 0 0 0 0 5,013
Board Related 23,508 2,301 51 761 0 0 0 0 0 26,621
Capital Management 1,755 164 1 61 0 0 0 0 0 1,981
Changes to Company Statutes 1,141 40 0 18 0 0 0 0 0 1,199
Compensation 4,614 687 0 219 0 0 187 0 0 5,707
M&A 180 1 0 3 0 0 0 0 0 184
Meeting Administration 300 28 1 95 0 0 0 0 0 424
Other 111 10 1 6 0 0 0 0 0 128
SHP: Compensation 9 42 2 0 0 0 0 0 0 53
SHP: Environment 17 49 0 6 0 0 0 0 0 72
SHP: Governance 180 285 8 7 0 0 0 0 0 480
SHP: Misc 3 2 0 0 0 0 0 0 0 5
SHP: Social 74 84 1 0 0 0 0 0 0 159
Proposal Category Type For Against Abstain Take No
Action
Unvoted Mixed 1
Year
2
Years
3
Years
Total
Totals 51,730 5,055 365 2,252 0 4,107 328 0 0 63,837
Audit/Financials 7,758 1 0 352 0 568 0 0 0 8,679
Board Related 31,068 3,464 228 1,201 0 2,040 0 0 0 38,001
Capital Management 3,109 324 4 106 0 329 0 0 0 3,872
Changes to Company Statutes 1,678 47 0 77 0 154 0 0 0 1,956
Compensation 5,781 671 0 327 0 440 328 0 0 7,547
M&A 494 4 0 6 0 53 0 0 0 557
Meeting Administration 1,180 93 1 135 0 203 0 0 0 1,612
Other 347 35 126 40 0 219 0 0 0 767
SHP: Compensation 26 44 1 0 0 29 0 0 0 100
SHP: Environment 9 56 1 4 0 13 0 0 0 83
SHP: Governance 206 239 4 4 0 44 0 0 0 497
SHP: Social 73 73 0 0 0 15 0 0 0 161
SHP: Misc. 1 4 0 0 0 0 0 0 0 5

Shareholder meetings

From May 01, 2022 through Apr 30, 2023. Source: PGIM Quantitative Solutions.

 Key to Voting Results, Displays & Examples of Categories

Category Description
Take No Action
  • Clients that do not want to vote in certain markets due to confidentiality issues (e.g., not wanting to vote in registration/beneficial owner disclosure markets)
  • Client accounts that do not vote in certain markets due to high costs of power of attorney registration
  • ‘Share blocking’ markets where we choose not to vote so shares are not ‘tied up’ and prevented from being traded
  • Any Russian security that is listed on the OFAC sanctions list
Mixed
  • Includes situations where there may be multiple client voting policies and voting groups where one policy or group can vote on a proposal in one manner (e.g., “TNA”) while the others may vote in a different manner (e.g., “For”)
1, 2 and 3 Years
  • Pertains to votes on the “Frequency of Advisory Vote on Executive Compensation,” and correspond to the time period that defines the “frequency.”

Examples of Category Types

 

Category Type Description
Board
  • Size, Term Length
  • Election of Directors
Compensation
  • Advisory Votes on Executive Compensation
  • Advisory Votes on Severance
  • Director Fees
Shareholder Proposals on Environmental Issues
  • Reporting on Environmental Issues 
  • Report/Action on Climate Change
  • Report on Company Sustainability 
Shareholder Proposals on Governance Issues
  • Board Independence 
  • Composition of Board 
  • Elimination of Supermajority Powers 
Shareholder Proposals on Social Issues
  • Firearms
  • Drug Pricing/Distribution 
  • Reporting on Political Spending
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