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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 – 2024 Annual Report and 2024 Q4 Report.

 

The ESG portfolio construction process does not apply to all portfolios/strategies.

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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PGIM QUANT'S UN PRI SCORECARD AND REPORTS

  • ★ ★ ★ ★ ★

    Policy Governance and Strategy
  • ★ ★ ★ ★

    Direct - Listed Equity - Active Quantitative
  • ★ ★ ★ ★

    Confidence Building Measures

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 64,078 6,304 195 2,331 20 604 298 0 0 73,830
Audit/Financials 10,162 0 0 366 4 57 0 0 0 10,589
Board Related 38,402 3,492 94 1,012 10 283 0 0 0 43,293
Capital Management 2,950 847 1 98 3 11 0 0 0 3,910
Changes to Company Statutes 2,219 77 2 71 1 33 0 0 0 2,403
Compensation 7,594 1,021 0 353 1 47 298 0 0 9,314
M&A 432 2 0 8 0 21 0 0 0 463
Meeting Administration 1,391 110 0 226 0 43 0 0 0 1,770
Other 583 66 91 169 1 79 0 0 0 989
SHP: Compensation 24 62 0 1 0 1 0 0 0 88
SHP: Environment 39 124 1 4 0 0 0 0 0 168
SHP: Governance 183 306 3 21 0 25 0 0 0 538
SHP: Misc 5 13 0 0 0 1 0 0 0 19
SHP: Social 94 184 3 2 0 3 0 0 0 286

 

 

 

Proposal Category Type For Against Abstain Take No
Action
Unvoted Mixed 1
Year
2
Years
3
Years
Total
Totals 62,529 6,478 162 2,595 0 471 1,671 0 0 73,906
Audit/Financials 9,634 2 0 347 0 47 0 0 0 10,030
Board Related 37,414 3,494 80 1,084 0 200 0 0 0 42,272
Capital Management 3,155 978 4 148 0 8 0 0 0 4,293
Changes to Company Statutes 2,135 62 0 242 0 35 0 0 0 2,474
Compensation 7,464 1,094 1 402 0 41 1,671 0 0 10,673
M&A 485 4 0 1 0 20 0 0 0 510
Meeting Administration 1,271 86 0 215 0 20 0 0 0 1,592
Other 587 56 69 138 0 98 0 0 0 948
SHP: Compensation 32 78 0 1 0 0 0 0 0 111
SHP: Environment 51 120 1 6 0 1 0 0 0 179
SHP: Governance 208 316 5 10 0 1 0 0 0 540
SHP: Misc 10 10 0 0 0 0 0 0 0 20
SHP: Social 83 178 2 1 0 0 0 0 0 264

 

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

Shareholder meetings

Period: Jan 01, 2024 through Dec 31, 2024. Source: PGIM Quantitative Solutions, Glass Lewis

 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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