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ESG

Stewardship & GovernanceStewardship&Governance

PGIM Quant is focused on promoting ESG principles within the investment industry. We support the recommendations of the Financial Stability Board’s Task Force on Climate-Related Disclosures (TCFD) and have contractually agreed to adhere to Japan’s Stewardship Code.

  • View our ESG Policy

PGIM Quantitative Solutions is focused on promoting ESG principles within the investment industry. We support the recommendations of the Financial Stability Board’s Task Force on Climate-Related Disclosures (TCFD) and have contractually agreed to adhere to Japan’s Stewardship Code. PGIM Quantitative Solutions is also a member of the Sustainability Accounting Standards Board (SASB) Investor Advisory Group, through which we encourage companies to disclose information on their carbon emissions and other ESG related factors.

PGIM Quant's UN PRI Scorecard and Reports

  • A+

  • A

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Read our full assessment and transparency reports below:

UN PRI ASSESSMENT REPORT

UN PRI TRANSPARENCY REPORT

Statement On Responsible Investing

PGIM Quantitative Solutions' goal is to meet client investment objectives by closely managing portfolio exposure to expected return and risk. When determining portfolio holdings, we evaluate the impact of many factors on meeting these objectives, including Environmental, Social and Governance (ESG) factors.

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Statement on Diversity, Equity & Inclusion

PGIM Quantitative Solutions has a long-standing commitment to diversity, equity and inclusion in the workplace. Since 1975, we have fostered an engaging environment that rewards intellectual and cultural diversity. We seek employees from a variety of backgrounds and cultures.

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Acceptance Of Japan's Stewardship Code

Since 2016, PGIM Quantitative Solutions has contractually agreed to adhere to Japan’s Stewardship Code and its underlying principles.

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Proxy Voting Overview

As a responsible investor and fiduciary, PGIM Quantitative Solutions' policy is to vote proxies in the best long-term economic interests of our clients (the appreciation in value of the investment over time). We have adopted voting guidelines that reflect our general philosophy on corporate governance matters and our approach to other issues that may arise.

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Proxy Voting results

Proposal Category Type For Against Abstain Take No
Action
Unvoted Mixed 1 Year 2 Years 3 Years Total
Totals 46,147 4,696 106 2,201 0 2,197 265 0 0 55,612
Audit/Financials 7,339 2 0 308 0 175 0 0 0 7,824
Board Related 27,835 2,945 38 1,031 0 1,375 0 0 0 33,224
Capital Management 2,091 505 1 103 0 25 0 0 0 2,725
Changes to Company Statutes 2,003 42 0 56 0 73 0 0 0 2,174
Compensation 5,331 657 0 346 0 192 265 0 0 6,791
M&A 229 1 0 9 0 28 0 0 0 267
Meeting Administration 700 57 0 144 0 40 0 0 0 941
Other 377 36 63 181 0 100 0 0 0 757
SHP: Compensation 19 26 0 2 0 9 0 0 0 56
SHP: Environment 22 75 1 7 0 31 0 0 0 136
SHP: Governance 153 226 2 12 0 60 0 0 0 453
SHP: Misc 1 1 1 0 0 7 0 0 0 10
SHP: Social 47 123 0 2 0 82 0 0 0 254
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
Proposal Category Type For Against Abstain Take No
Action
Unvoted Mixed 1
Year
2
Years
3
Years
Total
Totals 52,132 5,074 476 2,429 0 5,144 254 0 0 65,509
Audit/Financials 8,148 1 37 384 0 627 0 0 0 9,197
Board Related 31,164 3,586 300 1,286 0 2,705 0 0 0 39,041
Capital Management 3,185 330 2 94 0 323 0 0 0 3,934
Changes to Company Statutes 1,577 71 13 43 0 239 0 0 0 1,943
Compensation 6,095 629 13 390 0 446 254 0 0 7,827
M&A 519 4 0 22 0 125 0 0 0 670
Meeting Administration 887 59 25 175 0 303 0 0 0 1,449
Other 311 19 79 19 0 293 0 0 0 721
SHP: Compensation 17 27 0 0 0 16 0 0 0 60
SHP: Environment 18 56 0 2 0 15 0 0 0 91
SHP: Governance 176 194 4 14 0 39 0 0 0 427
SHP: Social 33 91 2 0 0 13 0 0 0 139
SHP: Misc. 2 7 1 0 0 0 0 0 0 10

Key to Table Headings & Examples of Categories

  • Take No Action category includes:
    • 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 category 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 categories pertain 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

  • 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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For Professional Investors only. All investments involve risk, including the possible loss of capital.

The content and materials presented here are for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence. PGIM Quantitative Solutions LLC (PGIM Quantitative Solutions or PGIM Quant), formerly known as QMA LLC, is an SEC-registered investment adviser and a wholly-owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI) of the United States of America. Registration with the SEC does not imply a certain level of skill or training. PFI of the United States is not affiliated in any manner with Prudential plc incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. 

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