Environmental, Social and Governance Report 2022

Company: PRU (2378)
Year: 2022
Published: 2023-04-20
Status: Processed

Extracted ESG KPIs

KPIs are organized by ESG aspects.

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2021 2022 2030 Report Pages
Coverage for the WACI of the investment portfolio % 69 67 32
Direct Scope 1 emissions (kgCO2e/m2) kgCO2e/m2 4.02 4.78 84
Direct Scope 1 emissions (tCO2e) tCO2e 1.481 1.645 84
Direct Scope 1 emissions (tCO2e/FTE) tCO2e/FTE 0.1 0.11 84
Direct Scope 2 (market based) emissions (kgCO2e/m2) kgCO2e/m2 54.21 49.23 84
Direct Scope 2 (market based) emissions (tCO2e) tCO2e 19.986 16.938 84
Direct Scope 2 (market based) emissions (tCO2e/FTE) tCO2e/FTE 1.37 1.11 84
Emissions from activities for which the company own and control, including combustion of fuel and operation facilities (Scope 1) tCO2e - Global (excluding UK and offshore) tCO2e 3954 1522 98
Emissions from activities for which the company own and control, including combustion of fuel and operation facilities (Scope 1) tCO2e - UK and offshore tCO2e 122 123 98
Emissions from purchase of electricity, heat, steam and cooling purchased for own use (Scope 2, location based) tCO2e - Global (excluding UK and offshore) tCO2e 36516 19749 98
Emissions from purchase of electricity, heat, steam and cooling purchased for own use (Scope 2, location based) tCO2e - UK and offshore tCO2e 122 131 98
Emissions from purchase of electricity, heat, steam and cooling purchased for own use (Scope 2, market based) tCO2e - Global (excluding UK and offshore) tCO2e 34900 16719 98
Emissions from purchase of electricity, heat, steam and cooling purchased for own use (Scope 2, market based) tCO2e - UK and offshore tCO2e 177 219 98
Energy consumption used to calculate above emissions: kWh (Scope 1) - Global (excluding UK and offshore) kWh 19252400 7039834 98
Energy consumption used to calculate above emissions: kWh (Scope 1) - UK and offshore kWh 663621 671652 98
Energy consumption used to calculate above emissions: kWh (Scope 2) - Global (excluding UK and offshore) kWh 69984995 32849795 98
Energy consumption used to calculate above emissions: kWh (Scope 2) - UK and offshore kWh 559790 638894 98
Intensity ratio tCO2e/FTE - Global (excluding UK and offshore) tCO2e/FTE 2.3354 1.4028 98
Intensity ratio tCO2e/FTE - UK and offshore tCO2e/FTE 1.1675 1.5875 98
Intensity ratio tCO2e/m2 - Global (excluding UK and offshore) tCO2e/m2 0.085 0.064 98
Intensity ratio tCO2e/m2 - UK and offshore tCO2e/m2 0.0119 0.0222 98
Operational emissions intensity (Scope 1 and 2, market-based) ratio tCO2e/FTE 1.21 9
Operational emissions intensity (tCO2e/FTE) tCO2e/FTE 1.47 1.21 32
Operational emissions intensity ratio (tCO2e/FTE) tCO2e/FTE 1.21 31
Reduction in the weighted average carbon intensity (WACI) of investment portfolio compared to 2019 baseline percent 43 31
Scope 1 (tCO2e) tCO2e 1481 1645 32
Scope 1 emissions tCO2e 1481 1645 39
Scope 2 emissions – location-based tCO2e 21547 19880 39
Scope 2 emissions – market-based tCO2e 19986 16938 39
Scope 2 – location based (tCO2e) tCO2e 21547 19880 32
Scope 2 – market-based (tCO2e) tCO2e 19986 16938 32
Scope 3 (upstream activities)† (tCO2e) tCO2e 8798 9487 32
Scope 3 business travel emissions increase compared with 2020 (Asia) percent 26 40
Scope 3 business travel emissions increase compared with 2021 (Asia) percent 173 40
Scope 3 emissions (upstream activities) tCO2e 8793 9487 39
Scope 3: Downstream activities (financed emissions) (tCO2e) tCO2e 4700000 3100000 32
Targeted operational emissions intensity ratio (tCO2e/FTE) for 2030 tCO2e/FTE 1.65 31
Tonnes per employee – Scope 1 and 2 1.47 1.21 39
Total Scope 1 and 2 using market-based approach tCO2e 21467 18583 39
Total Scope 1, 2 and 3 (upstream activities) using market-based approach tCO2e 30260 28069 39
Total gross Scope 1 and Scope 2 emissions (location-based) tCO2e - Global (excluding UK and offshore) tCO2e 40470 21272 98
Total gross Scope 1 and Scope 2 emissions (location-based) tCO2e - UK and offshore tCO2e 244 254 98
WACI (weighted average of tCO2e/$m revenue) tCO2e/$m revenue 296 219 32
Weighted average carbon intensity of investment portfolio percent reduction from 2019 baseline 43 9
kg per m² – Scope 1 and 2 58.22 54.01 39
kg per m² – Scope 1, 2 and 3 (upstream activities) 82.09 81.59 39

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2021 2022 Report Pages
Total non-hazardous waste produced (tonnes) tonnes 222 357 84
Total non-hazardous waste produced (tonnes/FTE) tonnes/FTE 0.02 0.02 84

Description of emissions target(s) set and steps taken to achieve them.

Indicator Unit 2022 2025 2030 2035 2040 2045 2050 2055 Report Pages
Carbon price, Asia, Disorderly transition scenario US$/tCO2 139.7 197.8 276.1 377 512.6 698.9 797.8 37
Carbon price, Asia, Orderly transition scenario US$/tCO2 61.5 87.4 122.7 171.4 237.6 325.4 366 37
Carbon price, Sub-Saharan Africa, Disorderly transition scenario US$/tCO2 64.7 105 180 306.3 479.7 716.3 793.6 37
Carbon price, Sub-Saharan Africa, Orderly transition scenario US$/tCO2 25.2 42.2 74.3 127.9 209.4 325.4 366 37
Carbon price, World, Disorderly transition scenario US$/tCO2 192.6 261 336.1 428 545.9 700.8 790.6 37
Carbon price, World, Orderly transition scenario US$/tCO2 85 114.6 180.7 255.2 345.1 451.2 493.9 37
Divestment from all direct investments in businesses deriving more than 30 percent of income from coal (equities fully divested by end of 2021, fixed-income assets by end of 2022) Substantively completed 9
Divestment from coal bonds in businesses deriving more than 30 percent of income from coal substantially completed 31

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2021 2022 Report Pages
Total Consumption (kWh) kWh 42413170 41120000 84
Total electricity consumption covered by green procurement strategies (Malaysia) percent, tCO2e 31 40
kWh/FTE kWh/FTE 2891.48 2688.6 84

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2021 2022 Report Pages
Total water withdrawal m³ 123025.82 163720.17 85
Total water withdrawal intensity m³/m² 0.33 0.48 85

Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.

Indicator Unit 2021 2022 Report Pages
Divestment from coal equities in businesses deriving more than 30 percent of income from coal fully achieved 31
Holdings in companies with more than 30 per cent of revenue from coal Fully divested from equities Substantially divested from bonds 32

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Indicator Unit 2021 2022 Report Pages
Gender diversity – senior management – Chair and Independent Non-executive Directors – Female 6 4 47
Gender diversity – senior management – Chair and Independent Non-executive Directors – Male 6 7 47
Gender diversity – senior management – Executive Directors – Female 3 2 47
Gender diversity – senior management – Executive Directors – Male 3 2 47
Gender diversity – senior management – Group Executive Committee (GEC) – Female 1 2 47
Gender diversity – senior management – Group Executive Committee (GEC) – Male 4 6 47
Gender diversity – senior management – Senior managers – Female 44 39 47
Gender diversity – senior management – Senior managers – Male 82 71 47
Gender diversity – total workforce – Female 7946 8363 47
Gender diversity – total workforce – Male 5912 6299 47
Gender diversity – total workforce – Total 13869 14681 47
Gender diversity – total workforce – Unspecified 11 18 47
Total workforce by age group - 30–50 10030.2 10535.4 86
Total workforce by age group - Above 50 1092.1 1230.4 86
Total workforce by age group - Below 30 2715.4 2880.9 86
Total workforce by age group - Unspecified 31 34 86
Total workforce by employment type - Full time 13854.8 14671.6 86
Total workforce by employment type - Part time 13.9 9.1 86
Total workforce by gender - Female 7946.1 8363.4 86
Total workforce by gender - Male 5911.6 6299.3 86
Total workforce by gender - Unspecified 11 18 86
Total workforce by region - Africa 1075 1126 86
Total workforce by region - Asia 12574.5 13399.7 86
Total workforce by region - Europe & USA 219.2 155 86
Women in senior management percent 35 9

Employee turnover rate by gender, age group and geographical region.

Indicator Unit 2021 2022 Report Pages
Employee turnover rate by age group - 30–50 19% 19% 86
Employee turnover rate by age group - Above 50 16% 20% 86
Employee turnover rate by age group - Below 30 38% 38% 86
Employee turnover rate by gender - Female 23% 21% 86
Employee turnover rate by gender - Male 26% 24% 86
Employee turnover rate by region - Africa 22% 22% 86
Employee turnover rate by region - Asia 24% 22% 86
Employee turnover rate by region - Europe and USA 56% 86
Employee turnover rate by region - Overall (ex. Africa) 24% 23% 86

Number and rate of work-related fatalities occurred in each of the past three years including the reporting year.

Indicator Unit 2022 Report Pages
Number of work injury incidents incidents 30 86

Lost days due to work injury.

Indicator Unit 2022 Report Pages
Lost days due to work injury days 43 86

The percentage of employees trained by gender and employee category (e.g. senior management, middle management).

Indicator Unit 2021 2022 Report Pages
Percentage of employees trained by employee category: Middle level % 99 93 87
Percentage of employees trained by employee category: Rank and file % 96 96 87
Percentage of employees trained by employee category: Top level % 99 95 87
Percentage of employees trained by gender: Female % 97 96 87
Percentage of employees trained by gender: Male % 97 96 87
Percentage of employees trained by gender: Unspecified % 45 65 87

The average training hours completed per employee by gender and employee category.

Indicator Unit 2021 2022 Report Pages
Average training hours completed per employee by gender: Female hours 12.44 15.58 87
Average training hours completed per employee by gender: Male hours 11.22 16.04 87
Average training hours completed per employee by gender: Unspecified hours 5.65 8.43 87
Average training hours completed per employee category: Middle level hours 9.19 9.91 87
Average training hours completed per employee category: Rank and file hours 12.63 16.06 87
Average training hours completed per employee category: Top level hours 6.09 11.54 87

Description of practices used to identify environmental and social risks along the supply chain, and how they are implemented and monitored.

Indicator Unit 2021 2022 Report Pages
Engagement with companies responsible for 65 percent of absolute emissions in investment portfolio fully met 9, 31
Engagement with the companies responsible for 65 per cent of the absolute emissions in our investment portfolio Reviewed 44% Engaged 31% Reviewed 100% Engaged 100% 32

Number of products and service related complaints received and how they are dealt with.

Indicator Unit 2021 2022 Report Pages
Customer retention rate (excluding India, Africa, Myanmar and Laos) 89% 89% 90
Number of complaints per 1000 policies complaints per 1000 policies 2 2 88
Number of products and service related complaints received and how they are dealt with 37589 88
Total number of complaints received / total claims raised x 1000 25 17 90

Description of consumer data protection and privacy policies, and how they are implemented and monitored.

Indicator Unit 2021 2022 Report Pages
Total number of (privacy) data breaches 18 20 54
Total number of (privacy) data breaches involving sensitive health information 6 1 54
Total number of customers and employees affected by company's data breaches 47266 24250 54
Total number of customers and employees affected by company's data breaches involving sensitive health information 113 1 54
Total number of incidents confirmed by the SIRT 30 12 54
Total number of incidents escalated to the Security Incident Response Team (SIRT) 69 39 54
Total number of incidents that are related to ransomware 2 54

Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases.

Indicator Unit 2021 2022 Report Pages
Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases Nil Nil 88
Total amount of monetary losses as a result of legal proceedings associated with marketing and communication of insurance product-related information to new and returning customer million USD 0.2 90

Resources contributed (e.g. money or time) to the focus area.

Indicator Unit 2021 2021 (restated) 2022 Report Pages
Cash donations to charities million 5.9 4.7 7.9 71
Cash donations to other community investment partners million Not reported 5.2 4.3 71
Employee participation in Cyber Security Awareness Month 1428 2450 54
Total cash contribution million 5.9 9.9 12.2 71
Total invested assets by asset class - Cash (as defined under IFRS) million USD 1112 1275 90
Total invested assets by asset class - Debt million USD 81540 63359 90
Total invested assets by asset class - Deposits including items classified as cash equivalents million USD 5351 8977 90
Total invested assets by asset class - Derivatives million USD 212 -462 90
Total invested assets by asset class - Equity securities and portfolio holdings in unit million USD 48448 46308 90
Total invested assets by asset class - Loan million USD 2367 2481 90
Total invested assets by asset class - Property million USD 56 67 90
Total invested assets by asset class - Total million USD 139086 122006 90
Total invested assets by industry - Basic materials million USD 1435 1311 90
Total invested assets by industry - Communications million USD 3879 3621 90
Total invested assets by industry - Consumer, cyclical million USD 2452 2585 90
Total invested assets by industry - Consumer, non-cyclical million USD 4913 4807 90
Total invested assets by industry - Energy million USD 3302 3081 90
Total invested assets by industry - Financial million USD 20016 18433 90
Total invested assets by industry - Funds million USD 9261 6024 90
Total invested assets by industry - Government million USD 46102 34473 90
Total invested assets by industry - Industrial million USD 2578 2515 90
Total invested assets by industry - Other million USD 40205 40913 90
Total invested assets by industry - Technology million USD 1807 1673 90
Total invested assets by industry - Total million USD 139086 122006 90
Total invested assets by industry - Utilities million USD 3186 2571 90

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2021 2022 2030
Direct GHG Emissions (Scope 1) tCO2e 1481 1645
Indirect Energy Emissions (Scope 2) tCO2e 19986 16938
Scope 1 GHG Emissions Intensity (By Area) kgCO2e/m2 4.02 4.78
Scope 1 GHG Emissions Intensity (By FTE) tCO2e/FTE 0.1 0.11
Scope 2 GHG Emissions Intensity (By Area) kgCO2e/m2 54.21 49.23
Scope 2 GHG Emissions Intensity (By FTE) tCO2e/FTE 1.37 1.11
Scope 3 GHG Emissions (Investments) tCO2e 4700000 3100000
Total GHG Emissions tCO2e 30260 28069
Total GHG Emissions Intensity (By Area) kgCO2e/m2 58.22 54.01
Total GHG Emissions Intensity (By Employee) tCO2e/FTE 1.47 1.21
Total GHG Emissions Intensity (By FTE) tCO2e/FTE 1.47 1.21 1.65
Total GHG Emissions Intensity (By Revenue) tCO2e/$m revenue 296 219
Total Other Indirect Energy Emissions (Scope 3) tCO2e 8798 9487

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2021 2022
Total Non-Hazardous Waste Intensity (By FTE) tonnes/FTE 0.02 0.02

Description of emissions target(s) set and steps taken to achieve them.

Standard Indicator Unit
GHG Emissions Reduction Compared to Last Year tCO2e

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2021 2022
Grid Electricity Consumption kWh 42413170 41120000
Percentage of Renewable Energy Consumption percent 31
Purchased Electricity kWh 42413170 41120000
Total Electricity Consumption Intensity (By FTE) kWh/FTE 2891.48 2688.6
Total Energy Consumption kWh 42413170 41120000
Total Indirect Energy Consumption kWh 42413170 41120000
Total Purchased Energy kWh 42413170 41120000

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2021 2022
Total Water Withdrawal m³ 123025.82 163720.17
Water Withdrawal Intensity m³/m² 0.33 0.48

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Standard Indicator Unit 2021 2022
Number of Employees Aged 30-50 10030.2 10535.4
Number of Employees Aged Above 50 1092.1 1230.4
Number of Employees Aged Below 30 2715.4 2880.9
Number of Employees in APAC 12574.5 13399.7
Number of Employees in Africa 1075 1126
Number of Employees in Asia 12574.5 13399.7
Number of Employees in EMEA 219.2 155
Number of Employees in Europe 219.2 155
Number of Female Employees 7946 8363
Number of Full-time Employees 13854.8 14671.6
Number of Male Employees 5912 6299
Number of Part-time Employees 13.9 9.1
Number of Total Employees 13869 14681
Percentage of Employees Aged 30-50 percent 72.34 71.8
Percentage of Employees Aged Above 50 percent 7.87 8.38
Percentage of Employees Aged Below 30 percent 19.59 19.63
Percentage of Female Employees percent 57.32 56.98
Percentage of Full-time Employees percent 99.89 99.94
Percentage of Male Employees percent 42.65 42.91
Percentage of Part-time Employees percent 0.1 0.06

Employee turnover rate by gender, age group and geographical region.

Standard Indicator Unit 2021 2022
Turnover Rate of Employees Aged 30-50 % 19 19
Turnover Rate of Employees Aged Above 50 % 16 20
Turnover Rate of Employees Aged Below 30 % 38 38
Turnover Rate of Employees in Africa % 22 22
Turnover Rate of Employees in Asia % 24 22
Turnover Rate of Female Employees % 23 21
Turnover Rate of Male Employees % 26 24

Lost days due to work injury.

Standard Indicator Unit 2022
Lost Days Due to Work-related Injuries days 43

The percentage of employees trained by gender and employee category (e.g. senior management, middle management).

Standard Indicator Unit 2021 2022
Percentage of Employees Trained % 97 96
Percentage of Trained Female Employees % 97 96
Percentage of Trained General Employees % 96 96
Percentage of Trained Male Employees % 97 96
Percentage of Trained Middle Management % 99 93
Percentage of Trained Senior Management % 99 95

The average training hours completed per employee by gender and employee category.

Standard Indicator Unit 2021 2022
Average Training Hours (Female) hours 12.44 15.58
Average Training Hours (General Staff) hours 12.63 16.06
Average Training Hours (Male) hours 11.22 16.04
Average Training Hours (Middle Management) hours 9.19 9.91
Average Training Hours (Senior Management) hours 6.09 11.54
Average Training Hours per Employee hours 5.65 8.43

Number of suppliers by geographical region.

Standard Indicator Unit
Number of Suppliers in Africa
Number of Suppliers in Asia (Excluding China)
Number of Suppliers in Europe
Number of Total Suppliers

Number of products and service related complaints received and how they are dealt with.

Standard Indicator Unit 2022
Number of Products and Service Related Complaints 37589

Description of consumer data protection and privacy policies, and how they are implemented and monitored.

Standard Indicator Unit 2021 2022
Number of Customer Privacy Leakage Incident 18 20

Resources contributed (e.g. money or time) to the focus area.

Standard Indicator Unit 2021 2021 (restated) 2022
Total Cash Donations million 5.9 9.9 12.2