Prudential PLC

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Comprehensive	Prudential PLC is highly transparent about its climate-policy lobbying. The company names a wide range of specific measures it has engaged on, including Singapore’s Monetary Authority Green Investments Programme, the ASEAN Taxonomy for Sustainable Finance, Vietnam’s Just Energy Transition Partnership, the Energy Transition Mechanism, and supervisory initiatives led by the International Association of Insurance Supervisors, the Taskforce on Climate-related Financial Disclosures and the Singapore Exchange. It also sets out the ways it seeks to influence these measures, describing bilateral meetings with the Chair of the IAIS Climate Task Force, participation in IAIS and ASEAN Taxonomy Board consultations and online questionnaires, membership of Vietnam’s JETP private-sector working group, workshops it organised with the Vietnamese Government on labelled bond standards, and direct collaboration with the Monetary Authority of Singapore, as well as roundtables it hosted with academics, NGOs and policymakers during COP events. Prudential clearly states what it wants these engagements to achieve: early retirement of coal-fired power plants and expansion of renewables through the Energy Transition Mechanism, development of national green-bond taxonomies and disclosure standards in Vietnam, incorporation of climate data into IAIS supervisory monitoring, and broader goals such as “support with no exceptions” for the ASEAN taxonomy to “effectively encourage sustainable investments in the region”. By providing concrete examples, naming its counterparts and detailing the policy changes it is advocating, the company demonstrates a comprehensive level of transparency in its climate-related lobbying activities.	4

Lobbying Governance

Overall Assessment	Comment	Score
Moderate	Prudential has established a formal policy for communications with government officials that encompasses climate-related risk topics and ensures that “political engagement is coordinated by local CEOs, local and Group-level government relations teams,” supported by “a regular process for ensuring that all headquarters and business units comply with the policy and confirm that no political donations or contributions have been made,” which reflects structured oversight of its lobbying activities. The company also designates “Matt Cavanagh, Group Director of Government Relations” as the responsible point of contact, and asserts that “Prudential’s engagement designed in line with the Net Zero Asset Owner Alliance’s framework, is informed by our ESG strategy and overall governance to ensure consistency,” indicating that its advocacy is at least broadly aligned with its climate objectives. However, the company does not disclose a dedicated climate-lobbying review process or board-level sign-off for climate-specific advocacy plans, and we found no evidence of any formal mechanism for evaluating or managing indirect lobbying via trade associations against its climate strategy, nor of a publicly available audit or third-party assessment of its climate-related lobbying alignment.	2