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Stock impact report

PGIM Appoints First Global Head of ESG [MarketWatch]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: MarketWatch
U.S.-based PGIM Inc., which manages about $1.5 trillion of assets, said Tuesday that Eugenia Unanyants-Jackson will become its first global head of ESG. Ms. Unanyants-Jackson joined the company as its inaugural head of ESG research at the firm's fixed-income segment in 2020. The appointment comes as PGIM's businesses note strong, growing demand from clients to embed environmental and social sustainability considerations into their products. PGIM's real-estate investment and financing business, for example, has invested more than $5 billion across affordable housing and transformative development properties, it said. Financial services companies have been adding ESG roles recently as appetite for sustainable investing grows. Credit Suisse Group AG last week expanded its ESG strategy team with five new hires. Asset managers State Street Global Advisors, Schroders PLC and Invesco all made similar moves last year. Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com Show less Read more
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