Group Environment Policy

Prudential plc is an international retail financial services group that aims to help people secure and enhance their own and their dependants’ financial well-being by providing savings, protection and other products and services suited to their needs.

Overall responsibility for approving and reviewing our Environment Policy lies with the Prudential plc Board which has determined that:

“We consider we have a responsibility to undertake sustainable practices that help preserve the planet.
It is therefore our policy to seek progressively to reduce our environmental impact in all our locations by minimising the use of resources and wherever possible prevent environmental damage.”

This policy statement applies to all Prudential plc locations and activities. The responsibility for its implementation jointly rests with our line management and with each employee.

The management of environmental issues is an integral part of managing the total risks faced by our business. In this context, our key environmental objectives are to:

Meet legal and other requirements

• We will comply with, or where possible exceed environmental legislation and approved codes of practice and put in place appropriate internal best practice standards.
• We will identify and monitor environmental hazards and assess and control environmental risk.
• We will provide adequate budget and resource for environmental management.

Set clear responsibilities for managing environmental issues

• We will expect each Business Unit, Local Business Unit and Group Function to implement effective arrangements for managing environmental issues in compliance with legislation and the Group Governance Manual.

Continuously improve environmental performance

• We will identify and monitor environmental hazards and assess and control environmental risk.
• We will prevent environmental incidents where possible and investigate any that do occur in order to help reduce their number and severity.
• We will learn from and share information through recognised environmental initiatives such as the UN Environment Programme for Financial Institutions on the Environment and Sustainable Development.
• We will discuss appropriate best-practice solutions within our industry and with appropriate external agencies and expert parties.

Reduce emissions and waste

• We will make efficient use of resources and minimise our use of energy, water and supplies.
• We will review our energy purchasing policies across our business and where possible purchase and utilise non-polluting and energy-efficient technologies.
• We will promote reuse and recycling and operate effective waste management systems.

Raise awareness among employees and encourage participation

• We will communicate this Policy and related material and we will allocate formal environmental responsibilities.
• We will provide appropriate environmental training, guidance and information.

Expect environmental standards similar to ours from others with whom we interact

• We will encourage our suppliers, contractors and business partners to adopt best practice in environmental performance and where appropriate, collaborate with them on environmental schemes and initiatives.
• We will encourage our customers to adopt more environmentally friendly behaviours and reduce their greenhouse gas emissions.
• We will liaise with the local community.

Protect shareholders' and other stakeholders' interests

• We will take all reasonable steps to ensure that wherever possible businesses take environmental issues into account.

This Policy is the framework for setting and reviewing our environmental objectives and targets. We will measure, audit and report our health and safety performance against this Policy, which will be reviewed periodically, or as required, to ensure that it remains relevant and appropriate.

Nic Nicandrou
Chief Financial Officer
April 2012