Prudential JP Morgan Natural Resources Fund Climate Report

This document is a climate report for the Prudential JP Morgan Natural Resources Fund as of December 31, 2024. It is based on the recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) and provides information to assess the fund's climate-related risks and opportunities. The report discusses the impact of the fund's investments on climate change and how climate change may influence investment performance. It addresses data integrity, coverage, and quality, noting that emissions data is not available for certain asset classes. The report also outlines changes in emissions over the past three years, detailing factors that may contribute to these changes. Furthermore, it presents climate metrics such as Financed Carbon Emissions (FCE) and Carbon Footprint (CF), which help evaluate the fund's exposure to carbon-intensive investments. The report includes scenario analysis to assess the fund's transition to a low-carbon economy and its exposure to climate risk over time.