About M&G India
We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.
Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.
Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.
About M&G
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.
Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
Job Title: Senior Manager - Climate
Function: Investment Research
Location: Mumbai (Powai)
Job Purpose
The role sits within the climate team. M&G Investments’ climate team supports the integration of climate change within investment activities of the firm. This involves development of climate metrics and frameworks, undertaking company research and implementing our exclusion policies at fund and firm level. This role is focused on enhancing M&G Investments’ approach to climate risk with specific responsibilities related to the implementation of the M&G Thermal Coal Investment Policy. Secondary responsibilities will include supporting the operationalisation of Sustainability strategies, alongside with being the first escalation point of call for the Sustainability Analyst.
Accountabilities / Responsibilities:
Key activities include:
Exclusion policy implementation – Delivery of the day-to-day implementation of the Thermal Coal Investment Policy. Monitoring the compliance of all holdings with the policy, undertaking company research to identify if specific issuers are compliant with the policy’s requirements, coordinating an annual review of the policy and maintaining records and operational documentation. As required engagement with internal stakeholders regarding the implementation of the policy (e.g. colleagues across the investment division).
Company analysis and engagement – Undertake company level analysis of transition plans to support the identification of issuers that are well positioned for the energy transition. Support engagement activities by identifying priority topics for discussions with company management.
Climate risk process enhancement – Support the development of M&G Investments’ process for managing its exposure to climate risk across climate sensitive sectors like coal and oil & gas.
Climate metric development – Support the development and implementation of companywide and fund level climate metrics including but not limited to carbon emissions, climate solutions and transition finance metrics. Support the development and implementation of metrics, tools and research frameworks for assessing climate risk, opportunity across different asset classes and sectors.
Reporting – As required, support the development of group level climate reporting and other client focused reporting on M&G Investments’ climate strategy and activities.
Strategic Sustainability Initiatives Implementation – Support implementation of various sustainability initiative to enhance and simplify controls for M&G Sustainability
This involves development of climate metrics and frameworks, undertaking company research and implementing our exclusion policies at fund and firm level.
Knowledge, Skills, Experience & Educational Qualification
Knowledge & Skills:
Proven track record managing complex projects, working with multiple stakeholders with different need and concerns
Strong numerical skills with fluency in the use of excel. Ability to use python and other tools to analyse large data sets, desirable. Experience working with large data sets.
Strong understanding of carbon accounting frameworks and methodologies (e.g. Partnership for Carbon Accounting Financials and the GHG Protocol).
Strong understanding of company transition planning frameworks and climate metrics like science based target setting methodologies. Detailed understanding of the energy transition pathways of companies in different sectors (particularly heavy industries and power sector companies).
Strong understanding and experience to support governance forums and committees, ensuring effective decision-making, regulatory compliance, and strategic alignment. Skilled in preparing agendas, managing voting processes, and overseeing documentation to maintain transparency and accountability.
Comprehensive understanding of climate science, climate policy and energy transition scenarios.
Experienced working on big climate projects / GHG data set projects / climate target setting projects / delivering a coal or ESG exclusions policy / doing climate scenario analysis
Demonstrate ability to use AI to accelerate the research process
Good written and verbal communication skills
Ability to prioritise and deliver work in a flexible manner
Very strong planning and organisational skills
Experience in people management preferred
Experience:
6-8 years of experience in sustainability
Educational Qualification:
Post-graduate from a reputed institute
CFA ESG Investing or Climate certificate desirable
Qualifications in project management desirable
M&G Behaviours relevant to all roles:
Tell it like it is: Respectfully speaking up to create better ways forward – both direct and empathetic
Own it now: Putting your name on things with confidence to drive progress and results quickly
Move it Forward Together: Forming cross-functional teams to seize the right opportunities and solve real problems.
We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
