diff --git a/go.mod b/go.mod
index 1e0cf5faa..b2a2f250f 100644
--- a/go.mod
+++ b/go.mod
@@ -56,7 +56,7 @@ require (
 	github.com/spf13/pflag v1.0.5
 	github.com/tektoncd/chains v0.14.0
 	github.com/tektoncd/hub v1.11.1
-	github.com/tektoncd/pipeline v0.43.1
+	github.com/tektoncd/pipeline v0.43.2
 	github.com/tektoncd/plumbing v0.0.0-20221102182345-5dbcfda657d7
 	github.com/tektoncd/triggers v0.22.0
 	github.com/theupdateframework/go-tuf v0.5.2-0.20220930112810-3890c1e7ace4
diff --git a/go.sum b/go.sum
index 2ac48c8d7..075cd547e 100644
--- a/go.sum
+++ b/go.sum
@@ -3287,8 +3287,8 @@ github.com/tektoncd/hub v1.11.1 h1:ec1Q0twM2VTwKnZT5n1U/x+2JKC8wrESbRPPWHyGLEc=
 github.com/tektoncd/hub v1.11.1/go.mod h1:6pCq7zMVlQhqVMEmKme9fc9CYnEDxqWr5xIFVTUvRUE=
 github.com/tektoncd/pipeline v0.41.0/go.mod h1:YY4+PGfdsd6Qxn3PZXmCpKeS3heK8pIIcnUt37vRJ2Q=
 github.com/tektoncd/pipeline v0.42.0/go.mod h1:AsKKcVxseE/VxA28hgXJ/JO/L3yl60jlegDgDUCSNXE=
-github.com/tektoncd/pipeline v0.43.1 h1:+ZQLzjDfhTvt5KNwAary3r/DADEcAtbW5HcdIaY4WwQ=
-github.com/tektoncd/pipeline v0.43.1/go.mod h1:KEnQsGxxeK7UjVMzVt62CEa7VZ6GUuMJfUHAaEpVP+E=
+github.com/tektoncd/pipeline v0.43.2 h1:4ia0gBE7YEcbclbI7yO4rwNH37IhxOhfI/cSs89qdm8=
+github.com/tektoncd/pipeline v0.43.2/go.mod h1:KEnQsGxxeK7UjVMzVt62CEa7VZ6GUuMJfUHAaEpVP+E=
 github.com/tektoncd/plumbing v0.0.0-20220817140952-3da8ce01aeeb/go.mod h1:uJBaI0AL/kjPThiMYZcWRujEz7D401v643d6s/21GAg=
 github.com/tektoncd/plumbing v0.0.0-20221102182345-5dbcfda657d7 h1:YsjQ83UBIIq4k/s2PzQ6pqe4tpPtm1hia3oyNBDDrDU=
 github.com/tektoncd/plumbing v0.0.0-20221102182345-5dbcfda657d7/go.mod h1:uJBaI0AL/kjPThiMYZcWRujEz7D401v643d6s/21GAg=
diff --git a/vendor/github.com/tektoncd/pipeline/pkg/apis/pipeline/v1beta1/pipelinerun_conversion.go b/vendor/github.com/tektoncd/pipeline/pkg/apis/pipeline/v1beta1/pipelinerun_conversion.go
index cd3226623..6b4331608 100644
--- a/vendor/github.com/tektoncd/pipeline/pkg/apis/pipeline/v1beta1/pipelinerun_conversion.go
+++ b/vendor/github.com/tektoncd/pipeline/pkg/apis/pipeline/v1beta1/pipelinerun_conversion.go
@@ -20,6 +20,7 @@ import (
 	"context"
 	"fmt"
 
+	"github.com/tektoncd/pipeline/pkg/apis/config"
 	v1 "github.com/tektoncd/pipeline/pkg/apis/pipeline/v1"
 	"github.com/tektoncd/pipeline/pkg/apis/version"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
@@ -54,7 +55,7 @@ func (pr *PipelineRun) ConvertTo(ctx context.Context, to apis.Convertible) error
 		if err := serializePipelineRunStatusRuns(&sink.ObjectMeta, &pr.Status); err != nil {
 			return err
 		}
-		if err := pr.Status.ConvertTo(ctx, &sink.Status); err != nil {
+		if err := pr.Status.convertTo(ctx, &sink.Status); err != nil {
 			return err
 		}
 		return pr.Spec.ConvertTo(ctx, &sink.Spec)
@@ -117,13 +118,15 @@ func (pr *PipelineRun) ConvertFrom(ctx context.Context, from apis.Convertible) e
 		if err := deserializePipelineRunResources(&pr.ObjectMeta, &pr.Spec); err != nil {
 			return err
 		}
-		if err := deserializePipelineRunStatusTaskRuns(&pr.ObjectMeta, &pr.Status); err != nil {
+		taskRuns, err := deserializePipelineRunStatusTaskRuns(&pr.ObjectMeta)
+		if err != nil {
 			return err
 		}
-		if err := deserializePipelineRunStatusRuns(&pr.ObjectMeta, &pr.Status); err != nil {
+		runs, err := deserializePipelineRunStatusRuns(&pr.ObjectMeta)
+		if err != nil {
 			return err
 		}
-		if err := pr.Status.ConvertFrom(ctx, &source.Status); err != nil {
+		if err := pr.Status.convertFrom(ctx, &source.Status, taskRuns, runs); err != nil {
 			return err
 		}
 		return pr.Spec.ConvertFrom(ctx, &source.Spec)
@@ -235,8 +238,7 @@ func (ptrs *PipelineTaskRunSpec) convertFrom(ctx context.Context, source v1.Pipe
 	ptrs.ComputeResources = source.ComputeResources
 }
 
-// ConvertTo implements apis.Convertible
-func (prs *PipelineRunStatus) ConvertTo(ctx context.Context, sink *v1.PipelineRunStatus) error {
+func (prs *PipelineRunStatus) convertTo(ctx context.Context, sink *v1.PipelineRunStatus) error {
 	sink.Status = prs.Status
 	sink.StartTime = prs.StartTime
 	sink.CompletionTime = prs.CompletionTime
@@ -271,6 +273,7 @@ func (prs *PipelineRunStatus) ConvertTo(ctx context.Context, sink *v1.PipelineRu
 		prs.Provenance.convertTo(ctx, &new)
 		sink.Provenance = &new
 	}
+
 	// If embedded-status is set to "both", both ChildReferences and TaskRuns/Runs
 	// will be populated. In this case, use the value from ChildReferences.
 	if sink.ChildReferences == nil {
@@ -284,8 +287,7 @@ func (prs *PipelineRunStatus) ConvertTo(ctx context.Context, sink *v1.PipelineRu
 	return nil
 }
 
-// ConvertFrom implements apis.Convertible
-func (prs *PipelineRunStatus) ConvertFrom(ctx context.Context, source *v1.PipelineRunStatus) error {
+func (prs *PipelineRunStatus) convertFrom(ctx context.Context, source *v1.PipelineRunStatus, taskRuns map[string]*PipelineRunTaskRunStatus, runs map[string]*PipelineRunRunStatus) error {
 	prs.Status = source.Status
 	prs.StartTime = source.StartTime
 	prs.CompletionTime = source.CompletionTime
@@ -309,12 +311,20 @@ func (prs *PipelineRunStatus) ConvertFrom(ctx context.Context, source *v1.Pipeli
 		new.convertFrom(ctx, st)
 		prs.SkippedTasks = append(prs.SkippedTasks, new)
 	}
-	prs.ChildReferences = nil
-	for _, cr := range source.ChildReferences {
-		new := ChildStatusReference{}
-		new.convertFrom(ctx, cr)
-		prs.ChildReferences = append(prs.ChildReferences, new)
+	embeddedStatus := config.FromContextOrDefaults(ctx).FeatureFlags.EmbeddedStatus
+	if embeddedStatus == config.BothEmbeddedStatus || embeddedStatus == config.MinimalEmbeddedStatus {
+		prs.ChildReferences = nil
+		for _, cr := range source.ChildReferences {
+			new := ChildStatusReference{}
+			new.convertFrom(ctx, cr)
+			prs.ChildReferences = append(prs.ChildReferences, new)
+		}
+	}
+	if embeddedStatus == config.BothEmbeddedStatus || embeddedStatus == config.FullEmbeddedStatus {
+		prs.TaskRuns = taskRuns
+		prs.Runs = runs
 	}
+
 	prs.FinallyStartTime = source.FinallyStartTime
 	if source.Provenance != nil {
 		new := Provenance{}
@@ -453,16 +463,13 @@ func serializePipelineRunStatusTaskRuns(meta *metav1.ObjectMeta, status *Pipelin
 	return version.SerializeToMetadata(meta, status.TaskRuns, taskRunsAnnotationKey)
 }
 
-func deserializePipelineRunStatusTaskRuns(meta *metav1.ObjectMeta, status *PipelineRunStatus) error {
+func deserializePipelineRunStatusTaskRuns(meta *metav1.ObjectMeta) (map[string]*PipelineRunTaskRunStatus, error) {
 	taskRuns := make(map[string]*PipelineRunTaskRunStatus)
 	err := version.DeserializeFromMetadata(meta, &taskRuns, taskRunsAnnotationKey)
 	if err != nil {
-		return err
+		return nil, err
 	}
-	if len(taskRuns) != 0 {
-		status.TaskRuns = taskRuns
-	}
-	return nil
+	return taskRuns, nil
 }
 
 func serializePipelineRunStatusRuns(meta *metav1.ObjectMeta, status *PipelineRunStatus) error {
@@ -472,14 +479,11 @@ func serializePipelineRunStatusRuns(meta *metav1.ObjectMeta, status *PipelineRun
 	return version.SerializeToMetadata(meta, status.Runs, runsAnnotationKey)
 }
 
-func deserializePipelineRunStatusRuns(meta *metav1.ObjectMeta, status *PipelineRunStatus) error {
+func deserializePipelineRunStatusRuns(meta *metav1.ObjectMeta) (map[string]*PipelineRunRunStatus, error) {
 	runs := make(map[string]*PipelineRunRunStatus)
 	err := version.DeserializeFromMetadata(meta, &runs, runsAnnotationKey)
 	if err != nil {
-		return err
-	}
-	if len(runs) != 0 {
-		status.Runs = runs
+		return nil, err
 	}
-	return nil
+	return runs, nil
 }
diff --git a/vendor/modules.txt b/vendor/modules.txt
index 834f26a55..4c72581fc 100644
--- a/vendor/modules.txt
+++ b/vendor/modules.txt
@@ -1401,7 +1401,7 @@ github.com/tektoncd/hub/api/v1/gen/http/catalog/client
 github.com/tektoncd/hub/api/v1/gen/http/resource/client
 github.com/tektoncd/hub/api/v1/gen/resource
 github.com/tektoncd/hub/api/v1/gen/resource/views
-# github.com/tektoncd/pipeline v0.43.1
+# github.com/tektoncd/pipeline v0.43.2
 ## explicit; go 1.18
 github.com/tektoncd/pipeline/pkg/apis/config
 github.com/tektoncd/pipeline/pkg/apis/config/resolver