Environment

Environmental Stewardship

Prudential businesses in the U.S. and abroad are focusing on a broad range of activities that contribute to the protection of the environment.

In its continued efforts to ensure the quality and accuracy of its GHG emissions data, Prudential once again engaged a third-party verifier (Lloyd’s Register Quality Assurance) to review and provide limited assurance of its 2020 Scope 1, Scope 2 and Scope 3 Business Travel GHG emissions.

Global Emissions Data

Environment Domestic Emissions Data
Description 2020 2019 2018
Portfolio Square Footage 8,319,649 8,302,095 8,302,095
GHG Emissions
Scope 1 (MT CO2e)
12,953 17,247 9,077
GHG Emissions
Scope 2 (MT CO2e)*
43,824 54,652 58,221
GHG Emissions
Scope 3 (MT CO2e)
4,541 29,598 13,375
Energy Consumed
Stationary Combustion (MMBTU)
159,531 154,228 181,666
Energy Consumed
Purchased Electricity (kWh)
117,712,018 139,992,142 146,039,158

Notes

* Scope 2 location-based emissions are reported above for comparison with historical year.

Special Note for 2020:
With the onset of the COVID-19 pandemic  and mandatory lockdowns from mid-March 2020, like other businesses globally, Prudential Financial’s staff worked remotely for most of the year (approximately 9 months). Energy use from remote working consequently shifted (i.e., decreasing) GHG emissions from Scopes 1 and 2 (within Prudential’s operationally controlled Home Office properties) into Scope 3 (individual homes of its employees which are not under Prudential’s control). While compared with previous years, there was a significant decrease in energy consumed and related Scope 1 and 2 emissions from Prudential’s operations globally, there was still the need to light and heat/cool office buildings for those required to be onsite.

Performance Highlights:

  • 2016 was the first year that international sites were incorporated into Prudential’s GHG Inventory and was selected as the new base year.

  • The company’s Scope 1 and 2 GHG emissions (i.e., energy used in buildings) decreased by 21%.

  • In 2019, Scope 1 emissions from diesel used in emergency generators at US buildings, corporate aircrafts, leased vehicles for executive transport, employee shuttles and building refrigerants were quantified and added to the inventory.

  • The company’s total GHG emissions Scope 1, 2 and 3 (Scope 3 includes emissions from business travel and from fuel- and energy-related activities not included in Scopes 1 and 2) decrease by 38%.

  • Compared with 2019, the company decreased its Scope 3 emissions from business travel by 85%.

Domestic Emissions Data
Normalization by Floor Area 2020 2019 2018
Scope 1-2 0.0068244 0.0086604 0.0081061
Scope 1-3 0.0073703 0.0122255 0.0097172
FERA – Scope 3 (MT CO2e) 12,948 18,723 18,628
Business Travel + FERA (MT CO2e) 17,489 48,321 32,003

Notes:

Changes in square footage among 2020 and historical years may be attributed to the following: integrating select international locations (home offices and data centers) that are owned or operationally controlled; the dynamic nature of office space used among the POJ, PGFL and GIB businesses in Japan; and following year-on year changes between 2019 and 2020:

  • 10% increase in Japan’s office building floor space with addition of Sanno Park Tower and expansion of PGFL in the Eight One Building
  • 30% increase in floor space with the expansion of Prudential do Brasil Vida em Grupo’s offices in São Paulo

Recycling, Waste and Water

Domestic Recycling Waste and Water
Description 2020 2019 2018
Recycling1 (tons) 4,289 1,437 1,328
Waste2 (tons) 656 2,009 1,235
Water Usage3 (gallons) 43,623,771 106,594,822 68,721,734

Notes:

1 Recycling increased by 199% from 2019

2 Non-recycled waste generated decreased by 67% from 2019.

3 International & Domestic water usage decreased by 59% from 2019.

Actual data for 2020 was not available for Prudential of Korea, so conservative estimates for waste and water usage were developed using actual 2019 data and prorated for the period Jan-Aug. 2020