Global Environmental Commitment

Leading Life Ensure

Maintaining the strength of our business requires ongoing education around climate change and the use of natural resources. We must ensure the long-term value of both our operations and investments by acknowledging the risk of global climate change, meeting the challenges and opportunities that climate change presents for our business, and reducing our own environmental impacts. We believe that instilling the principle of environmental stewardship throughout our global businesses benefits our clients, employees, and shareholders – as well as future generations.

Global Environmental Commitment

Each individual business will be responsible for implementing our environmental commitment, with the support of the Environmental Task Force, Sustainability Council and Vice Chairman. The Corporate Governance and Business Ethics Committee of our Board of Directors will review this environmental commitment and its progress against goals annually.

Global environemnt commitment
Topic Operational Goals Investment Goals
Environmental Reporting
  • Increase robust reporting in annual sustainability report
  • Achieve and maintain Management-level CDP scores
  • Publish specific asset level reporting
  • Publish information and progress on General Account investment allocations
Responsible Use of Natural Resources
  • Net zero Scope 1 and Scope 2 GHG emissions by 2050 and carbon neutral by 2040 for company’s primary domestic and international home office operations1

    Interim Scope 1 and Scope 2 GHG emissions reduction targets:
    • 55% by 2030
    • 97% by 2040
  • Achieve 65% waste diversion by 2025
  • Continue internal initiatives to reduce paper use
  • Implement water efficiency measures
  • Develop both internal and public-facing ESG Policy
  • Invest in companies and projects that responsibly reduce emissions, water consumption, and/or waste generation
  • Allocate 10% of Impact Investing portfolio to companies and projects that promote sustainability and resiliency by 2025
  • Grant $25 million by 2025 to support response to climate-related natural disasters via Prudential Foundation
Resiliency Preparation
  • Continue strengthening our business continuation activities
  • Invest in long termism and businesses and projects that support resiliency
Education and Engagement
  • Create robust employee engagement opportunities to creatively and consistently communicate the importance of environmental sustainability
  • Commit to engaging 100% of our top vendors to support progress toward the Global Environmental Commitment
  • Invite 100% of our top vendors to report on climate change KPIs by 2022
  • Expand our public policy engagement to support topics aligned with the Global Environmental Commitment
  • Become a go-to provider for thought leadership on sustainable investing strategies
  • Invest or grant dollars to companies and organizations that change public perception toward a more environmentally responsible society
1Home office operations include owned and leased office space, data centers and garages in the U.S., Japan, and Brazil

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