Global Environmental Commitment

Global environemnt commitment

COMMITMENT

2022 PROGRESS HIGHLIGHTS

Environmental Reporting

Providing transparency and data on progress toward our sustainability goals and impacts.
  • Published our 12th Sustainability Report and updated our TCFD Report.
  • Received a “B” CDP Climate Change Score, our 13th annual submission, benchmarking above the averages for companies in the financial services industry, North America, and globally.
  • Continued to report on the General Account ESG Framework:
    • 84% of assets in the General Account were ESG identifiable and grew sustainable investments to $37.5 billion. For more information see the “Investing Responsibly” section of our 2022 Sustainability Report.

Responsible Use of Natural Resources

Committing to emissions reductions, minimizing our environmental footprint, and investing sustainably.
  • Reached our 2030 emissions reduction goal by achieving a 55.5% decrease in Scope 1 & 2 emissions since our 2017 baseline year for the facilities in our net zero target. We are 57.2% toward our 2040 goal of achieving a 97% Scope 1 & 2 emissions reduction from these facilities since 2017.
  • 1 billion sheets of paper saved as part of our Zero Paper initiative.
  • 25,000 trees planted as part of our 12-year partnership with American Forests, with 900,000+ trees planted since the partnership began.
  • 55% waste diversion rate for our offices in the United States, Brazil and Japan.
  • $39.7 million of Impact & Responsible Investing investments in companies and projects promoting sustainability and resiliency.
  • $13 million in Prudential Foundation grants since 2019 to support relief and recovery from climate-related natural disasters.

Resiliency Preparation

Preparing our operations for resiliency amid a changing climate and strengthening our business continuation activities.
  • Continued planning for HVAC redesigns that decrease emissions in two Newark, New Jersey-based Prudential office properties, with work planned to begin in 2023.
  • Installed flood barriers at a low-lying Newark, New Jersey–based Prudential property.
  • Moved critical system infrastructure to mitigate potential flood damage.

Engagement & Education

Engaging our supply chain, employees, and government partners toward a more environmentally responsible future.
  • Achieved a “B” Supplier Engagement Rating from CDP, benchmarking above the averages for companies in the financial services industry, North America, and globally.
  • Participated in a U.S. Department of the Treasury and Office of the U.S. Special Presidential Envoy for Climate (SPEC) industry forum on the role of insurers in the transition to a low-carbon economy.
  • Participated in bipartisan industry think tank dialogues to advocate for ESG education for policymakers and development of proposals that garner bipartisan support.
  • Prudential contributed to the Geneva Association white paper: “Anchoring Climate Change Risk Assessment in Core Business Decisions in Insurance.”
Data shown are for the facilities included in Prudential’s net zero target, encompassing a set of home office properties, data centers, and garages in the United States, Japan, and Brazil chosen based on a combination of factors such as direct facility management oversight, significant square footage, and headcount. The emissions reported are not inclusive of Prudential Financial's total operations and we have not calculated whether the subset of facilities on which we report is a material portion of Prudential’s total operations. For more information, please see our 2022 Sustainability Report.