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Prudential Financial Sustainability Report Details Inclusive Economic Opportunity and Sustainable Growth

Published 07-07-20

Issued by Prudential Financial, Inc.

Summary

Prudential’s 2019 Sustainability Report identifies on-going actions to support the urgent issues facing our country and our world including the climate crisis, the devastating health and economic effects of the COVID-19 pandemic and securing a future in which racism and unequal treatment play no part.

Report Highlights

July 7, 2020 - Prudential’s 2019 Sustainability Report identifies on-going actions to support the urgent issues facing our country and our world including the climate crisis, the devastating health and economic effects of the COVID-19 pandemic and securing a future in which racism and unequal treatment play no part.

Sustainability is at the core of everything Prudential does. As a company built on and driven by purpose, it is important more now than ever, that Prudential use its full breadth of business capabilities to promote inclusive economic opportunity and sustainable growth.

Highlights from the report, organized by the five capitals of sustainability, include:

Corporate Governance

Prudential introduced a multi-stakeholder framework that codified the Board’s accountability to shareholders, employees, customers and society.

Business Model and Innovation

Prudential acquired Assurance IQ, Inc., a leading consumer solutions platform for health and financial wellness needs, to accelerate the strategy and growth potential of Prudential’s business, bringing the company closer to more people across the entire socio-economic spectrum.

Human Capital

Dedicated to developing the talent of the future, Prudential committed $130 million global investment through 2025 to provide young people with the training and tools to access the job market and get on a path to financial security.

Social Capital

Delivering on a promise, Prudential’s Impact and Responsible Investing team reached its goal to grow and manage an impact portfolio of $1 billion in assets under management.

Environment

To support the Company’s refreshed Global Environmental Commitment, Prudential and PGIM purchased high-quality environmental instruments to offset carbon emissions for U.S. employees’ business travel.

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Prudential Financial, Inc.

Prudential Financial, Inc.

Prudential Financial companies, with approximately $568 billion in total assets under management as of June 30, 2006, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States. These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement-related services and administration, asset management, banking and trust services, real estate brokerage franchises, relocation services and, through a joint venture, retail securities brokerage services.

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