Prudential Financial Sustainability Report Details Inclusive Economic Opportunity and Sustainable Growth
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:
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.
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.
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.
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.