Prudential Financial sustainability report details inclusive economic opportunity and sustainable growth
June 25 2020 - 8:45AM
Business Wire
Prudential Financial, Inc. (NYSE: PRU) released its 2019
sustainability report, organized by the company’s five capitals of
sustainability: corporate governance, business model and
innovation, human capital, social capital and environment.
The report identifies Prudential’s ongoing 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,”
said Margaret “Peggy” Foran, chief governance officer and corporate
secretary for Prudential Financial. “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.”
The report covers Jan. 1 to Dec. 31, 2019. 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 socioeconomic spectrum.
Human Capital
Dedicated to developing the talent of the future, Prudential
committed a $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 their U.S.
employees’ business travel.
Prudential’s 2019 Sustainability Report was prepared in
accordance with the Global Reporting Initiative Standards Core
option, in support of the Task Force on Climate-related Financial
Disclosures (TCFD) and in accordance with the Sustainability
Accounting Standards Board’s provisional guidelines for insurance
companies.
Visit prudentialesg.com to view Prudential Financial’s 2019
Sustainability Report.
About Prudential Financial
Prudential Financial, Inc. (NYSE: PRU), a financial wellness
leader and premier active global investment manager with more than
$1 trillion in assets under management as of March 31, 2020, has
operations in the United States, Asia, Europe, and Latin America.
Prudential’s diverse and talented employees help to make lives
better by creating financial opportunity for more people.
Prudential’s iconic Rock symbol has stood for strength, stability,
expertise and innovation for more than a century. For more
information, please visit news.prudential.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200625005459/en/
MEDIA CONTACT: Julie Laskin, (973) 802-3975,
julie.laskin@prudential.com
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