Prudential Financial Unveils New Sustainability Goals
December 04 2019 - 5:41PM
Dow Jones News
By Stephen Nakrosis
Prudential Financial, Inc. (PRU) on Wednesday unveiled new
sustainability goals to reduce the company's impact on the
environment.
Prudential said the initiatives include a 65% reduction of
domestic emissions by 2050, improved recycling and composting
measures, and the allocation of 10% of its impact investing
portfolio to sustainable investments by 2025.
"The full set of goals include operational targets to reduce the
direct impact of Prudential's business activities around the world,
as well as investment targets which will enable Prudential to
achieve sustainable and environmentally responsible returns for
investors," the company said.
Prudential also said each of its businesses will be responsible
for implementing the new policies and the board's Corporate
Governance and Business Ethics Committee will review progress on an
annual basis.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 04, 2019 17:26 ET (22:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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