Prudential Sustainability Report Focused on Financial Wellness, Diversity and Responsible Impact

Originally Published by Prudential.

Prudential Financial, Inc. released its 2017 sustainability report, detailing how the company supports its four building blocks of long-term vitality: customer focus, responsible impact, talent focus and financial strength.


“At Prudential, our business is focused on providing opportunities to achieve financial security, because when individuals are financially well, positive effects are experienced everywhere—across communities and society,” said Margaret “Peggy” Foran, chief governance officer and corporate secretary for Prudential Financial. “Our sustainability efforts, which are foundational to Prudential’s business strategy, enable the company to continue with our mission of promoting financial wellness and deliver on our promises for generations to come.”

The report, Committed to Financial Wellness, covers Jan. 1 to Dec. 31, 2017. Highlights from the annual report include:

Customer Focus

  • To better serve its customers, Prudential unveiled and implemented a comprehensive strategy for its U.S. businesses to enhance the delivery of financial wellness solutions.
  • Prudential’s Customer Office partnered with various business units to develop and launch a digital financial wellness platform. This platform enhances the Prudential Pathways program, which provides financial education in the workplace to the employees of Prudential’s group and retirement corporate clients.

Responsible Impact

  • Prudential increased renewable energy investments by more than 13 percent to $4.3 billion, and managed 26.7 million square feet of LEED-certified U.S. real estate totaling $13.9 billion, as of Dec. 31, 2017.
  • Prudential’s emerging managers program placed $1.1 billion in assets with women- and minority-owned firms as of Dec. 31, 2017.
  • Prudential made $250 million in new commitments within its impact investments portfolio in 2017. As of year-end, Prudential has $715 million in assets under management in its impact investments portfolio, which is on pace toward reaching its $1 billion goal by 2020.

Talent Focus

  • Prudential’s Chairman and CEO John Strangfeld has signed two global external pledges—The CEO Action for Diversity and Inclusion pledge and The Catalyst CEO Champions for Change commitment—joining forces with other large companies to advance diversity and inclusion efforts globally.
  • Prudential enhanced its paid parental leave policy, increasing fully paid leave from four weeks to 10 weeks for birth mothers, fathers and adoptive parents.

Financial Strength

  • The company’s annual financial results are achieved through the quality of its business mix, managing risk appropriately and deploying capital efficiently. In 2017, Prudential generated earnings per share (EPS) of $10.58 on an adjusted operating income basis, contributing to EPS growth of 11 percent annually over the past five years.
  • Prudential’s domestic insurance company subsidiaries have financial strength ratings of “A” and above as determined by the major independent ratings agencies, as of May 2, 2018.

Prudential’s 2017 Sustainability Report was prepared in accordance with the Global Reporting Initiative Standards Core option, aligned with the International Integrated Reporting Coalition’s framework and refers to the Sustainability Accounting Standards Board’s provisional guidelines for insurance companies.

Visit prudential.com/sustainability to view Prudential Financial’s 2017 Sustainability Report.

Latest News

Student distressed

25 Percent of American Students Lack Resources for Remote Learning; Is the Death Penalty Inherently Racist?; and More

Digital divide for rural students and students of color continues to worsen. A staggering 25% of all school-aged children in the U.S. live in households without reliable Wi-Fi and consistent broadband internet service or access to web-enabled devices such as a computer or tablet, according to data from the National…

Cox Business and Henderson, Nevada Launch Energy Efficient Smart Lighting Project

Originally published on Cox.com Cox2M IoT Business Line of Cox Communications will Pilot New Lighting Controls The City of Henderson and Cox Communications have successfully deployed the first stage of their smart community collaboration, starting with energy efficient lighting management and controls. Cox2M, the IoT business line of Cox Communications, and the…

Diverse hads unite

More Work Needed For Corporate Diversity Programs; Fourteen Disability Groups Unite to Promote Voting; and More

Corporate diversity efforts still have a long way to go, new report finds. In a report conducted by the research firm Clutch, nearly half of employees surveyed said their company isn’t committed to creating a more diverse workplace and hasn’t successfully improved diversity within the last year. Researchers with Clutch…

San Francisco's Golden Gate Bridge

San Francisco Declares War on Racism; People 55 and Older Face Historic Levels of Unemployment; and More.

San Francisco begins a citywide war on racism and discrimination. Known as the birthplace of the “Summer of Love” and the counterculture movement of the 1960s, San Francisco has long stood as a bastion of individuality and inclusion. And now the city is continuing that fight with the launch of…

portrait of Abraham Lincoln

Was Abraham Lincoln a Racist?

Former Vice President Joe Biden’s mention of Abraham Lincoln’s name during the third presidential debate on Thursday, Oct. 22, was one of the most memorable exchanges in the final presidential debate of 2020. It also caused Lincoln to become a trending topic over much of social media in the hours…