Commercial, Energy Efficiency, GHG Emissions - July 20, 2023
Prudential Financial's Emissions Fall by 55.5%
Prudential Financial reached its 2030 emissions reduction goal by achieving a 55.5% decrease in Scope 1 and 2 emissions since its 2017 baseline year for the facilities in its net zero target.
The financial services company also focused on long-term performance with $37.5 billion of sustainable investments held by the company’s General Account that promote sustainability and achieve market returns to support policyholder obligations.
Details were provided in its annual sustainability report.
“In 2022, we articulated a new long-term vision — to be a global leader in expanding access to investing, insurance, and retirement security,” said Charles Lowrey, chairman and CEO of Prudential in a statement. “As we advance our strategy to achieve that vision, sustainability remains an integral part of our efforts.”
The report complements Prudential’s standalone 2022 Task Force on Climate-related Financial Disclosures (TCFD) report.