Prudential Financial Inc
Prudential Financial's GHG Emissions Data Preview
In 2023, Prudential Financial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Prudential Financial has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Prudential Financial's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Prudential Financial amounted to 39,012 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Prudential Financial decreased by 9.43%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Prudential Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Prudential Financial's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Prudential Financial were 12,776 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Prudential Financial reduced its Scope 1 emissions over time?
Since 2018, Prudential Financial's Scope 1 emissions have decreased by 39.11%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Prudential Financial's Scope 1 emissions decreased by 4.28%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Prudential Financial's Scope 2 emissions?
In 2023, Prudential Financial reported Scope 2 greenhouse gas (GHG) emissions of 16,884 tCOâ‚‚e using the market-based method and 26,236 tCOâ‚‚e using the location-based method.
Has Prudential Financial reduced its Scope 2 emissions over time?
Since 2018, Prudential Financial's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 49.84%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Prudential Financial's Scope 2 emissions (Location-Based) fell by 11.75% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.
What methodology does Prudential Financial use for Scope 2 reporting?
In 2023, Prudential Financial reported its Scope 2 emissions using the market-based method and using the location-based method.
Prudential Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Prudential Financial's Value Chain Emissions
In 2023, Prudential Financial reported 410,100 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Prudential Financial includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Prudential Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Prudential Financial's Scope 3 emissions?
In 2023, Prudential Financial reported total Scope 3 emissions of 410,100 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Prudential Financial reduced its Scope 3 emissions over time?
Since 2018, Prudential Financial's Scope 3 emissions have increased by 1,176.93%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Prudential Financial's Scope 3 emissions increased by 15.95%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Prudential Financial disclose?
In 2023, Prudential Financial reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Prudential Financial's Scope 3 emissions?
In 2023, the largest contributors to Prudential Financial's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 306,056 tCOâ‚‚e (74.63%)
- Business Travel (Cat. 6): 64,925 tCOâ‚‚e (15.83%)
- Employee Commuting (Cat. 7): 27,880 tCOâ‚‚e (6.8%)
Prudential Financial's Scope 3 Emissions by Categories
Insights into Prudential Financial's Total Carbon Footprint
In 2023, Prudential Financial reported a total carbon footprint of 449,112 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.19% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Prudential Financial's total carbon footprint was Scope 3 emissions, accounting for 91.31% of the company's total carbon footprint, followed by Scope 2 emissions at 5.84%.