Prudential Financial Inc

Common Name
Prudential Financial
Country
United States
Sector
Financial Services
Industry
Insurance - Life
Employees
37,936
Ticker
PRU
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Prudential Financial, Inc. is a leading American financial services company primarily engaged in providing life insurance, annuities, retirement-related services, and investment management. Founded in...

Prudential Financial's GHG Emissions Data Preview

In 2024, 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)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Prudential Financial’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Prudential Financial’s data sources below and access millions more through our Disclosure Search.

a. Prudential Financial's Sustainability Report 2024
a. Prudential Financial's Sustainability Report 2024
b. Prudential Financial's Sustainability Report 2023
b. Prudential Financial's Sustainability Report 2023

Insights into Prudential Financial's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Prudential Financial amounted to 33,608 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). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Prudential Financial decreased by 13.85%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Prudential Financial's Scope 1 Emissions Over Time

201820192020202120222023202405.5 k11 k16.5 k22 ktCO2e-28%-33%+9%+21%-4%+7%
  • Total Scope 1
  • Year-over-Year Change

What are Prudential Financial's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Prudential Financial were 13,609 metric tons of CO₂ equivalent (tCO₂e). a

Has Prudential Financial reduced its Scope 1 emissions over time?

Since 2018, Prudential Financial's Scope 1 emissions have decreased by 35.14%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Prudential Financial's Scope 1 emissions increased by 6.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Prudential Financial's Scope 2 emissions?

In 2024, Prudential Financial reported Scope 2 greenhouse gas (GHG) emissions of 9,307 tCO₂e using the market-based method and 19,999 tCO₂e using the location-based method. a

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 61.77%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Prudential Financial's Scope 2 emissions (Location-Based) fell by 23.77% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Prudential Financial use for Scope 2 reporting?

In 2024, Prudential Financial reported its Scope 2 emissions using the market-based method and using the location-based method. a

Prudential Financial's Scope 2 Emissions Over Time

2018201920202021202220232024020 k40 k60 k80 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Prudential Financial's Value Chain Emissions

In 2024, Prudential Financial reported 255,541 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Prudential Financial's Scope 3 Emissions Over Time

20182019202020212022202320240150 k300 k450 k600 ktCO2e+924%-11%+27%-5%+16%-38%
  • Total Scope 3
  • Year-over-Year Change

What are Prudential Financial's Scope 3 emissions?

In 2024, Prudential Financial reported total Scope 3 emissions of 255,541 metric tons of CO₂ equivalent (tCO₂e). a

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. a

Has Prudential Financial reduced its Scope 3 emissions over time?

Since 2018, Prudential Financial's Scope 3 emissions have increased by 695.68%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), Prudential Financial's Scope 3 emissions decreased by 37.69%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Prudential Financial disclose?

In 2024, Prudential Financial reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

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 2024, the largest contributors to Prudential Financial's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 160,391 tCO₂e (62.77%)
  • Business Travel (Cat. 6): 56,089 tCO₂e (21.95%)
  • Employee Commuting (Cat. 7): 31,685 tCO₂e (12.4%)

Prudential Financial's Scope 3 Emissions by Categories

Employee Commuting(Cat. 7)(12.4%)Purchased Goods andServices (Cat. 1)(62.8%)Business Travel(Cat. 6)(21.9%)

Insights into Prudential Financial’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Prudential Financial reported Scope 1 greenhouse gas (GHG) emissions of 13,609 tCO₂e and total revenues of USD 70,659 millions. This translates into an emissions intensity of 0.19 tCO₂e per millions USD. a

Prudential Financial's Scope 1 Emissions Intensity Compared to Peers

1001,0005,00050,000500,000Scope 1 Emissions (tCO2e)1001,00010,00050,000500,000Revenues (Millions of USD)BBank of New York MellonYear: 2024Scope 1: 8,291 tCO2eRevenue: $M 18,258Scope 1 Intensity: 0.45 tCO2e/$MPrimericaYear: 2023Scope 1: 588 tCO2eRevenue: $M 2,816Scope 1 Intensity: 0.21 tCO2e/$MMarsh & McLennan CompaniesYear: 2024Scope 1: 18,865 tCO2eRevenue: $M 24,459Scope 1 Intensity: 0.77 tCO2e/$MUnum GroupYear: 2023Scope 1: 5,823 tCO2eRevenue: $M 12,308Scope 1 Intensity: 0.47 tCO2e/$MCharles SchwabYear: 2022Scope 1: 8,409 tCO2eRevenue: $M 20,763Scope 1 Intensity: 0.41 tCO2e/$MUS BancorpYear: 2022Scope 1: 38,206 tCO2eRevenue: $M 24,184Scope 1 Intensity: 1.58 tCO2e/$MCNO Financial GroupYear: 2024Scope 1: 1,255 tCO2eRevenue: $M 4,446Scope 1 Intensity: 0.28 tCO2e/$MApollo Global ManagementYear: 2024Scope 1: 1,231 tCO2eRevenue: $M 26,136Scope 1 Intensity: 0.05 tCO2e/$MArthur J. Gallagher & Co.Year: 2023Scope 1: 2,312 tCO2eRevenue: $M 10,074Scope 1 Intensity: 0.23 tCO2e/$MJPMorgan Chase & CoYear: 2023Scope 1: 115,294 tCO2eRevenue: $M 154,944Scope 1 Intensity: 0.74 tCO2e/$MIntercontinental ExchangeYear: 2024Scope 1: 5,212 tCO2eRevenue: $M 11,760Scope 1 Intensity: 0.44 tCO2e/$MWells Fargo & CoYear: 2023Scope 1: 82,410 tCO2eRevenue: $M 82,600Scope 1 Intensity: 1.00 tCO2e/$MCitigroupYear: 2023Scope 1: 46,582 tCO2eRevenue: $M 78,487Scope 1 Intensity: 0.59 tCO2e/$MGlobe LifeYear: 2024Scope 1: 1,459 tCO2eRevenue: $M 5,778Scope 1 Intensity: 0.25 tCO2e/$MBBBank of AmericaYear: 2023Scope 1: 68,050 tCO2eRevenue: $M 98,580Scope 1 Intensity: 0.69 tCO2e/$MJackson FinancialYear: 2024Scope 1: 3,835 tCO2eRevenue: $M 3,092Scope 1 Intensity: 1.24 tCO2e/$MGenworth FinancialYear: 2023Scope 1: 659 tCO2eRevenue: $M 7,371Scope 1 Intensity: 0.09 tCO2e/$MMetLifeYear: 2024Scope 1: 10,611 tCO2eRevenue: $M 69,901Scope 1 Intensity: 0.15 tCO2e/$MStoneX GroupYear: 2023Scope 1: 773 tCO2eRevenue: $M 60,875Scope 1 Intensity: 0.01 tCO2e/$MAflacYear: 2024Scope 1: 2,850 tCO2eRevenue: $M 19,128Scope 1 Intensity: 0.15 tCO2e/$MLincoln NationalYear: 2024Scope 1: 2,137 tCO2eRevenue: $M 17,988Scope 1 Intensity: 0.12 tCO2e/$MBROOKFIELD ASSET MANAGEMENTYear: 2024Scope 1: 322 tCO2eRevenue: $M 482Scope 1 Intensity: 0.67 tCO2e/$MProgressiveYear: 2023Scope 1: 31,662 tCO2eRevenue: $M 62,082Scope 1 Intensity: 0.51 tCO2e/$MPrudential FinancialYear: 2024Scope 1: 13,609 tCO2eRevenue: $M 70,659Scope 1 Intensity: 0.19 tCO2e/$M

How does Prudential Financial's GHG emissions intensity compare to its peers?

In 2024, Prudential Financial reported a Scope 1 emissions intensity of 0.19 tCO₂e per millions USD. Compared to the peer group median of 0.44 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Prudential Financial rank on GHG emissions intensity within its industry?

In 2024, Prudential Financial ranked 7 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Prudential Financial is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Prudential Financial's Total Carbon Footprint

In 2024, Prudential Financial reported a total carbon footprint of 289,149 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 35.62% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Prudential Financial's total carbon footprint was Scope 3 emissions, accounting for 88.38% of the company's total carbon footprint, followed by Scope 2 emissions at 6.92%. a

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