PGIM Real Estate, a prominent division of PGIM, Inc., is headquartered in the United States and operates across major global markets, including North America, Europe, and Asia-Pacific. Founded in 1970, PGIM Real Estate has established itself as a leader in the real estate investment industry, focusing on core areas such as equity and debt investments, as well as real estate securities. With a diverse portfolio that spans various asset classes, PGIM Real Estate offers unique investment solutions tailored to meet the needs of institutional investors. The firm is recognised for its robust research capabilities and innovative strategies, which have contributed to its strong market position. Notable achievements include a significant track record of delivering consistent returns and a commitment to sustainable investing practices, setting PGIM Real Estate apart in a competitive landscape.
How does PGIM REAL ESTATE's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
PGIM REAL ESTATE's score of 32 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2021, PGIM Real Estate reported total emissions of approximately 567.1 million kg CO2e, comprising about 169.3 million kg CO2e from Scope 1 and about 397.8 million kg CO2e from Scope 2 emissions. The organisation has set an ambitious target to achieve net zero emissions by 2030, covering all scopes of emissions. This commitment reflects PGIM Real Estate's proactive approach to climate action, aiming to significantly reduce its carbon footprint in the near term. The emissions data is cascaded from its parent company, Prudential Financial, Inc., indicating a corporate family relationship that influences its sustainability initiatives. PGIM Real Estate's focus on reducing emissions aligns with industry standards and reflects a growing commitment to environmental responsibility within the real estate sector.
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 3,787,000 | 000,000,000 |
| Scope 2 | 65,745,000 | 000,000,000 |
| Scope 3 | - | - |
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
PGIM REAL ESTATE has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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