PGIM REAL ESTATE
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
PGIM REAL ESTATE's score of 26 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PGIM REAL ESTATE's reported carbon emissions
In 2021, PGIM Real Estate reported total greenhouse gas emissions of approximately 841,713,000 kg CO2e, which included 169,290,000 kg CO2e from Scope 1 and 397,775,000 kg CO2e from Scope 2 emissions. The company has set an ambitious target to achieve net zero emissions by 2030, starting from 2023, encompassing all scopes of emissions. This commitment reflects PGIM Real Estate's proactive approach to climate action and sustainability. The emissions data is cascaded from its parent company, Prudential Financial, Inc., indicating a corporate family relationship that influences its environmental strategies. PGIM Real Estate Finance, LLC, serves as the source organization for performance metrics, ensuring alignment with broader corporate sustainability goals. While specific emissions data for 2022 is not disclosed, the previous year's figures highlight the significant carbon footprint associated with its operations. PGIM Real Estate's commitment to reducing emissions aligns with industry standards and reflects a growing trend among real estate firms to prioritise sustainability in their business practices.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 3,787,000 | 000,000,000 |
| Scope 2 | 65,745,000 | 000,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
PGIM REAL ESTATE is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
