PGIM REAL ESTATE Sustainability Profile
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 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.
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PGIM REAL ESTATE's reported carbon emissions
In 2021, PGIM Real Estate reported total carbon 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, with this commitment covering all scopes of emissions. This target was established in 2021 and is part of their broader sustainability strategy. The emissions data for 2022 is currently unavailable, but PGIM Real Estate's commitment to reducing its carbon footprint is evident through its initiatives and targets. The emissions data is cascaded from PGIM Real Estate Finance, LLC, a current subsidiary of Prudential Financial, Inc., which also contributes to the overall climate strategy. PGIM Real Estate's focus on sustainability aligns with industry standards, and their commitment to achieving net-zero emissions reflects a proactive approach to addressing climate change.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 3,787,000 | 000,000,000 |
| Scope 2 | 65,745,000 | 000,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is PGIM REAL ESTATE's Industry?
How Carbon Intensive is PGIM REAL ESTATE's Location?
PGIM REAL ESTATE's Climate Goals (2030 & 2050)
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.
