Prudential Financial

Prudential Financial's reported carbon emissions

Prudential Financial, headquartered in GB and operating within insurance and pension funding services, demonstrates a commitment to reducing its carbon footprint across its global operations. For 2024, Prudential reported total absolute emissions of approximately 288.4 million kg CO2e. This breaks down into approximately 13.6 million kg CO2e for Scope 1, approximately 9.3 million kg CO2e for Scope 2 (market-based), and approximately 255.5 million kg CO2e for Scope 3. The largest contributor to Scope 3 emissions in 2024 was purchased goods and services, amounting to approximately 160.4 million kg CO2e. In 2023, the company's total absolute emissions were approximately 432.9 million kg CO2e, comprising approximately 12.8 million kg CO2e for Scope 1, approximately 16.9 million kg CO2e for Scope 2 (market-based), and a significant 410.1 million kg CO2e for Scope 3. Purchased goods and services also dominated Scope 3 emissions, totalling approximately 306.1 million kg CO2e. Prudential has established ambitious climate targets. The company aims for net zero environmental performance emissions across its primary domestic and international home office operations by 2050. Interim targets include a 55% reduction in Scope 1 and 2 greenhouse gas emissions by 2030, and a 97% reduction by 2040, both from a 2017 baseline year. Furthermore, Prudential aims to achieve carbon neutrality for a subset of its facilities by 2040. The company reported a 69% decrease in Scope 1 and 2 emissions from its target facilities by 2023, exceeding its 2030 goal of 55%. They also achieved a 30% reduction in Scope 1 and 2 emissions from these facilities between 2022 and 2023. Prudential is currently 71% towards its 2040 goal of achieving a 97% Scope 1 and 2 emissions reduction from these facilities since 2017.