Prudential Financial

Prudential Financial, headquartered in GB and operating in the Insurance and pension funding services sector, reported approximately 278.4 million kg CO2e in total emissions for 2024. This figure includes:

• Scope 1 Emissions: Approximately 13.6 million kg CO2e.
• Market-based Scope 2 Emissions: Approximately 9.3 million kg CO2e.
• Scope 3 Emissions: Approximately 255.5 million kg CO2e. Key contributors to Scope 3 include purchased goods and services (160.4 million kg CO2e), business travel (56.1 million kg CO2e), and employee commute (31.7 million kg CO2e).

Looking back, Prudential Financial's total emissions in 2023 were approximately 439.8 million kg CO2e, and in 2022 they were about 386.3 million kg CO2e.

Climate Commitments and Targets:

Prudential Financial has set several ambitious climate targets:

• Near-term Reduction (Scope 1 & 2): The company aims for a 55% absolute reduction in Scope 1 and 2 emissions by 2030, using a 2017 baseline year. They have exceeded this goal, achieving a 69% decrease in Scope 1 & 2 emissions since 2017 for facilities included in their emissions reduction target.
• Interim Reduction (Scope 1 & 2): Prudential also has interim targets to reduce GHG emissions by 97% by 2040 from their 2017 baseline year.
• Net-Zero Target: The company is committed to achieving net-zero environmental performance emissions across its primary domestic and international home office operations by 2050, specifically for Scope 1 and 2. They are also working towards carbon neutrality for these facilities by 2040.
• Recent Progress: Between 2022 and 2023, Prudential reduced its Scope 1 & 2 emissions from targeted facilities by 30%. In 2024, they further reduced operational emissions by 76% since their 2017 baseline year for targeted facilities.
• Broader Net-Zero Ambition: Prudential has committed to reducing its greenhouse gas emissions by 40% by 2030 and reaching net-zero by 2060 for all scopes.