Prudential plc, a leading international financial services group, is headquartered in Hong Kong and operates extensively across Asia, the UK, and the US. Founded in 1848, Prudential has established itself as a key player in the insurance and investment sectors, offering a diverse range of products including life insurance, asset management, and retirement solutions. With a strong focus on customer-centric innovation, Prudential distinguishes itself through its comprehensive financial planning services and robust investment strategies. The company has achieved significant milestones, including a notable presence in emerging markets, positioning itself as a trusted provider in the industry. Recognised for its commitment to sustainability and financial inclusion, Prudential plc continues to enhance its market position while adapting to the evolving needs of its clients.
How does Prudential plc'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 Insurance 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.
Prudential plc's score of 36 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Prudential plc reported total carbon emissions of approximately 3,600,000,000 kg CO2e across all scopes. This includes about 2,108,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and approximately 12,318,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 3,600,000,000 kg CO2e, fall under Scope 3, primarily from investments. Comparatively, in 2022, Prudential's total emissions were around 3,100,000,000 kg CO2e, with Scope 1 emissions at about 1,645,000 kg CO2e and Scope 2 emissions at approximately 16,938,000 kg CO2e. This indicates a significant increase in emissions in 2023, particularly in Scope 3, which reflects the company's extensive investment portfolio. Prudential has not disclosed specific reduction targets or initiatives as part of their climate commitments, nor have they set Science-Based Targets Initiative (SBTi) reduction targets. This lack of defined goals suggests a need for further clarity on their long-term climate strategy and emissions reduction plans.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | |
---|---|---|---|
Scope 1 | 1,481,000 | 0,000,000 | 0,000,000 |
Scope 2 | 19,986,000 | 00,000,000 | 00,000,000 |
Scope 3 | 4,700,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Prudential plc 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.