Prudential Financial

Prudential Financial's reported carbon emissions

Prudential Financial, a company in the insurance and pension funding services sector (excluding compulsory social security), based in the UK (GB), has reported its carbon emissions for several years. For 2024, the company reported a total of approximately 278.7 million kg CO2e. This figure comprises Scope 1 emissions of about 13.6 million kg CO2e, Scope 2 market-based emissions of roughly 9.3 million kg CO2e, and Scope 3 emissions amounting to approximately 255.5 million kg CO2e. In 2023, Prudential Financial's total emissions were approximately 439.8 million kg CO2e, with Scope 1 emissions at about 12.8 million kg CO2e, Scope 2 market-based emissions at roughly 16.9 million kg CO2e, and Scope 3 emissions at approximately 410.1 million kg CO2e. Looking at earlier years, total emissions in 2022 were approximately 55.4 million kg CO2e (market-based Scope 1 and 2 combined), with Scope 1 at about 13.3 million kg CO2e and Scope 2 market-based at around 29.2 million kg CO2e, and Scope 3 at roughly 353.7 million kg CO2e. In 2021, total emissions were approximately 46.4 million kg CO2e (market-based Scope 1 and 2 combined), with Scope 1 at about 11.1 million kg CO2e and Scope 2 market-based at roughly 35.3 million kg CO2e, and Scope 3 at approximately 0.7 million kg CO2e. For 2020, total emissions were around 50.5 million kg CO2e (market-based Scope 1 and 2 combined), with Scope 1 at about 10.2 million kg CO2e and Scope 2 market-based at approximately 40.3 million kg CO2e, and Scope 3 at roughly 0.6 million kg CO2e. Prudential Financial has established several climate commitments. The company aims to achieve net zero environmental performance emissions across its primary domestic and international home office operations by 2050. This includes interim targets of a 55% reduction in GHG emissions by 2030 and a 97% reduction by 2040, both from a 2017 baseline year for specific facilities. Furthermore, there is a commitment to achieve carbon neutrality for these facilities by 2040. The company has reported achieving a significant reduction of 69% in Scope 1 and 2 emissions by 2023, exceeding its 2030 goal of a 55% reduction. In the period between 2022 and 2023, Prudential reduced Scope 1 and 2 emissions by 30% for the facilities included in its reduction targets. There are also reports of a 40% reduction commitment by 2030 and reaching net zero by 2059 or 2060 for certain operations. Additionally, a target for a 65% GHG reduction by 2050 for U.S. domestic sites, based on a science-based approach, was set. This company does not appear to cascade data from a parent organisation.