Prudential Financial

The financial institution discloses that it requires third-party lobbyists to comply with its lobbying and political engagement policy. The financial institution discloses a list of the trade associations of which it is a member (FSB specific). The financial institution assigns responsibility for implementing its sustainability strategy to functions, teams or committees within the financial institution. The stewardship policy covers client and other stakeholder engagement as well as advocacy and partnerships. The financial institution has a publicly available policy statement committing it to respect human rights.

The financial institution monitors its scope 1-2 emissions.

The financial institution discloses the amount and/or share (in monetary terms) of products, services and capital provided to usually excluded group, defined by the financial institution itself. The financial institution discloses the amount and/or share (in monetary terms) products, services and capital provided to small-and medium-sized enterprises.

The institution has a publicly available policy statement committing to respect specific workers’ rights but could reference all ILO fundamental rights at work. It expects suppliers to uphold these rights and has an opportunity to disclose how it determines a living wage in its operational regions. There is also a chance to publish a policy statement indicating that it does not make political contributions. While it identifies material sustainability impacts, further detail on the process and criteria for prioritisation is needed. It is recommended to link senior executive remuneration performance criteria to specific sustainability targets.

The institution monitors scope 3 emissions beyond financed emissions but could include additional categories with rationale for exclusions. A breakdown of clients and/or beneficiaries by income group is also recommended. Its risk assessment process includes some ILO fundamental rights but could cover the full set, with a disclosure on risk mitigation processes when identified.

Additionally, it should identify social risks related to its products, services, and capital in the context of the net zero transition. Finally, providing an example of conclusions and actions taken regarding at least one salient human rights issue from the last three years is recommended.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.