PGIM Quantitative Solutions
Corporate Bias Rating
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Summary:
PGIM Quantitative Solutions does not provide viewpoint protections for its employees but has not publicly canceled business relationships based on views or beliefs. PGIM is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices. PGIM integrates ESG into its business practices by "promoting ESG investment principles within the investment industry". PGIM appears to prioritize diversity over merit in its hiring and leadership composition. From its Statement on Diversity, Equity and Inclusion page: "We foster equity by hiring, identifying, retaining and accelerating top diverse talent at all levels. We believe that this is both a moral and business imperative". PGIM supports ESG and DEI through various initiatives, including memberships with the IIAG, the Ceres Network, the Carbon Disclosure Project, the Institutional Investors Group on Climate Change, the NASP, and Out Leadership. PGIM employs a DEI Officer and Office. PGIM is also aligned with the Paris Agreement, which entails a commitment to net-zero carbon emissions by 2050. However, PGIM has not used its corporate funds for ideological purposes. For these reasons, PGIM Quantitative Solutions receives a Medium Risk rating.
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