Prudential Financial
Corporate Bias Rating
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Risk Level:
Summary:
Prudential Financial scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Prudential Financial increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Prudential Financial forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company uses its reputation to push gender ideology and requires its managers to take diversity training. Prudential funds multiple LGBTQ organizations and discriminates against some religious organizations through its employee matching program. The company is committed to carbon neutrality by 2040. Prudential Financial opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. For these reasons, Prudential receives a High Risk rating.
Board Bias
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CEO of Prudential Financial
Charles F. Lowrey
Summary:
Headquartered in Newark, New Jersey, Prudential Financial is a member of the Fortune 250 operating in the Insurance industry. Charles F. Lowrey and Charles F. Lowrey serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $179,200 to Republican causes and $353,260 to Democratic causes. Under their tenure, Prudential Financial currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$179,200
$353,260
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
6/13/23 | Governance | New York State Common Retirement Fund | Report on Election Spending | Against | 40.67% |
6/13/23 | Governance | New York State Common Retirement Fund | Report Each Director/Nominee’s Self-Identified Gender and Race/Ethnicity(Board Matrix) | Against | 18.83% |
5/9/23 | Governance | John Chevedden | Independent Board Chairman | Against | 34.60% |
5/10/22 | Governance | John Chevedden | Provide Right to Act by Written Consent | Against | 12.00% |
In the News
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