Prudential Financial

New Jersey
Insurance

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Prudential Financial vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. 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. However, Prudential has not used its PAC contributions for ideological purposes. For these reasons, Prudential receives a "Medium Risk" rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Prudential has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means Prudential has pledged to vet vendors based on LGBTQ policies (1)(2).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Prudential will match employee donations to religious organizations that engage in nonsectarian broad community outreach (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Prudential does not provide protections against viewpoint discrimination (1)(2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Prudential and some of its board members signed an amicus brief supporting the Supreme Court ruling affirming that gender identity is covered under the 1964 Civil Rights Act (1). Board members have also spoken out against state-level election security bills (2)(3). Prudential has signed the CEO Action for Diversity and Inclusion pledge (4). Internally, the company has also pledged to more heavily emphasize racial factors in its hiring strategies by instituting quotas and requiring hiring managers to undergo interview diversity training (5). Prudential is a Ceres Network Member, committed to net zero carbon emissions by 2040 (6)(7).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Prudential has funded local LGBTQ advocacy groups and the Newark, New Jersey-based affiliate of the National Urban League (1)(2)(3). Prudential is a copper sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce (4)(5).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Prudential has a history of donating in a bipartisan manner (1). Prudential has not used political donations for ideological purposes (2).

All links were last accessed and all information was updated on:
June 1, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
6/13/23GovernanceNew York State Common Retirement FundReport on Election SpendingAgainst40.67%
6/13/23GovernanceNew York State Common Retirement FundReport Each Director/Nominee’s Self-Identified Gender and Race/Ethnicity(Board Matrix)Against18.83%
5/9/23GovernanceJohn CheveddenIndependent Board ChairmanAgainst34.60%
5/10/22GovernanceJohn CheveddenProvide Right to Act by Written ConsentAgainst12.00%
Generate Reports
Clear
Toast