Prudential Financial

New Jersey
Insurance

Risk Level:

Rating - Caution
Medium Risk

Summary:

Prudential Financial does not protect employees from viewpoint discrimination and vets vendors for LGBTQ policies. Prudential and its board have promoted ideological policies and causes, and the company has funded ideological causes. Prudential does not enable donations to all religious organizations through its employee matching program. However, Prudential has not publicly terminated any employees or clients due to views or beliefs. 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 broad community outreach (1). Religious organizations are ineligible for some types of giving, however.

Criteria

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

Risk Level
Rationale

Prudential does not protect its employees from 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).

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).

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:
March 29, 2023

Company reports are intended for educational use only. Full Disclaimer

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