PGIM REAL ESTATE
PGIM Real Estate, a prominent division of PGIM, Inc., is headquartered in the United States and operates across major global markets, including North America, Europe, and Asia-Pacific. Founded in 1970, PGIM Real Estate has established itself as a leader in the real estate investment industry, focusing on core areas such as equity and debt investments, as well as real estate securities. With a diverse portfolio that spans various asset classes, PGIM Real Estate offers unique investment solutions tailored to meet the needs of institutional investors. The firm is recognised for its robust research capabilities and innovative strategies, which have contributed to its strong market position. Notable achievements include a significant track record of delivering consistent returns and a commitment to sustainable investing practices, setting PGIM Real Estate apart in a competitive landscape.
DitchCarbon Score
How does PGIM REAL ESTATE's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
PGIM REAL ESTATE's score of 34 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PGIM REAL ESTATE's reported carbon emissions
In 2022, PGIM Real Estate reported total carbon emissions of approximately 471,258,000 kg CO2e, comprising 76,913,000 kg CO2e from Scope 1 and 394,345,000 kg CO2e from Scope 2 emissions. This marked a reduction from 2021, where total emissions were about 841,713,000 kg CO2e, with Scope 1 emissions at 169,290,000 kg CO2e and Scope 2 emissions at 397,775,000 kg CO2e. PGIM Real Estate has set an ambitious target to achieve Net Zero Emissions by 2030, with the commitment starting in 2023. This target encompasses all scopes of emissions, reflecting a comprehensive approach to climate action. The emissions data is cascaded from PGIM Real Estate Finance, LLC, a current subsidiary of Prudential Financial, Inc., which is responsible for the overall performance metrics reported. As of now, PGIM Real Estate has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. The organisation's commitment to reducing its carbon footprint aligns with industry standards and reflects a proactive stance towards sustainability in real estate.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 169,290,000 | 00,000,000 |
| Scope 2 | 397,775,000 | 000,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
PGIM REAL ESTATE is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
