Glass Hammer: Danielle Navarro, Portfolio Manager, PGIM Fixed Income
Navarro’s ability to turn obstacles into advantages was evident early in her career.
A Culture of Diversity, Equity & Inclusion
PGIM’s 5 pillar strategy on DEI
- Talent: Attract, develop, promote and retain talent at all levels.
- Culture: Create a place where all talent can thrive.
- Industry: Be a recognized agent of change in the drive toward a more equitable asset management industry.
- Investing: Deploy capital to investments that advance equity and social justice, while remaining true to our fiduciary responsibilities.
- Community: Engage our wider community to promote social justice and equality.
Global data is a composite of year-end U.S. data and international locations data. U.S. data represents the proportion of women and men of color at VP level and above. International locations data represents the proportion of women at VP level and above who are based outside of the U.S.
RON ANDREWS DIVERSITY, EQUITY & INCLUSION SCHOLARSHIP PROGRAM
PGIM launched the Ron Andrews Diversity, Equity & Inclusion Scholarship in 2020. The merit-based scholarship honors retired Head of Human Resources for the U.S. Businesses of Prudential Financial, Inc., Ron Andrews, and is open to all eligible students with financial need who have accepted a summer internship and have a background or experience that is underrepresented in the asset management industry.
To learn more about PGIM's Ron Andrews Diversity, Equity & Inclusion Scholarship, click here.
CULTURE: CREATING A WORKPLACE WHERE ALL TALENT CAN THRIVE
To meet the needs of our diverse community, we offer global programming year-round and celebrate the ways we are more alike than we are different. In our offices in the Americas, Asia and Europe, we build community and belonging by lifting and empowering the voices of employees with underrepresented backgrounds and inspire allyship and connection through affinity months and diversity celebrations. We provide these platforms so our employees can have their individual voices heard, and to support and empower them as they drive the positive change they want to see in the world.
INDUSTRY CHANGE AGENT
The asset management industry stands at the intersection of capital, communities and households. We recognize the significant impact of our investment decisions on people and society, which is why diversity of thought is critical to equitable and accessible investment solutions. That is also why we participate and actively engage with peers.
Aligned with our unwavering commitment to greater diversity and inclusion and inclusion across the industry, we have partnered with the CFA Institute to develop and become one of the first 25 signatories to the USA & Canada DEI Code. We have also signed the UK DEI Code and are currently working with the CFA to craft and roll out an equivalent DEI Code across Europe.
INVESTING: DEPLOYING CAPITAL TO INVESTMENTS THAT ADVANCE EQUITY
We have the capabilities to work with clients who desire to allocate capital in a way that drives socioeconomic impact. With a 50-year track record in sustainable and responsible investing, PGIM Real Estate oversees a $1 billion Impact and Responsible Investing portfolio that leverages the strengths of our firm as an asset manager to invest in high-return and impact-oriented opportunities in the real estate sector.
To provide equity of opportunity for segments that often face challenges in the fundraising process, through the PGIM DEI Investment Portfolio, we made a $200 million long-term commitment to high-performing, early-stage fund managers whose backgrounds and experiences are underrepresented in the industry. These investments focus particularly on those raising capital for first or second funds.
Internal data as of June 2024
ENGAGING COMMUNITIES
Given our size and scale, we have a responsibility to leverage our reach and advance social justice and equity more broadly. We invest intellectual capital to help reduce the racial wealth gap. We care about and support the global communities in which we operate, combining the aspirations of our employees and clients with meaningful firm wide projects that leave a lasting impact on our world.
A CALL TO ACTION FOR STRENGTHENING HBCU ENDOWMENTS
Historically Black colleges and universities arc a critical learning path for Black students seeking quality higher education in the United States, yet face challenges in accumulating endowments, a crucial factor for ensuring institutional stability and growth. A new study launched by the United Negro College Fund (UNCF) and PGIM explores these challenges and finds four main constraints for HBCU endowment professionals tied to lack of funding and the comparably small size of their endowments.
Related News & Insights
Girls Who Invest and PGIM attract new talent to asset management
Long-standing partnership taps a pipeline of women with the skills to excel
Investing in Change: A Call to Action for Strengthening HBCU Endowments
PGIM and the United Negro College Fund (UNCF) partnered together to better understand the challenges of HBCUs attempting to grow and manage their endowments.