Pensions & Investments awards PGIM Best Place to Work in Money Management for the fifth straight year
A high five to our talented employees for 5 years recognized as a top employer in the U.S.
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.
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.
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.
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
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.
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.
A high five to our talented employees for 5 years recognized as a top employer in the U.S.
Navarro’s ability to turn obstacles into advantages was evident early in her career.
Long-standing partnership taps a pipeline of women with the skills to excel