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.
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.
Supporting our Talent
RON ANDREWS SCHOLARSHIP PROGRAM
PGIM launched the Ron Andrews 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 students who have accepted a PGIM summer internship, have the need for financial assistance and have demonstrated overcoming socioeconomic barriers.
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.
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