Corporate Responsibility

In the decade since Prudential created the modern pension risk transfer, the company has issued billions of dollars in retirement payments to millions of retirees. Those payments—$5.2 billion to more than 1.4 million retirees in 2017 alone—have ripple effects. The money supports people of all economic levels, and, in turn, reverberates in the communities in which these retirees live.

U.S. congressional leaders listened carefully as Chuck Sevola described Prudential’s collaboration with Workforce Opportunity Services to hire veterans and help them transition to the civilian workplace.

Army sergeants Schoon, Nunez and Moody, and specialists Alt and Ellis: They were all from one company, killed within six months during Operation Enduring Freedom. They were among 55 soldiers serving in Andrew Baker’s unit. Baker, now part of Prudential’s corporate real estate team in Newark, New Jersey, was a newly minted 22-year-old second lieutenant on his first command—a deployment to eastern Afghanistan in 2012. 

HARRISON, N.J., May 17, 2018 – The New York Red Bulls, in partnership with Prudential Financial, Inc., have signed 12 athletes from Special Olympics New Jersey to two-game contracts, the club announced today. Prudential Financial is the proud presenting partner of the Red Bulls Special Olympics Unified Team.

“There’s always been this connection between post-military life and agriculture,” says Shawn Efran, director of “The Farm,” a short documentary produced by Tribeca Studios in association with Prudential. The film is the second produced through a 2017 Prudential partnership with Tribeca Studios intended to highlight the employment challenges faced by veterans.

Paloma Rambana has fuzzy vision caused by a congenital eye condition and uses a video magnifier to read and see around her classroom at school. When the magnifier broke—and she couldn’t get state funding for new one—she gained a new personal vision that helped secure $1.25 million in Florida state funding for children with visual impairments.

WASHINGTON, D.C., April 30, 2018  – For community service initiatives that range from leading a march against violence to providing service dogs to people in need, 10 students were named America’s top youth volunteers of 2018 today by The Prudential Spirit of Community Awards, a national program sponsored by Prudential Financial in partnership with the National Association of Secondary School Principals (NASSP).

New Localism involves networks of public, private, civic and other leaders coming together to steward the local urban economy. These networks are working from the bottom up, rather than seeking top-down government solutions. 

Prudential Financial, for instance, was founded in Newark, NJ, in 1875. Its headquarters remain there, and it has taken a leading role in rebuilding the city’s downtown. Ommeed Sathe runs the company’s social impact investments‚ a portfolio of $700 million, 30% of which is spent in Newark, with a dual goal: financial return and social good.

For National Volunteer Week, Prudential celebrates its employees, who volunteered for more than 350 organizations in 2017. Like Jacqueline Howard, a copywriting manager for Prudential Individual Life Insurance, who has fostered more than a hundred greyhounds for the nonprofit organization Greyhound Friends of New Jersey. 

To a newborn, 10 weeks is a lifetime. To his or her parents, it can be the foundation to a better life. Yet, only 14 percent of private sector employees receive any paid time off during this critical bonding period. Fortunately, times are changing. On April 1, Prudential Financial increased the period of 100 percent paid parental leave available to eligible employees and Prudential Advisors financial professionals.