
Prudential Financial has for more than 20 years been a major investor in alternative sources of energy and is at the forefront of efforts to construct "green" buildings. We also offer socially responsible investment funds to our customers.
Alternative Energy Investments
Prudential has invested more than $500 million in wind energy projects in seven states—California, Colorado, Kansas, Minnesota, New York, Texas, and Washington—making us one of the largest institutional investors in that area. Power generated from these projects can satisfy the electricity needs of almost half a million average U.S. households.
Green Buildings
Prudential Real Estate Investors® (PREI®) owns or has investments in more than two-dozen LEED-certified (Leadership Energy and Environmental Design) buildings and properties in development. It has recently commenced a pilot benchmarking program that will analyze 45 properties with a view toward making changes that will reduce energy consumption. If this program is successful, PREI will implement a similar program across its portfolio.
Socially Responsible Investment Funds
Pruco Life Insurance Company offers a variable universal life product that includes socially responsible investment choices. Through our joint ventures in China and Italy, we offer socially responsible funds such as the Everbright Pramerica New Growth Equity Fund and UBI Pramerica Azionario Etico (UBI Pramerica Ethical Equity Fund).*
A Commodity Index with an Environmental Focus
Recently, Prudential Bache Commodities announced the introduction of the Bache Commodity Green IndexSM, a multi-faceted approach to holding commodities and materials needed in the production of sustainable energy and the reduction of climate change.
*Funds are not registered or available in the U.S.
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