Prudential 2021 ESG Report Commitments to Advance Racial Equity With the Board of Directors’ full support, in August 2020 Prudential announced commitments to advance racial equity for our people, through our businesses and in our society. These commitments build on Prudential’s long history of promoting inclusive economic growth through our investments, buying power, thought leadership, hiring practices and professional development initiatives. The table below describes our commitments and our most recent progress. Taking Action for Our People Taking Action With Our Business Commitment Action Commitment Action Provide Equal Opportunity • Developed diversity goals directly tied to senior leadership’s long-term Design products, services and • Racial Equity Ambassadors embedded inclusion and equity practices in for All Employees compensation, emphasizing Black and LatinX representation deeper in the operations to improve racial 500 business-led initiatives within 27 businesses and functions organization equity outcomes • Launched over 400 coaching engagements to cultivate high potential talent acquisition Taking Action in Society • Required a diverse interview panel and interview training to achieve more inclusive hiring practices Commitment Action • Targeted leadership development brings coaching and executive Accelerate our social justice • Advocated for policy and regulatory changes increasing employment sponsorship to diverse talent cohorts public policy agenda: pathways for people with prior arrest or conviction backgrounds • Advocated for the protection of voting rights and equitable access • Criminal justice and police Greater Transparency • Annual disclosures of EEO-1 U.S. employee diversity and pay equity data reform to elections Mandate Inclusion • 9,000 U.S. employees logged over 25,000 hours of inclusion training • Provided $500,000 in new 昀椀nancial contributions to organizations • Voting rights Training for all U.S. in 2021 • Closing the racial wealth gap combating the rise in anti-Asian hate crimes Employees • $3 million in new 昀椀nancial contributions to Historically Black Colleges Create Ways to Re昀氀ect • Monthly Inclusion & Racial Equity newsletter communicates progress to all Invest in institutions, ventures and Engage U.S. employees and high-impact nonpro昀椀ts and Universities (HBCUs): removing structural barriers to − strengthens the capacity of HBCUs • Quarterly Inclusion & Racial Equity Town Halls engaging 6,000 U.S. employees Black economic empowerment − reduces the 昀椀nancial burden on students − attracts talent to Prudential as an employer of choice • Employees provided 2,000 volunteer hours to support Newark & Atlanta small businesses and their employees • $58.41 million in new investments as part of $1 billion in impact investment portfolio focused on equity and inclusion Home Introduction Governance Sustainable Investing People Community Environment About this Report Appendix 27