Prudential 2021 ESG Report Prudential’s Global Environmental Commitment Prudential’s Global Environmental Commitment was created to acknowledge the risks presented by global Goals Status climate change and to address this important issue through our business operations and investments. This document describes the status of these Commitments as of December 31, 2021. Achieve 65% waste diversion • Achieved goal in 2021 with 72% waste reduction in reporting by 2025 countries.2 Environmental Reporting Continue internal initiatives to • Continued partnership with American Forest partnership to support Goals Status reduce paper use our Zero Paper aspiration. Increase robust reporting in • Prudential’s 2021 ESG Report includes comprehensive information Develop both internal and public • The Chief Investment Of昀椀ce updated its Responsible Investing annual sustainability report on both the impact of our operations on the environment and the facing ESG Policy Policy in November 2021. action we are taking to reduce the impact we have. Invest in companies and • The General Account’s sustainable investment allocation is Achieve and maintain • Received A- CDP Climate Rating in 2020 and B in 2021. Prudential projects that responsibly reduce described in the 2021 ESG Report. Management-Level CDP scores will participate in the 2022 CDP climate questionnaire. emissions, water consumption and/or waste generation Publish speci昀椀c asset level • Approximately $375B of the General Account’s assets have an Allocate 10% of Impact • As of 12/31/2021, Impact Investments has 4% of its fair market reporting ESG identi昀椀er. Investments portfolio to value of investments in companies and projects promoting Publish information and progress • The 2021 ESG Report describes the General Account’s total companies and projects that sustainability and resiliency. on General Account investment sustainable investments and each category. promote sustainability and allocations resiliency by 2025 Responsible Use of Natural Resources Grant $25 million by 2025 to • Prudential Foundation provided $12.7 million (as of 12/31/2021) in support response to climate- grants and investments to support climate-related natural disasters. Goals Status related natural disasters via Prudential Foundation Prudential commits to achieve • 84% progress towards 2030 interim goal and 48% progress net zero emissions across its towards 2040 interim goal. See Prudential’s 2021 ESG Report for primary home of昀椀ce operations by more detail. 2050 and set an interim goal to become carbon neutral by 20401 1. As documented in Prudential’s Inventory Management Plan, the Company de昀椀nes its organizational boundaries using the Operational Control approach per the World Resource Institute (WRI)/World Business Council for Sustainable Development (WBCSD) Greenhouse Gas (GHG) Protocol. Under this approach, Prudential will account for 100% of the GHG emissions from operations over which it has control. This includes domestic and international properties (home of昀椀ces, data centers, and garages) which are either owned or leased by Prudential Financial and for which Prudential has operational control. 2. Reporting countries include 2019 and 2020: U.S., Brazil, Taiwan, Japan; 2021: U.S., Brazil, Taiwan (pro-rated), Japan Home Introduction Governance Sustainable Investing People Community Environment About this Report Appendix 54