Prudential jumps 16 spots on the DiversityInc “Top 50 Companies for Diversity”

Philanthropy to multicultural communities, especially in its home city of Newark, N.J. cited

NEWARK, N.J.--(BUSINESS WIRE)-- Prudential Financial, Inc. (NYSE: PRU) earned a spot on DiversityInc's “Top 50 Companies for Diversity" for the 11^th consecutive year, moving from No. 32 to No. 16. "A mainstay on the DiversityInc Top 50 list, Prudential has vaulted from its middle-of-the-pack position to No. 16 as its deep-rooted external and internal commitment to inclusiveness accelerates," the magazine says. It also quotes Chairman and CEO John Strangfeld, who called diversity a "key business strategy."

To qualify for the list, participating companies must have more than 1,000 employees and answer a questionnaire on CEO commitment, human capital, internal and external communications and supplier diversity. More than 535 companies applied for the list, an increase of 19 percent from the previous year.

"We incorporate diversity requirements into everything we do, from creating products to recruiting and promoting talent to supporting diverse suppliers," Emilio Egea, chief diversity officer, told DiversityInc. "We're committed and dedicated to ensuring diverse perspectives, ideas and people are respected and embraced at Prudential."

DiversityInc also notes Prudential’s philanthropy to multicultural communities, especially in its home city of Newark, N.J. Prudential allocates 68 percent of its philanthropic efforts to charities aimed at Blacks, Latinos, Asians, American Indians, LGBT people and people with disabilities. This includes partnerships with such organizations as the Boys and Girls Clubs of Newark, Aspira of New Jersey and the Children's Defense Fund.?

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately$784 billion of assets under management as of Dec. 31, 2010, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. In the U.S., the company’s Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit www.news.prudential.com.

Prudential Financial, Inc.Peter Price, 973-802-6847
[email protected]

Source: Prudential Financial, Inc.