Diversity and Inclusion are Foundational to Delivering on our Purpose.
By John Strangfeld, Chairman and CEO,
Prudential Financial, Inc.
Prudential was founded on the belief that financial security should be within reach for everyone, and I take great pride that the company’s commitment to our values and our purpose has remained steadfast for 140+ years.
Every day, our employees represent Prudential to millions of people, and the greatest return on our daily work is the strengthening of the society and the world we all share. No matter where we’re from, what we look like, what we believe in, we all come together to address real-life financial challenges.
Being recognized as the Company of the Year by LATINA Style is a tremendous honor and I am certain it gives Prudential Latinas – and all of our 49,000 employees – a great sense of pride. It’s also a reflection of the innate culture of our company.
Embracing diversity and a culture of inclusion are two of Prudential’s immutable tenets. The diversity of experiences, opinions and backgrounds across our company, in every aspect of our operations, enables us to meet the needs of our customers and help them become more financially secure.
In 2016, Prudential created an Inclusive Markets Working Group with a mission to develop and deliver solutions to underserved consumer markets to increase their long-term financial security. We held a financial security summit to better understand the challenges that face the Latino community. Prudential executives, along with external thought leaders, not only identified issues but potential solutions to address the barriers to meeting the needs.
Prudential is also addressing the needs of another underserved community – our country’s military veterans. At our growing Business & Technology Solutions Center in El Paso, Texas, nearly half of the employees are veterans or military spouses. Our extensive focus on training and support facilitates their transition into the civilian workforce. Military spouses, an overlooked but valuable source of talent, have found employment through remote work arrangements – enabling them to keep their jobs despite frequent relocations that come with military service. Additionally, our El Paso operations are extremely diverse, reflecting the large Hispanic community in the area.
Prudential’s focus on diversity and inclusion not only powers the ambitions of our customers and communities, but also how we help our employees achieve their own ambitions. Earlier this year, Prudential held its second Global Women’s Forum, bringing together Prudential women from around the world for a program focused on gender diversity. That led to the creation of the Global Women’s Initiative, a multi-pronged effort to promote gender diversity at Prudential.
Prudential takes the long-term view, in our talent strategy and our business strategy. We make and keep promises over the course of decades and lifetimes. That drives everything we do. We know that the social value created by Prudential, combined with the value created for our stakeholders, will help build a shared prosperity far into the future.
Thank you again for the honor of receiving the LATINA Style Company of the Year award.