Prudential Financial, Inc. (NYSE:PRU) has strengthened its longstanding commitment to address societal needs and champion financial security by moving its office of Corporate Social Responsibility to the C-Suite, reporting directly to Vice Chairman Mark Grier. The move affirms Prudential’s shared value approach to integrating CSR with business strategy under the leadership of Lata Reddy, who leads CSR and has been named chair of The Prudential Foundation.
Lata Reddy, head of Corporate Social Responsibility and chair and president of The Prudential FoundationReddy, the architect of Prudential’s shared value approach, also serves as president of the Foundation. In these roles, she oversees the company's efforts to harness capital markets to drive social and financial mobility and sustainable growth.
“Prudential was founded to serve working families. From our beginning, we have always believed that our higher purpose is to pursue inclusive growth that benefits shareholders, customers and society,” said John Strangfeld, chairman and CEO of Prudential.
“Lata is a transformative leader who has advanced Prudential’s mission to connect business growth with societal progress. The elevation of her role and this important organizational shift recognizes that the integration of Corporate Social Responsibility and business strategy is foundational to creating true long-term value,” Strangfeld continued.