Principal Financial Group

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Principal is a global financial services company passionate about improving the wealth and well-being of families and communities. We help more than 55 million customers worldwide plan, protect, invest, and retire—while reimagining a more purpose-led future for financial systems and experiences.

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4.2

Overall Excellence Rating

Industry

Financial Services

Category

Investment & Asset Management

ESG/Ethical Impact

For some, being sustainable equals individual actions to benefit the environment—recycling, for example. But when companies talk about sustainability, they’re referring to the choices and plans they make to support people, the planet, and their business now and into the future. Sometimes it’s referred to as environmental, social, and governance, or ESG. That’s an acknowledgement that sustainability is inclusive of, but much more than, behaviors like recycling. The Principal Financial Group®?purpose is clear: To foster a world where financial security is accessible to all. But that world remains far from reach if employees aren’t empowered, everyone doesn’t feel financially included, and business activities aren’t sustainable for the future. We’re prepared to keep the momentum going in 2023, advancing inclusive products and services, embedding sustainable practices, and harnessing the power of our people. We know there is more we can do. We’re committed to the work and transparency required to do it effectively. For employees and work, it’s a gauge of their supportive work environment and their perception of it, among other measurements. A few key points: Measuring inclusion. We’ve implemented assessments of our employee inclusion efforts and the culture of work at Principal, including attributes such as authenticity, learning new things, sharing perspectives, and feeling valued and respected. The Principal goal is a score of 80% or above annually; we exceeded that goal in 2022 with 82%. Embracing diversity. Supporting diverse employees and leaders who are able to bring their authentic selves to work remains foundational to Principal. Currently, 46% of all management positions globally are held by women and 54% of our global workforce are women. In the U.S., the percentage of employees who identified as people of color increased in all employment categories from 2021 to 2022. Principal updated emissions reduction goals to a 65% reduction in scope 1 and 2 market-based emissions by 2034. Reducing waste. Principal has set the ongoing goal of meeting or exceeding Leadership in Energy and Environmental Design (LEED) guidelines for waste and recycling and has diverted 69% of waste through a combination of recycling, donating, and composting.

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Awards Received

2023

Revenues

$17,492,000,000,000.00

Website Traffic

Employee Rating

4.1

Customer Rating

3.9

Company Size

10000+

ESG Risk Rating

4

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