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21.38% Stake in Principal PNB Asset Management Company and 30% Stake in Principal trustee Company
Principal PNB Asset Management Company, a joint venture between Principal Financial Group and Punjab National Bank, is headquartered in India and operates primarily in the asset management industry. Founded in 2008, the company has established itself as a key player in the Indian financial services sector, offering a diverse range of investment solutions tailored to meet the needs of individual and institutional investors. With a 21.38% stake in Principal PNB Asset Management Company and a 30% stake in Principal Trustee Company, the firm provides unique products such as mutual funds and portfolio management services, distinguished by their robust risk management strategies and customer-centric approach. The company has achieved significant milestones, including a strong market position and recognition for its innovative investment strategies, making it a trusted name in asset management across major operational regions in India.
DitchCarbon Score
How does 21.38% Stake in Principal PNB Asset Management Company and 30% Stake in Principal trustee Company's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
21.38% Stake in Principal PNB Asset Management Company and 30% Stake in Principal trustee Company's score of 25 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest available data, there are no specific carbon emissions figures reported for the 21.38% stake in Principal PNB Asset Management Company and the 30% stake in Principal Trustee Company. This absence of emissions data indicates a potential gap in transparency regarding their carbon footprint. However, it is important to note that emissions data and climate commitments are cascaded from the parent organization, Principal Financial Group, Inc. This means that any climate initiatives or targets may reflect the broader strategies of the parent company. Principal Financial Group, Inc. has established various climate commitments, although specific reduction targets or achievements for the subsidiaries are not detailed in the current data. The lack of specific emissions data and reduction initiatives suggests that these entities may still be in the process of developing their own climate strategies or reporting frameworks. As part of the financial services sector, they are likely influenced by industry standards and expectations regarding sustainability and carbon management. In summary, while there are no direct emissions figures or reduction targets available for the stakes in Principal PNB Asset Management Company and Principal Trustee Company, their climate commitments may align with those of Principal Financial Group, Inc., from which they inherit their climate-related data and initiatives.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 6,557,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 29,965,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
21.38% Stake in Principal PNB Asset Management Company and 30% Stake in Principal trustee Company is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
