Principal

In 2025, Principal Financial Group, Inc. reported total carbon emissions of approximately 487,000,000 kg CO2e. This figure includes Scope 1 emissions of about 6,290,700 kg CO2e, Scope 2 emissions (market-based) of approximately 9,161,400 kg CO2e, and significant Scope 3 emissions, particularly from purchased goods and services, which accounted for about 110,252,800 kg CO2e.

Principal has set ambitious carbon reduction targets. They aim to reduce their gross Scope 1 and Scope 2 location-based emissions by 30% over a ten-year period, using 2010 as the baseline year. This target is part of their near-term commitment, which they are on track to meet. Additionally, they have established a long-term goal to achieve a 37.5% reduction in Scope 1 and Scope 2 emissions by 2035, using 2019 emissions as the baseline.

In 2023, Principal exceeded its target of a 17.3% reduction against the 2019 baseline, achieving a remarkable 46% reduction in Scope 1 and Scope 2 market-based emissions. This achievement underscores their commitment to sustainability and climate action.

Principal's emissions data is sourced directly from their own reporting and does not cascade from any parent organization. The company is actively working towards enhancing its climate commitments and reducing its carbon footprint in alignment with industry standards.