Principal
Principal Financial Group, commonly referred to as Principal, is a leading global financial services company headquartered in the United States. Founded in 1879, Principal has established a strong presence in various operational regions, including North America, Asia, and Europe. The company operates primarily in the insurance and investment sectors, offering a diverse range of products and services such as retirement solutions, asset management, and risk management. With a commitment to innovation, Principal stands out for its tailored financial solutions that cater to both individuals and businesses. The firm has achieved significant milestones, including recognition for its sustainable investment practices and a robust market position as a trusted provider of financial security. Through its comprehensive offerings, Principal continues to empower clients to achieve their financial goals while maintaining a focus on long-term growth and stability.
DitchCarbon Score
How does Principal'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 Insurance Services 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
Principal's score of 53 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Principal's reported carbon emissions
In 2024, Principal Financial Group reported total carbon emissions of approximately 5,014,800 kg CO2e for Scope 1 and about 11,931,200 kg CO2e for Scope 2 (market-based), resulting in a combined total of around 16,946,000 kg CO2e for Scope 1 and 2 emissions. In the United States, the company recorded Scope 1 emissions of about 4,980,100 kg CO2e and Scope 2 emissions of approximately 8,150,900 kg CO2e (market-based), leading to a total of around 13,131,000 kg CO2e for these scopes. In 2023, Principal achieved a significant milestone by exceeding its target of a 17.3% reduction in Scope 1 and Scope 2 emissions against a 2019 baseline, achieving an impressive 46% reduction. This reduction reflects the company's commitment to sustainability and its proactive approach to mitigating climate impact. Principal has not disclosed Scope 3 emissions for 2024, but in 2023, it reported approximately 14,925,000 kg CO2e in Scope 3 emissions in the US. The company has set long-term reduction targets, focusing on absolute reductions in Scope 1 and Scope 2 emissions, demonstrating its commitment to addressing climate change. Overall, Principal's climate commitments and achievements highlight its dedication to reducing carbon emissions and promoting sustainability within the financial services sector.
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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 | 36,522,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
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.
Principal 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.
