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 48 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Principal's reported carbon emissions
In 2024, Principal Financial Group, Inc. reported significant carbon emissions from its operations in the US, totalling approximately 4,980,100 kg CO2e for Scope 1 and about 8,150,900 kg CO2e for Scope 2 (market-based). The combined total for Scope 1 and Scope 2 emissions reached around 13,131,000 kg CO2e. This reflects a commitment to transparency in emissions reporting, with data sourced directly from Principal Financial Group, Inc. In terms of reduction initiatives, Principal has set ambitious targets. The company aims to reduce its gross Scope 1 and Scope 2 location-based carbon emissions by 30% over a ten-year period, using 2010 as the baseline year. This target is part of their near-term strategy, which is on track to be met. Additionally, looking beyond 2020, Principal has 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. Notably, Principal exceeded its 2023 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 Principal's commitment to sustainability and its proactive approach to addressing climate change. Overall, Principal's emissions data and reduction commitments reflect a robust strategy aimed at minimising its carbon footprint while contributing to broader climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
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.
