Principal Asset Management Sustainability Profile
Principal Asset Management, a leading investment management firm headquartered in the United States, has been a key player in the financial services industry since its founding in 1879. With a strong presence in major operational regions across North America, Europe, and Asia, the company offers a diverse range of investment solutions tailored to meet the needs of institutional and retail clients alike. Specialising in asset management, Principal Asset Management provides unique products and services, including equity, fixed income, and alternative investments. The firm is recognised for its innovative approach to risk management and sustainable investing, positioning it as a trusted partner in the financial landscape. With a commitment to delivering long-term value, Principal Asset Management continues to achieve notable milestones, solidifying its reputation as a prominent player in the global investment arena.
DitchCarbon Score
How does Principal Asset Management'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 Financial Intermediation 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 Asset Management's score of 30 is lower than 51% 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 Asset Management's reported carbon emissions
In 2024, Principal Asset Management reported total carbon emissions of approximately 5,870,970 kg CO2e. This figure includes Scope 1 emissions of about 32,490 kg CO2e, primarily from mobile combustion (8,330 kg CO2e), and Scope 2 emissions of approximately 6,220 kg CO2e from purchased electricity. The most significant contribution came from Scope 3 emissions, which totalled around 5,583,260 kg CO2e, with major sources being business travel (1,986,070 kg CO2e) and employee commuting (2,441,770 kg CO2e). In previous years, emissions were significantly higher, with Scope 1 emissions reaching 533,000,000 kg CO2e in 2021 and Scope 1 and 2 emissions combined at 686,600 kg CO2e in 2022. This indicates a substantial reduction in emissions over the years, particularly in Scope 1. Despite these reductions, Principal Asset Management has not set specific reduction targets or climate pledges, nor do they have any SBTi (Science Based Targets initiative) reduction targets. The absence of formal commitments suggests a need for further action in aligning with industry standards for climate accountability. The emissions data is not cascaded from any parent organisation, indicating that Principal Asset Management, Inc. independently reports its emissions. Overall, while the company has made progress in reducing its carbon footprint, the lack of formal targets highlights an area for potential improvement in their climate strategy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | 2024 | |
|---|---|---|---|
| Scope 1 | 533,000,000 | 000,000 | 00,000 |
| Scope 2 | - | 000,000 | 0,000 |
| Scope 3 | - | - | 0,000,000 |
How Carbon Intensive is Principal Asset Management's Industry?
How Carbon Intensive is Principal Asset Management's Location?
Principal Asset Management's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 42% of Scope 3 emissions.
Top Scope 3 Categories
Principal Asset Management's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Principal Asset Management has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
