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 25 is lower than 67% 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 Asset Management's reported carbon emissions
In 2022, Principal Asset Management reported total carbon emissions of approximately 686,600 kg CO2e, comprising 404,000 kg CO2e from Scope 1 emissions and 282,600 kg CO2e from Scope 2 emissions. This data reflects a significant reduction from 2021, where Scope 1 emissions alone were reported at 533,000,000 kg CO2e. Despite these reductions, Principal Asset Management has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets through initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction targets indicates a need for further commitment to climate action. Principal Asset Management's emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of their own operations. The firm is headquartered in the US and continues to focus on sustainability and environmental impact as part of its corporate strategy.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 533,000,000 | 000,000 |
| Scope 2 | - | 000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Principal Asset Management's Industry?
How Carbon Intensive is Principal Asset Management's Location?
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.
