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Principal Asset Management Berhad
Principal Asset Management Berhad, commonly referred to as Principal Malaysia, is a leading asset management firm headquartered in Malaysia. Established in 1995, the company has grown to become a prominent player in the financial services industry, focusing on investment management and advisory services across various asset classes. With a strong presence in key operational regions throughout Southeast Asia, Principal Malaysia offers a diverse range of core products, including unit trusts, private retirement schemes, and Shariah-compliant investment solutions. Their commitment to innovation and customer-centric strategies sets them apart in a competitive market. Recognised for their robust investment performance and comprehensive risk management, Principal Asset Management has achieved significant milestones, including numerous industry awards. Their dedication to sustainable investing further enhances their reputation, positioning them as a trusted partner for investors seeking long-term growth and stability.
DitchCarbon Score
How does Principal Asset Management Berhad'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 Berhad's score of 51 is higher than 73% 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 Berhad, headquartered in Malaysia (MY), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The organisation is a current subsidiary of Principal Financial Group, Inc., which cascades its climate commitments and performance metrics down to its subsidiaries. While there are no specific reduction targets or achievements reported for Principal Asset Management Berhad, it inherits its climate initiatives from Principal Financial Group, Inc. This includes participation in the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), both of which are aimed at enhancing transparency and accountability in climate action. As a part of its corporate family, Principal Asset Management Berhad aligns with the broader sustainability goals set by its parent company, focusing on responsible investment and climate resilience. However, specific details regarding reduction targets or commitments at the subsidiary level remain unspecified. In summary, while Principal Asset Management Berhad does not provide direct emissions data or specific reduction targets, it is integrated into the climate strategies of Principal Financial Group, Inc., reflecting a commitment to 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 | - | - | - | - | - | - |
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 Asset Management Berhad 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.
