The latest Principal® Sustainability Report offers a blueprint for understanding the hurdles we all face, and how to create a plan for our shared future.
Submitted by Principal Financial Group, Inc.
Originally published on Principal ESG Data Center
The Principal Financial Group® purpose is clear: Foster a world where financial security is accessible for all. But that world remains far from reach if employees aren’t empowered, everyone doesn’t feel included when it comes to finance, and actions aren’t sustainable in the future.
At Principal, our 2021 Sustainability Report details the progress—and the potential future global impact—of our corporate approach to ESG. It’s an opportunity to measure and check in: Are strategies working? Do goals need to change? Are we driving positive, long-term outcomes?
Some of the achievements in this report highlight our progress such as decreased energy use, which contributes to our goal of significantly reducing greenhouse gas emissions over the next few decades. Others offer examples of our more expansive approach to sustainability such as supporting a diverse workforce.
In the words of our President and CEO Dan Houston: “I believe the measure of a successful company goes beyond a strong bottom line. It’s about building on our proven business fundamentals to deliver strong results for our stakeholders, while finding innovative ways to make a meaningful difference in the world.”
Principal and people
How does sustainability relate to people—both our employees and customers? The Sustainability Report offers insights into both short- and long-term opportunities that help each group.
For employees and work, it’s a gauge of their supportive work environment and their perception of it, among other measurements. A few key points:
Principal and the planet
While much of the Principal Sustainability Report focuses on current achievements, it also addresses multi-year commitments and aspirations, particularly when it comes to the climate. After all, financial security cannot be accessible to all if climate change fosters instability. To that end, several notable metrics help Principal gauge progress.
Principal and profits
Driving meaningful change includes actions big and small for Principal core business and other efforts. The Sustainability Report demonstrates how to track those outcomes and data points, bring attention to partners, and continue to make progress—even if progress isn’t linear.
Read the full 2021 Principal Sustainability Report.
Principal community relations supports the communities where affiliates of the Principal Financial Group®, Des Moines, IA 50392 operates.
Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Company®. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.
Principal Financial Group® (Nasdaq: PFG) is a global financial company with 18,500 employees1 passionate about improving the wealth and well-being of people and businesses. In business for more than 140 years, we’re helping more than 51 million customers1 plan, protect, invest, and retire, while working to support the communities where we do business, and build a diverse, inclusive workforce. Principal® is proud to be recognized as one of America’s 100 Most Sustainable Companies2, a member of the Bloomberg Gender Equality Index, and a Top 10 “Best Places to Work in Money Management3.” Learn more about Principal and our commitment to building a better future at principal.com.
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