Press release
Principal Financial Group® Recognized as a Climate Change Leader With A- Rating From CDP
DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Financial Group® has again achieved Leadership status for environmental stewardship from CDP, formerly known as
About this update from Principal Financial Group Inc
[{"type":"text","content":" DES MOINES, Iowa--(BUSINESS WIRE)--\nPrincipal Financial Group® has again achieved Leadership status for environmental stewardship from CDP, formerly known as the Carbon Disclosure Project, after receiving an A- rating on its 2020 CDP Climate Change Report.\n\nThe Leadership designation from CDP is for organizations implementing current best practices in areas such as climate risk management, emissions reductions initiatives and standards, energy efficiency, and environmental governance. It’s the eighth straight year Principal® has achieved Leadership status, placing the company in the top 35% of all global financial services firms reviewed by CDP, which collectively averaged a B rating in 2020.\n\n“Principal takes its responsibility to support our environment seriously, viewing it as an extension of one of our core values: do what’s right,” said Kevin Farley, vice president of enterprise worksite services for Principal Financial Group. “We take great pride in our environmental awareness and action programs and remain committed to maintaining a long-term leadership role in environmental transparency and action.”\n\nPrincipal earned an A in five of the 11 categories scored by CDP and at least a B in five others. The company scored above the benchmark average for participating financial services companies in nine of the 11 categories. The high marks reflect its focus to reduce its carbon footprint, use energy and water efficiently, and minimize waste while encouraging and supporting environmentally responsible behaviors with employees, stakeholders, and suppliers.\n\nKey environmental milestones achieved by Principal that contributed to its 2020 CDP Climate Change rating include:\n\n\nReducing GHG emissions by 40% over the last 10 years, which surpassed the company goal of 30% set in 2010.\n\n\nAligning with recommendations from the Task Force on Climate-related Financial Disclosures.\n\n\nExpanding its Pillars of Responsible Property Investing program to further reduce energy, waste, and water consumption within the property investment portfolio of Principal Real Estate Investors.\n\n\nUtilizing LEED and ENERGY STAR® certifications to help ensure efficient and healthy work environments for Principal employees across 84% (approximately 2.1 million square feet) of its U.S.-owned office portfolio.\n\n\nDiverting 64% of office waste...