Press release
Principal Financial Group® releases corporate responsibility commitments
New goals grow support for diverse businesses, reduce environmental impacts, and advance an inclusive culture DES MOINES, Iowa--(BUSINESS WIRE)-- Principal
About this update from Principal Financial Group Inc
[{"type":"text","content":"\nNew goals grow support for diverse businesses, reduce environmental impacts, and advance an inclusive culture\n\n DES MOINES, Iowa--(BUSINESS WIRE)--\nPrincipal Financial Group® released today multi-year corporate responsibility commitments focused on employee empowerment, financial inclusion, and sustainability as part of its environmental, social, and governance (ESG) strategy and issued through its 2020 Corporate Social Responsibility (CSR) report.\n\n“Principal® was founded to put financial security within reach of more people,” said Dan Houston, chairman, president, and CEO of Principal. “Today, living our purpose by doing the right thing for people, businesses, and communities is more important than ever. These clearly defined commitments help ensure customers, employees, and shareholders understand our dedication to taking action, making progress, and driving outcomes for a more inclusive and sustainable world.”\n\nCommitting to a better future\n\nAs a global leader in retirement, insurance, and investments, Principal is closely tracking social, environmental, and demographic changes that include longer lifespans, income and wealth inequalities, environmental challenges, and opportunities to expand global access to the financial system across all segments of the population. The company’s forward-looking purpose commitments support these areas in measurable and impactful ways.\n\nThe company’s commitments are:\n\nAccess the power of its people by creating and supporting a work environment of integrity, respect, community, and trust. Principal commits to: \n\n\nAnnually achieving a score of 80% or above in its proprietary Inclusion Index that measures sentiments of its 17,000 global employees related to culture and empowerment.\n\n\nRegular diversity and pay equity analysis to ensure that employees gain a fair and equitable wage and thrive in their careers.\n\n\nContinue to hire and advance leaders of diverse backgrounds as the company works to increase problem-solving capabilities, foster innovation, and drive business growth.\n\n\nAdvance inclusive products, services, and communities to meet more individuals and businesses where they are in their financial journey. Principal commits to:\n\n\nDoubling the number of diverse small to mid-size businesses it supports through product access, micro-finance, community developme...