Press release
Principal® earns ENERGY STAR® Partner of the Year: Sustained Excellence Award for sixth consecutive year
Principal also named Certification Nation Premier Member DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Asset ManagementSM, through its dedicated real estate
About this update from Principal Financial Group Inc
[{"type":"text","content":"\nPrincipal also named Certification Nation Premier Member\n\n DES MOINES, Iowa--(BUSINESS WIRE)--\nPrincipal Asset ManagementSM, through its dedicated real estate investment team, has been named an ENERGY STAR® Partner of the Year: Sustained Excellence award winner for the sixth consecutive year. Principal has also been named a Certification Nation Premier Member, a special one-time recognition in celebration of the EPA program’s 30th anniversary for organizations that certified 15 or more buildings in 2022.\n\n“The consistent recognition Principal receives as an ENERGY STAR award winner underscores our long-standing commitment to corporate stewardship and responsible property investment,” said Jennifer McConkey, managing director of Environmental, Social, and Governance (ESG) and operations, real estate, Principal Asset Management. “We strive to deliver positive financial and ESG outcomes for our clients and our strong performance over the past six years is a testament to that work. We are especially proud to receive this accolade and be named a Certification Nation Premier Member on the anniversary of the program.”\n\nPrincipal has been an ENERGY STAR partner since 2009 and has earned Partner of the Year status for eight years. Principal continues to integrate energy efficiency into its Pillars of Responsible Property Investing, the overarching ESG platform for the firm’s dedicated real estate investment team. ENERGY Star certified buildings use an average of 35% less energy than similar buildings nationwide and have been shown to have higher occupancy and rental rates.1 From 2008-2020, Principal Real Estate achieved 15.2% energy savings, avoided more than $51 million in cumulative energy costs, and prevented more than 130 thousand metric tons of cumulative carbon dioxide emissions.2 Now, Principal is working towards 2035 targets to reduce emissions by 40% and energy by 20% (over a 2019 baseline). In 2022, Principal achieved:\n\n\nENERGY STAR certification at 37 properties.\n\n\nAn average ENERGY STAR score of 87 for certified properties, meaning these properties perform within the top 13% on average of peers across the country.\n\n\nEach year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. ENER...