Principal Financial Group
Founded in 1879 as a small life insurance company, Principal Financial Group® has become a strong global leader in retirement, long-term savings, and asset management, while expanding their insurance business. Principal® employs more than 18,500 employees worldwide and is a FORTUNE 500 global investment management leader.
Compliance and Accountability
Principal serves as a leader in compliance and accountability, which is evident from their environmental, social and governance (ESG) strategies. In an effort to work toward fostering a world where financial security is accessible to all, Principal demonstrates a commitment to corporate sustainability and the ESG impact Principal has on its stakeholders. Principal’s comprehensive ESG priorities include responsible investing, financial inclusion, consumer and product impact, employee engagement, environmental impact, sustainable sourcing, governance, ethics and risk. Within these focus areas are specific ESG topics that drive sustainability targets, goals and initiatives, such as sustainable sourcing, product equity and empowerment, climate impact, diversity, equity and inclusion (DEI), and beyond.
The Principal ESG strategy is governed by an executive task force made up of members appointed by the Chairman, President and CEO Dan Houston, and it reports to the Board of Directors. Principal’s Chief of Inclusion is a member of the task force, further demonstrating the company’s commitment to DEI. The task force ensures that issues are integrated into business decisions, drives the comprehensive ESG strategy and continually engages with stakeholders both internally and externally. Principal gathers intentional feedback from clients, institutional customers, employees and investors to understand priorities and performance expectations for ESG topics.
The Principal ESG approach is centered around growing a sustainable and secure society through long-term responsible actions – focused on creating more opportunity for financial security for future generations.