- Volatile financial market conditions and geopolitical factors impacting financial security and inclusion.
- Climate-related risks impacting communities, economies, and habitats.
- Evolving regulatory sustainability landscape requiring increased transparency and reporting.
- Gaps in emissions reporting industry-wide.
- Unforeseen budget constraints and broader economic headwinds impacting diverse supplier spend.
Principal Financial Group®
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Principal Financial Group® disclosed greenhouse gas emissions of 19.7K tCO2e/year (2023). By scope: Scope 1: 5.5K tCO2e/year (2023); Scope 2: 14.2K tCO2e/year (2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
19.7K tCO2e/year (2023)
2023
Renewable Energy
47.8% (2023, global); 55.6% (2023, U.S.)
of total energy
Water Usage
24.5K kGal/year (2023 U.S. offices only)
2023
Waste
811.6 mt/year (2023, non-hazardous, U.S. offices only) and 120.2 mt/year (2023, hazardous, U.S. offices only)
2023
Energy Use
74.4K MWh/year (2023)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 5.5K tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 14.2K tCO2e/year (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 19.7K tCO2e/year (2023) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 46% Reduction in global scope 1 and scope 2 market-based greenhouse gas emissions between 2019 and 2023
- Decreased global scope 1 and scope 2 market-based GHG emissions by 14.6% from 2022 to 2023
- In the U.S., GHG scope 1 and scope 2 market-based emissions decreased by 13.9% from 2022 to 2023
- 69% of hazardous and nonhazardous waste produced in our U.S. facilities where we measure was diverted in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Support at least 7,700 diverse SMBs by 2025
- Reduce global scope 1 and scope 2 market-based GHG emissions by 4.3% annually
📅 Medium-term
- Reduce global scope 1 and scope 2 market-based GHG emissions by 65% by 2034
🔭 Long-term
- Achieve net zero GHG emissions by 2050
🌱 ESG Focus Areas
Sustainable InvestingConsumer and Product ImpactFinancial InclusionEnvironmental ImpactSustainable SourcingGovernance, Ethics, and RiskGlobal InclusionEmployee Engagement