Principal Financial Group Inc

Common Name
Principal Financial Group
Country
United States
Sector
Financial Services
Industry
Asset Management
Employees
19,700
Ticker
PFG
Exchange
NASDAQ/NGS
Description
Principal Financial Group Inc. is a prominent financial services company that focuses on offering a diverse range of financial products and services. Its primary function is to provide retirement, ins...

Principal Financial Group's Climate Target Data Preview

As of 2024, Principal Financial Group has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Principal Financial Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2024
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2025
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2034
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2035
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Principal Financial Group's Greenhouse Gas Emissions Pathways

As of 2024, Principal Financial Group has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.

Does Principal Financial Group have a target to reduce the emissions from its operations?

As of 2024, Principal Financial Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Principal Financial Group's most ambitious operational target is to reduce these emissions by 65% by 2034, compared to a baseline of 36,522 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.

As of 2024, Principal Financial Group is ahead of schedule on its operational emissions reduction target, having achieved 82.46% of the planned reduction.

Principal Financial Group's Operational (Scope 1+2) Emissions Pathway

2019202420242025203409.5 k19 k28.5 k38 kBaselineCurrent (-54%)Target 2025 (-26%)Target 2034 (-65%)
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