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Principal Financial Group Inc
Principal Financial Group's GHG Emissions Data Preview
In 2024, Principal Financial Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Principal Financial Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Principal Financial Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Principal Financial Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofPrincipal Financial Group amounted to21,975.7metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Principal Financial Groupdecreased by 19.86%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Principal Financial Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Principal Financial Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Principal Financial Group were 5,014.8 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Principal Financial Group reduced its Scope 1 emissions over time?
Since 2019, Principal Financial Group's Scope 1 emissions have decreased by 23.52%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Principal Financial Group's Scope 1 emissions decreased by 18.3%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Principal Financial Group's Scope 2 emissions?
In 2024, Principal Financial Group reported Scope 2 greenhouse gas (GHG) emissions of 11,931.2 tCOâ‚‚e using the market-based method and 16,960.9 tCOâ‚‚e using the location-based method.a
Has Principal Financial Group reduced its Scope 2 emissions over time?
Since 2019, Principal Financial Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 57.5%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Principal Financial Group's Scope 2 emissions(Location-Based) fell by 20.32% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Principal Financial Group use for Scope 2 reporting?
In 2024, Principal Financial Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
Principal Financial Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Principal Financial Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Principal Financial Group reported Scope 1 greenhouse gas (GHG) emissions of 5,014.8 tCOâ‚‚e and total revenues of USD 16,130 millions. This translates into an emissions intensity of 0.31 tCOâ‚‚e per millions USD.a
Principal Financial Group's Scope 1 Emissions Intensity Compared to Peers
How does Principal Financial Group's GHG emissions intensity compare to its peers?
In 2024, Principal Financial Group reported a Scope 1 emissions intensity of 0.31 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.15, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Principal Financial Group rank on GHG emissions intensity within its industry?
In 2024, Principal Financial Group ranked 19 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Principal Financial Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a