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...
GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

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)2024202320222021 - 2017
Total Scope 1
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
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0000000
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Verified Sources Behind Principal Financial Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Principal Financial Group’s data sources below and access millions more through our Disclosure Search.

a. Principal Financial Group's Sustainability Report 2024
a. Principal Financial Group's Sustainability Report 2024
b. Principal Financial Group's CSR Report 2020
b. Principal Financial Group's CSR Report 2020

Insights into Principal Financial Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Principal Financial Group amounted to 21,975.7 metric 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 Group decreased 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

201820192020202120222023202402 k4 k6 k8 ktCO2e-5%-31%-9%+24%+21%-18%
  • 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 CO₂ equivalent (tCO₂e). a

Has Principal Financial Group reduced its Scope 1 emissions over time?

Since 2018, Principal Financial Group's Scope 1 emissions have decreased by 26.97%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

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 tCO₂e using the market-based method and 16,960.9 tCO₂e using the location-based method. a

Has Principal Financial Group reduced its Scope 2 emissions over time?

Since 2018, Principal Financial Group's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 53.64%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

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

2018201920202021202220232024010 k20 k30 k40 ktCO2e
  • 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 tCO₂e and total revenues of USD 16,130 millions. This translates into an emissions intensity of 0.31 tCO₂e per millions USD. a

Principal Financial Group's Scope 1 Emissions Intensity Compared to Peers

5202002,00020,000Scope 1 Emissions (tCO2e)1005002,00020,000100,000Revenues (Millions of USD)ATEAAres ManagementYear: 2023Scope 1: 47 tCO2eRevenue: $M 5,000Scope 1 Intensity: 0.01 tCO2e/$MBlue Owl CapitalYear: 2024Scope 1: 6 tCO2eRevenue: $M 2,308Scope 1 Intensity: 0.00 tCO2e/$MHanover Insurance GroupYear: 2022Scope 1: 5,023 tCO2eRevenue: $M 5,433Scope 1 Intensity: 0.92 tCO2e/$MInvescoYear: 2024Scope 1: 585 tCO2eRevenue: $M 6,068Scope 1 Intensity: 0.10 tCO2e/$MAAArtisan PartnersYear: 2024Scope 1: 106 tCO2eRevenue: $M 1,112Scope 1 Intensity: 0.10 tCO2e/$MSEI InvestmentsYear: 2023Scope 1: 117 tCO2eRevenue: $M 1,921Scope 1 Intensity: 0.06 tCO2e/$MTTTPGYear: 2023Scope 1: 287 tCO2eRevenue: $M 1,817Scope 1 Intensity: 0.16 tCO2e/$MApollo Global ManagementYear: 2024Scope 1: 1,231 tCO2eRevenue: $M 26,136Scope 1 Intensity: 0.05 tCO2e/$MHartford Insurance GroupYear: 2023Scope 1: 6,767 tCO2eRevenue: $M 24,333Scope 1 Intensity: 0.28 tCO2e/$MCarlyle GroupYear: 2024Scope 1: 975 tCO2eRevenue: $M 3,402Scope 1 Intensity: 0.29 tCO2e/$MEEEquitable HoldingsYear: 2024Scope 1: 1,548 tCO2eRevenue: $M 12,434Scope 1 Intensity: 0.12 tCO2e/$MKKR & CoYear: 2022Scope 1: 786 tCO2eRevenue: $M 5,567Scope 1 Intensity: 0.14 tCO2e/$MRaymond James FinancialYear: 2022Scope 1: 392 tCO2eRevenue: $M 10,859Scope 1 Intensity: 0.04 tCO2e/$MAAAllianceBernstein HoldingYear: 2024Scope 1: 278 tCO2eRevenue: $M 462Scope 1 Intensity: 0.60 tCO2e/$MNorthern TrustYear: 2021Scope 1: 1,797 tCO2eRevenue: $M 6,464Scope 1 Intensity: 0.28 tCO2e/$MBlackRockYear: 2023Scope 1: 6,689 tCO2eRevenue: $M 17,861Scope 1 Intensity: 0.37 tCO2e/$MAmeriprise FinancialYear: 2023Scope 1: 5,534 tCO2eRevenue: $M 15,536Scope 1 Intensity: 0.36 tCO2e/$MAres CapitalYear: 2021Scope 1: 47 tCO2eRevenue: $M 1,681Scope 1 Intensity: 0.03 tCO2e/$MT Rowe Price GroupYear: 2024Scope 1: 1,845 tCO2eRevenue: $M 7,093Scope 1 Intensity: 0.26 tCO2e/$MAffiliated Managers GroupYear: 2022Scope 1: 601 tCO2eRevenue: $M 2,329Scope 1 Intensity: 0.26 tCO2e/$MState StreetYear: 2024Scope 1: 4,813 tCO2eRevenue: $M 12,917Scope 1 Intensity: 0.37 tCO2e/$MBROOKFIELD ASSET MANAGEMENTYear: 2024Scope 1: 322 tCO2eRevenue: $M 482Scope 1 Intensity: 0.67 tCO2e/$MAmerican International GroupYear: 2024Scope 1: 8,258 tCO2eRevenue: $M 27,272Scope 1 Intensity: 0.30 tCO2e/$MBlackstoneYear: 2024Scope 1: 466 tCO2eRevenue: $M 10,939Scope 1 Intensity: 0.04 tCO2e/$MPrincipal Financial GroupYear: 2024Scope 1: 5,015 tCO2eRevenue: $M 16,130Scope 1 Intensity: 0.31 tCO2e/$M

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 tCO₂e per millions USD. Compared to the peer group median of 0.21 , 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 tCO₂e 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

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