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 GHG Emissions Data Preview

In 2023, 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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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions 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 Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Principal Financial Group amounted to 26,732.8 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Principal Financial Group decreased by 19.47%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Principal Financial Group's Scope 1 Emissions Over Time

20182019202020212022202302 k4 k6 k8 ktCO2e-5%-31%-9%+24%+8%
  • Total Scope 1
  • Year-over-Year Change

What are Principal Financial Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Principal Financial Group were 5,479 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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

Since 2018, Principal Financial Group's Scope 1 emissions have decreased by 20.21%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Principal Financial Group's Scope 1 emissions increased by 7.94%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Principal Financial Group's Scope 2 emissions?

In 2023, Principal Financial Group reported Scope 2 greenhouse gas (GHG) emissions of 14,249.4 tCOâ‚‚e using the market-based method, and 21,253.8 tCOâ‚‚e using the location-based method.

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 41.9%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Principal Financial Group's Scope 2 emissions (Location-Based) fell by 24.42% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Principal Financial Group use for Scope 2 reporting?

In 2023, Principal Financial Group reported its Scope 2 emissions using the market-based method and using the location-based method.

Principal Financial Group's Scope 2 Emissions Over Time

201820192020202120222023010 k20 k30 k40 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
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