Principal Financial Group, Inc. is a leading financial services company based in the United States of America. The company operates in the life insurance sector and offers a range of products and services to its customers. Founded in 1879, Principal Financial Group has grown to become one of the largest financial services companies in the world, with operations in over 80 countries.

As a responsible corporate citizen, Principal Financial Group is committed to promoting sustainability and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions and increase the use of renewable energy sources. To achieve this, Principal Financial Group has implemented a range of initiatives, including decarbonisation, corporate energy management, corporate power purchase agreements (PPAs), and renewable energy investments.

Decarbonisation is a key priority for Principal Financial Group. The company has set a target to reduce its greenhouse gas emissions by 50% by 2030, compared to 2016 levels. To achieve this, the company is implementing a range of measures to reduce its energy consumption and increase the use of renewable energy sources. These measures include energy-efficient building design, the use of LED lighting, and the installation of solar panels and other renewable energy systems.

Corporate energy management is another key area of focus for Principal Financial Group. The company has implemented a range of measures to improve the energy efficiency of its operations, including the use of energy-efficient equipment and the implementation of energy management systems. The company also conducts regular energy audits to identify areas for improvement and has set a target to reduce its energy consumption by 2% annually.

Corporate power purchase agreements (PPAs) are another important tool for Principal Financial Group in its efforts to increase the use of renewable energy sources. Through PPAs, the company can purchase renewable energy directly from a supplier, often at a lower cost than traditional energy sources. Principal Financial Group has signed several PPAs for wind and solar energy, which will help the company to achieve its target of sourcing 50% of its electricity from renewable sources by 2025.

Renewable energy investments are also a key part of Principal Financial Group's sustainability strategy. The company has invested in several renewable energy projects, including wind and solar farms, which generate clean energy and reduce the company's reliance on fossil fuels. These investments not only help to reduce the company's carbon footprint but also provide a stable source of income for the company.

In addition to its sustainability initiatives, Principal Financial Group is committed to promoting diversity, equity, and inclusion (DEI) in the workplace. The company has set a target to increase the representation of women and people of color in leadership positions and has implemented a range of measures to promote DEI, including unconscious bias training and employee resource groups.

Overall, Principal Financial Group is a leading financial services company that is committed to promoting sustainability and reducing its carbon footprint. Through its decarbonisation, corporate energy management, corporate PPAs, and renewable energy investments, the company is taking concrete steps to reduce its greenhouse gas emissions and increase the use of renewable energy sources. As a responsible corporate citizen, Principal Financial Group is setting an example for other companies to follow and demonstrating that sustainability and profitability can go hand in hand.