Principal Financial Group Achieves Sustainability Goals, Reports Progress

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Principal Financial Group® has announced the achievement or surpassing of its multi-year sustainability goals, as outlined in the newly released 2023 Sustainability Report.

The report highlights Principal’s advancements in corporate responsibility commitments, focusing on employee empowerment, financial inclusion, climate impact, and sustainable investing. These commitments, established in 2021, reflect the company’s dedication to fostering a resilient, inclusive, and financially secure society.

Key progress detailed in the report includes doubling the number of diverse small and midsized businesses (SMBs) served. Initially, Principal set a goal to support over 14,600 diverse SMBs and entrepreneurs by 2025. However, this goal was surpassed in 2023, with 14,745 companies served. Principal has now set a new objective to triple the number of diverse SMBs supported, aiming for a total of 30,000 by 2025.

Additionally, Principal Foundation’s investment of $18 million in 2023 is highlighted. Over the past three years, Principal Foundation has invested a total of $51 million to ensure access to essential needs, develop pathways toward economic mobility, and support financial enablement and development, with a focus on entrepreneurs, small businesses, and diverse populations.

Dan Houston, Chairman, President, and CEO at Principal, emphasized the significance of these actions, noting that they align with both customer values and the company’s commitment to expanding financial security. He underscored Principal’s dedication to advocating for financial inclusion and creating new opportunities for future generations through responsible, long-term initiatives.