Principal Financial Group

Life & Health Insurance

PFG

$ 72 (0.26)%

Share price

$ 17 bn

Market Cap

$ 17 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.04x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8.2% weighted average for S&P 500

FY2023

Principal Financial Group aims to achieve net zero for Scope 1 + 2 by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Principal Financial Group reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 25 Kt (+1.1/+4.7% y-o-y). At the sime time, carbon intensity declined to 1.5 t (-0.2 /-11.8% y-o-y).

No public disclosure of Scope 3 emissions has been found for Principal Financial Group at the moment.

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -0.91 Kt per annum over the period of FY2023 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	25	5.1	20	17,492	1.5
2021Q4	24	4.1	20	14,263	1.7
2020Q4	22	4.5	17	14,742	1.5
2019Q4	31	6.6	24	16,222	1.9
2018Q4	38	6.7	32	14,237	2.7

Principal Financial Group

Carbon footprint

Primary Climate Goal

Principal Financial Group aims to achieve net zero for Scope 1 + 2 by 2050

GHG emissions and Carbon intensity

Principal Financial Group's carbon footprint

Company environmental metrics