Principal Global Investors Receives Strong Scores in Principles for Responsible Investment Assessment

Principal Global Investors stands out among peers in implementation of environmental, social and governance issues

DES MOINES, Iowa--()--Principal Global Investors received strong scores in environmental, social and governance (ESG) based on the 2015 Principles for Responsible Investment (PRI) pilot Assessment Report. Principal Global Investors scored at or above the median in four different modules. The score for Overall Approach was an A+ (on a scale of A+ to E) and was well above the median score of B. Other modules performance:

  • Real Estate Property received a score of A, surpassing the median score of C.
  • Listed Equity Incorporation received a score of A, matching the median score.
  • Fixed Income Corporate received a score of A, beating the median score of C.
  • Fixed Income Government scored a B, exceeding the median score of E.

The PRI pilot Assessment Report shows how the activities between July 2014 and June 2015 align with strategic objectives. Principal Global Investors has been a signatory to PRI since 2010, highlighting the firm’s dedication to ESG issues. PRI works to provide a sustainable global financial system by encouraging adoption of six principles and collaboration on their implementation, fostering good governance, integrity and accountability, and addressing obstacles to a sustainable financial system within market practices, structures and regulation.

“We feel our performance is strong compared to our peers and we will continue to strive for excellence in ESG,” said Jim McCaughan, CEO of Principal Global Investors. “We are proud to support PRI and contribute to the development of a sustainable global financial system that is focused on long-term value creation.”

Principal Global Investors’ PRI Transparency Report can be found on the PRI website. The full 2015 pilot Assessment Report for Principal Global Investors is available here. Further information on the pilot Assessment Report and the assessment methodology can be found here.

About Principal Global Investors
Principal Global Investors is a diversified asset management organization and a member of the Principal Financial Group®, with expertise in equities, fixed income and real estate investments, as well as specialized overlay and advisory services. Principal Global Investors manages $346.2 billion in assets1 primarily for retirement plans and other institutional clients2.

About the Principal Financial Group
The Principal Financial Group® (The Principal®)3 is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $539.9 billion in assets under management4 and serves some 20.1 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.

1 As of June 30, 2015.
2 Principal Global Investors is the asset management arm of the Principal Financial Group® (The Principal®) and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Enterprise Capital, LLC; Liongate Capital Management LLP; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; Finisterre Capital, LLP; Origin Asset Management, LLP; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal Global Investors (Hong Kong) Ltd.; CIMB-Principal Islamic Asset Management Sdn. Bhd.; and the majority owned affiliates of Principal International, Inc. Assets under management includes assets managed by investment professionals of Principal Global Investors under dual employee arrangements with other subsidiaries of The Principal and assets managed in accordance with investment advice provided by Principal Global Investors through the delivery of a model.
3 “The Principal Financial Group” and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
4 As of June 30, 2015.

Contacts

Principal Financial Group
Media contact:
Cait Suttie, 515-362-2431
suttie.cait@principal.com

Contacts

Principal Financial Group
Media contact:
Cait Suttie, 515-362-2431
suttie.cait@principal.com