How we're setting the standard for environmental leadership
Principal® has made the following commitments through CDP’s Road to Paris 2015 project, which is bringing together companies that want to demonstrate leadership in addressing climate change in the hope that this will help deliver an ambitious international agreement at the 2015 United Nations Climate Change Conference in Paris (COP 21).
- Committed to provide climate change information in mainstream corporate reports using the CDSB Climate Change Reporting Framework.
- Financial markets currently lack comprehensive and comparable climate-related data in annual and other mainstream corporate reports, and this information is crucial toward ensuring the efficient allocation of capital needed for strong and sustainable economic growth.
- Committed to setting emissions reduction targets that are aligned with climate science. These targets will help achieve the reductions necessary to stay within a global 2°C temperature increase from pre-industrial levels.
- By setting and working toward these targets, Principal will significantly reduce its emissions, while also driving innovation and raising its ambition on climate issues to the level needed to transition to a low-carbon, sustainable economy.
Advocate and take action
Here are some of the other ways we advocate—and take action—for environmental responsibility across the organization.
- We built one of the first LEED® certified buildings in Des Moines.
- Principal Child Development Center earned Gold LEED certification in 2009. And not only is it a Gold LEED certified building, but it incorporates environmentally friendly practices into the learning curriculum, ensuring the children attending the center understand the importance of conservation and the environment.
- We’ve received LEED Group certification on two of the office building on our downtown Des Moines campus, and are pursuing certification for a third building
- We were the first to sponsor a carbon-neutral Champions Tour golf tournament.
- In 2011, Principal Charity Classic became the first tournament on the Champions tour to be carbon-neutral—with our Shoot for Zero initiative.
- We participate in Natural Capitalization programs in Des Moines, the CDP and the Business Roundtable's S.E.E. Change initiatives.
- These voluntary programs encourage companies to share sustainable solutions and provide the opportunity to disclose greenhouse gas emissions, water management and climate change strategies.
- We're featured in Business Roundtable's 2017 Sustainability Report - Create, Grow, Sustain: Delivering Shared Success
- Page 127 features Dan Houston, Chairman, President, and CEO, highlighting our sustainability efforts.
- Our sustainability efforts are also featured in EcoCore, a publication by Des Moines' Downtown Community Alliance.
- In 2017, we implemented a composting program for food prep areas in all cafés. In the first month alone, 5,500 pounds was composted.
- We’re actively working to reduce our CO2e emissions.
- By the end of 2017, we achieved a 29% reduction in carbon emissions compared to our 2011 baseline.
- We're saving energy.
- By the end of 2014, we reduced our energy consumption by nearly 10% compared to our 2011 baseline, resulting in more than $1.5 million in cumulative cost savings
- We’re continuing our campus renovations with sustainability as a top priority.
- Recycling. To date, we’ve recycled more than 90% of the materials removed – metals, carpet, drywall, furniture, etc.
- Energy. The first building to be renovated was designed to an ENERGY STAR Design score of 94.
- LEED. Our headquarters building was designed to achieve LEED New Construction.
- We’ve boosted our recycling efforts and strengthened internal communications.
- Our enhanced recycling program includes new containers, better signage, more effective communications and improved processes for greater consistency and increased landfill diversion across our campus
- We currently divert more than 70% of ongoing waste from landfills.
- We’ve created a cross-functional employee Green Team to address environmental and sustainability efforts at a grass roots level.