Global inclusion

We're creating and maintaining a work environment based on integrity, respect, community, and trust that enables employees to contribute to their full potential and to do their best work for our customers. It helps us deliver on our purpose, makes us a better company, and is simply the right thing to do.

Picture demonstrating our commitment to receiving at least an 80% inclusion index score annually

Our commitment

We'll receive at least an 80% inclusion index score annually, encompassing employee engagement, comfort, value, and respect throughout our talent pipeline.

Our commitment contributes directly to the following UN Sustainable Development Goals:

Goal 5: Gender equality Goal 8: Decent work and economic growth Goal 10: Reduced inequalities

Employee engagement index

Transparent communication produced a surge in trust and dedication amid the pandemic.

Inclusivity in the workplace

We are building a more inclusive workforce, knowing that this will help us attract talent, increase employee engagement, and develop the next generation of leaders.

Inclusion index

Annually, our goal is to reach an Inclusion Index score of 80% or above. Our Inclusion Index measures culture of learning and trying new things.

Diversity in leadership

Principal has a long-standing commitment to diversity and inclusion: Principal added our first female board member almost 50 years ago, and we’ve had minorities on our Board for more than 20 years. Our longest-serving female board member joined in 1992.

Today, 42% of our C-Suite are women, and women and minorities make up 62% of the members of our Board. We have 10 employee resource groups that are highly focused on cultivating relationships and contributing to business growth.

Learn about diversity in our workforce.

Executive Inclusion Council

Our commitment to diversity and inclusion starts at the top. Dan Houston, our chairman, president and CEO, serves as sponsor of our Executive Inclusion Council. This team, comprised of cross-functional business leaders, are the guardians of our global inclusion strategy. Principal senior management and Human Resources Committee of the Board of Directors make diversity and inclusion a priority and are updated regularly on our progress.

In our business practices

Our focus on diversity and inclusion is central to how we operate as a global company with a purpose of helping more people achieve financial security throughout their lives. Our specific measures include:

Accessible financial products

We provide affordable and user-friendly products and services to people from many backgrounds. We seek ways to broaden the accessibility of financial products through research, product design, and distribution pathways.

Supplier diversity program

Principal actively supports and facilitates the purchase of products and services from businesses owned or operated by individuals representing varied demographics. Our goal is to source at least 9% of our total spend in the U.S. from diverse suppliers. Learn more about our supplier diversity program.

Our sustainable sourcing efforts support our work in supplier diversity. Learn more about our sustainable sourcing practices.

Inclusive marketing practices

We work to ensure that all customers see themselves in our marketing materials, feel that Principal aligns with their values, and feel empowered to pursue their personal and professional goals.

Digital innovation

We’ve developed products, mobile apps, websites, and more, to help us reach millions of people, including populations in typically underserved customer groups and in developing or emerging markets.

In our communities

Principal also has a longstanding relationship with the Iowa office of Jobs for America’s Graduates network (iJAG). iJAG’s mission is to provide support, skill development, and opportunities for underrepresented students at the highest risk of disengaging from school. Employees at all levels and areas of the organization participate as trainers, guest speakers, and mentors at schools across Iowa. Our employees volunteer to meet with students and teach resume building, college and career optioning, interview skills, and financial literacy.

Photo illustrating that we volunteer in our communities.
Photo demonstrating that employee development is at the heart and soul of our company.

Related Topic

Employee engagement

Talented employees are the heart and soul of our company. Their success is our success.

Goal 5: Gender equality Goal 8: Decent work and economic growth Goal 10: Reduced inequalities
Go to employee engagement

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