Principal® named one of the 2024 World’s Most Ethical Companies by Ethisphere

Rhea-AI Summary

Principal Financial Group has been recognized as one of the World’s Most Ethical Companies by Ethisphere for the 13th time. The company's ethical leadership and business practices have been acknowledged since 2006. With 136 honorees from 20 countries and 44 industries, the 2024 list shows that the recognized companies outperformed a global index by 12.3 percentage points from 2019 to 2024. Principal's commitment to ethics, as demonstrated by their programs and practices, has enabled them to positively impact employees, customers, and communities worldwide.

DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Financial Group^® has been once again named one of the World’s Most Ethical Companies by Ethisphere. The company’s inclusion in the 2024 list makes the 13^th time Principal^® has been recognized for its ethical leadership and business practices since the Ethisphere list launched in 2006.

“Ethics and integrity are central to who we are and who we have been for the past 145 years,” said Dan Houston, chairman, president, and chief executive officer at Principal. “Today, more than 62 million customers entrust us with their financial security and our nearly 20,000 employees around the world honor that trust each day by diligently doing the right things in the right way. Being one of Ethisphere’s 2023 World’s Most Ethical Companies is especially meaningful because it acknowledges our commitment to ethical business practices and programs that enable us to deliver a positive impact on our employees, customers, and communities around the world.”

This year, 136 honorees were recognized from across 20 countries and 44 industries. The listed 2024 World’s Most Ethical Companies^® Honorees outperformed a comparable index of global companies by 12.3 percentage points from January 2019 to January 2024 according to Ethisphere’s Ethics Index metrics.

Methodology & Scoring

The World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics Quotient^®, an extensive questionnaire that requires companies to provide over 240 different proof points on their culture of ethics; environmental, social, and governance (ESG) practices; ethics and compliance program; diversity, equity, & inclusion; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year's group of applicants. This process serves as an operating framework to capture and codify truly best-in-class ethics and compliance practices from organizations across industries and from around the world.

About Principal Financial Group

Principal Financial Group^® (Nasdaq: PFG) is a global financial company with nearly 20,000 employees¹ passionate about improving the wealth and well-being of people and businesses. In business for more than 140 years, we’re helping approximately 62 million customers¹ plan, protect, invest, and retire, while working to support the communities where we do business, and build a diverse, inclusive workforce. Principal^® is proud to be recognized a member of the Bloomberg Gender Equality Index, and a “Best Places to Work in Money Management².” Learn more about Principal and our commitment to building a better future at principal.com.

¹ As of December 31, 2023
² Pensions & Investments, 2022

About Ethisphere

Ethisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, deliver business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies build strong cultures of ethics and integrity. Ethisphere honors superior achievement through its World's Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA}, and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere also advances business performance through data-driven assessments, guidance, and benchmarking against its unparalleled data: the Culture Quotient dataset reflecting the ethical business practices of 3+ million employees around the world; and the Ethics Quotient dataset, featuring 240+ data points on the ethics, compliance, social, and governance practices of the World's Most Ethical Companies. For more information, visit https://ethisphere.com.

Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Company®. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.​

View source version on businesswire.com: https://www.businesswire.com/news/home/20240304066529/en/

Media Contact: Megan Grandgeorge, Grandgeorge.megan@principal.com, 515-878-1146

Source: Principal Financial Group

FAQ

How many times has Principal Financial Group been named one of the World’s Most Ethical Companies by Ethisphere?

Principal Financial Group has been recognized as one of the World’s Most Ethical Companies by Ethisphere for the 13th time.

What is the significance of Principal Financial Group's inclusion in the 2024 list of World’s Most Ethical Companies by Ethisphere?

Principal Financial Group's inclusion in the 2024 list marks the 13th time they have been acknowledged for their ethical leadership and business practices since 2006.

How many honorees were recognized in the 2024 list of World’s Most Ethical Companies?

This year, 136 honorees were recognized from across 20 countries and 44 industries in the 2024 list of World’s Most Ethical Companies.

By how much did the 2024 World’s Most Ethical Companies outperform a comparable global index according to Ethisphere's Ethics Index metrics?

The listed 2024 World’s Most Ethical Companies Honorees outperformed a comparable index of global companies by 12.3 percentage points from January 2019 to January 2024 according to Ethisphere’s Ethics Index metrics.

What is the methodology behind the World's Most Ethical Companies assessment by Ethisphere?

The assessment is grounded in Ethisphere's proprietary Ethics Quotient, requiring companies to provide over 240 proof points on their culture of ethics, ESG practices, ethics and compliance program, diversity, equity, inclusion, and value chain initiatives.