Securities offered through Principal Securities, Inc., 80, member SIPC and/or independent broker/dealers. is distributed by Principal Funds Distributor, Inc. Plan administrative services offered by Principal Life. Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co. Principal ® is proud to be recognized as one of the World’s Most Ethical Companies 3, a member of the Bloomberg Gender Equality Index, and a Top 10 “Best Places to Work in Money Management 4.” Learn more about Principal and our commitment to sustainability, inclusion, and purpose at. In business for more than 140 years, we’re helping more than 45.5 million customers 2 plan, insure, invest, and retire, while working to support the communities where we do business, improve our planet, and build a diverse, inclusive workforce. Principal Financial Group ® (Nasdaq: PFG) is a global financial company with 18,000 employees 1 passionate about improving the wealth and well-being of people and businesses. More information about how Principal is advocating for and advancing ESG programs is available at /sustainability. for the sustainability bond, which drew the interest of over 60 investors. served as sole sustainability structuring agent and joint book runner with BofA Securities, Inc. A business is only eligible if 90% or more of its revenue is derived from activities and criteria that aligns with U.N. Under the terms of a five-year funding agreement-backed notes (FABN) through Principal Life Global Funding II, Principal will reinforce its corporate responsibility commitments by allocating bond proceeds towards eligible green and social initiatives such as green buildings, renewable energy, energy efficiency, sustainable water practices, clean transportation, pollution prevention and control, living natural resources, financial inclusion, health and education services, affordable housing, and socioeconomic advancement and empowerment.Īccording to the Principal Sustainable Financing Framework, eligible assets may include existing or future investments that meet defined criteria to help advance United Nations Sustainable Development Goals (U.N. “The issuance of a sustainability bond gives us an additional pathway to stimulate positive change in areas we believe we can have the greatest impact for the customers we serve and the communities where we work.” “Principal ® is committed to being sustainable in our actions and solutions, and intentional in how we’re making progress toward our purpose,” said Deanna Strable, executive vice president and chief financial officer for Principal Financial Group. Principal Financial Group ® issued its first sustainability bond on August 16 in the amount of $600 million as part of the company’s commitment to integrating and advancing Environmental, Social, and Governance (ESG) practices and initiatives in its organization and operations.
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