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Sustainability Governance, ethics, & risk

Governance, ethics, & risk

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Good governance

Good governance has been an important part of our heritage and our success. Each generation of management is committed to ensuring Principal is governed well to build transparency, accountability, and effective risk management, fostering trust with our customers and shareholders.

Board diversity

Our Board reaps the benefits of diversity and sees this as an essential element to a robust understanding of customers, opportunities, issues, and risks.

11/12

Independent directors

Graph showing "Board diversity" with 11 of 12 being independent directors.

5/12

Female directors

Graph showing "Board diversity" with 5 of 12 being female directors.

4/12

Directors who are people of color

Graph showing "Board diversity" with 4 of 12 directors who are people of color.

2/12

Directors who are diverse in their national origin

Graph showing "Board diversity" with 2 of 12 directors who are diverse in their national origin.
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Ethics

We have built a strong reputation for being an ethical and trustworthy company. We enforce anti-bribery and anti-corruption practices and policies and show honesty and integrity as we interact with our customers, business partners, and each other.

Our Ethics and Compliance Program is grounded in our core value of doing what’s right. To maintain high ethical standards, we reinforce the understanding of and adherence to our Global Code of Conduct, related policies, and legal and regulatory requirements across the organization by delivering education, training, and conducting risk assessments.

Read our Global Code of Conduct.

Recognized as a 2024 World’s Most Ethical companies honoree

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Cybersecurity and data privacy

Protecting the confidentiality of the personal data entrusted to us by our customers, employees, and business partners is of utmost importance to us. That’s why we take proactive approaches to keep our systems secure, continually assess for emerging risks, and ensure employees are sufficiently trained on handling sensitive information.

Our Privacy Center now makes it easier for individuals to understand both our privacy practices and how they can exercise their personal data rights in accordance with applicable law.

Visit our Privacy center.

SecurityScorecard provides organizations easy-to-understand graded scorecards for improved communication, reporting, and informed decision making to address cybersecurity risks across their externally facing digital footprint.

2023 highlights

99.9%

of active employees completed training on our Global Code of Conduct

13th time

Principal has been recognized for its ethical leadership and business practices by Ethisphere

99%

of global employees completed global privacy training

2023 Sustainability report

Read more about our commitment to sustainability.

Download full report (PDF)

Our work supports the following UN Sustainable Development Goal:

Goal 17: Partnerships for the goals

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