Month: July 2023

DES MOINES, Iowa, July 12, 2023 /3BL/ – Principal Financial Group® was named on the list of the “Best Places to Work for Disability Inclusion” after earning a 100 score on the 2023 Disability Equality Index® (DEI), the world’s most comprehensive benchmarking tool for companies to measure disability workplace inclusion against competitors.

The 2023 DEI measured performance in the categories of Culture & Leadership; Enterprise-Wide Access; Employment Practices including benefits, recruitment, employment, education, retention and advancement, and accommodations; Community Engagement; and Supplier Diversity. Each company receives a score on a scale of zero to 100. Principal has earned a top score of “100” for four years in a row.

“Our people are our greatest asset,” said Miriam Lewis, chief inclusion officer at Principal. “Employees come from a variety of experiences and backgrounds and bring with them different strengths. We’re focused on removing barriers and giving people what they need to succeed so every employee feels valued and can contribute to our culture and positive business outcomes.”

The DEI is a joint initiative of the American Association of People with Disabilities (AAPD), the nation’s largest disability rights organization, and Disability:IN, the global business disability inclusion network, to collectively advance the inclusion of people with disabilities. It was first launched in 2015 to help businesses make a positive impact on the unemployment and underemployment of people with disabilities.

“Principal participates in benchmarking tools like the DEI because it helps us in our pursuit to identify meaningful ways to build upon our current practices and ultimately make our workplace more accessible,” Lewis said. Learn more about the DEI at: www.DisabilityEqualityIndex.org.

Learn more about the ways Principal supports equity and inclusion here: Global inclusion | Principal.

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About Principal Financial Group® 
Principal Financial Group® (Nasdaq: PFG) is a global financial company with 19,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for more than 140 years, we’re helping more than 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 as one of the 2023 World’s Most Ethical Companies® by Ethisphere2, a member of the Bloomberg Gender Equality Index, and a “Best Places to Work in Money Management3.” Learn more about Principal and our commitment to building a better future at principal.com.

1 As of March 31, 2023 
2 Ethisphere, 2023 
3 Pensions & Investments, 2022

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.

Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and services marks of Principal Financial Services, Inc., in various countries around the world.

©2023 Principal Financial Services, Inc.

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Media Contact: Sara Bonney, bonney.sara@principal.com, 515-878-0835

Early building sustainability planning maximizes the opportunities to conserve resources, enhance resiliency, and reduce operating costs while being mindful of the project’s overall timeline and budget.

Biopharma and F&B manufacturers are taking concrete action to positively impact our planet and the health and well-being of those on it. Across these industries, manufacturers are reducing greenhouse gas (GHG) emissions, using water more efficiently, and developing facilities with the employee’s wellness in mind. In addition to satisfying corporate sustainability goals and shareholder demand, implementing sustainable strategies makes good business sense.

But how do you develop a sustainable manufacturing facility in an energy and resource-heavy plant with unique FDA requirements? The key is in your early-stage planning. A good way of ensuring the primacy of sustainability within your future manufacturing facility is to convene a sustainability charrette during a project’s early design phases. This collaborative process brings key stakeholders together to align on the project’s priorities and to budget for, clearly communicate, and develop a realistic path to meet sustainability goals.

How does sustainability impact your building’s design?

Sustainable design goals can influence every aspect of your facility’s development, from site selection and utility requirements to air change rates and the final coat of paint selected. This is especially true if you aim for ambitious sustainability goals, like saving millions of gallons of water per year or achieving a net-zero carbon facility.

Early-stage alignment opens the door to big-picture decisions that can make the biggest impact, from the building’s structure to the basis of utility generation, such as reducing natural gas and water by switching from a distillation-based water-for-injection (WFI) system to one that uses ambient WFI and membrane filtration or by installing onsite renewable energy. Your project may also look to the building’s architecture and interior design to incorporate WELL building concepts, such as amenity spaces that connect employees with nature or promote the use of stairs. Including these concepts at the start means they are incorporated into the budget and timeline of the project’s baseline scope, avoiding rework or missed opportunities down the road.

Benefits of creating a project-specific sustainability plan

A successful sustainable building design does not just happen—it takes foresight, planning, and collaboration. At CRB, this begins with a sustainability charrette.

What is a charrette?

A charrette is an interactive workshop with key stakeholders that involves designing and planning a new or retrofitted building. It is a conversation between the project owners, their architecture, engineering, and construction (AEC) partners, and trade partners. The charrette occurs at the beginning of an architectural or engineering project; the earlier it occurs, the more effective it will be.

What is a sustainability charrette?

A sustainability charrette is a collaborative identification of the project’s sustainability goals and exploration of what is necessary to meet them. This includes a review of local, industry, and policy trends, established corporate sustainability goals and guides, regional priorities and project-specific scope to inform the priorities and metrics appropriate to the project. The charrette can reinforce sustainability at subsequent stages of design, construction, and operation, including future expansion or retrofits. The sustainability charrette process was developed by CRB’s Energy and Sustainability Fellow, Jeff Wegner, as a necessary first step to planning a sustainable building’s design.

Your building’s early-stage sustainability planning is critical to:

Align the project with corporate sustainability goalsAdhere to local environmental and GHG regulationsIdeate solutions to reduce GHG emissions, water, and wasteSet stakeholder expectationsMeet budget and timeline while achieving ambitious sustainability goals

Who should be involved in creating the building’s sustainability plan?

Having expertise from all areas of the project will broaden the discussion to ensure concerns are voiced, needs are met, rippling impacts are identified, and opportunities are captured. Key stakeholders in sustainability planning should always include representatives of the executive team since they will have insight into high-level initiatives and influence the project’s overarching direction. The conversation must also include project managers, facility and utility owners, and core engineering and architectural teams. Optional participants include people from maintenance, quality, or equipment suppliers.

Owner:

Executive sponsorSite leadershipProject managerProcurementConstructionFacilities maintenanceAutomation/ITQuality

Sustainability design partner:

Project sponsorProject directorDesign & construction PMsSustainability specialistsKey design leadsKey technical leadsEquipment suppliers

The structure of the charrette fosters a team atmosphere, ensuring it’s the project team as a whole indicating how to meet the project’s sustainability goals. It also serves to integrate the entire project team—project owners, AEC partners, and trade partners—to outline the ‘whys’ of the project and reach agreement on the drivers. The entire team gets the opportunity to contribute and take ownership of meeting goals.

5 steps to planning your sustainable building design

Step 1. Set the tone

At CRB, we follow a template with topics, questions, and open dialog to guide the charrette process. It allows the team to see the global, regional, local and corporate sustainability goals and factors influencing their project. The group of stakeholders is encouraged to engage and think collectively about the importance of sustainability to the project, community, and to your organization.

The process begins by defining key sustainability terms to ensure everyone has the same baseline of understanding. What is sustainability? And what are net zero carbon emissions?

We discuss industry trends, including carbon pricing and the move toward carbon neutrality and carbon zero; renewable energy standards and options for onsite renewable energy use; and potential onsite energy storage for resiliency. If a site is already selected, we may also look to that region’s natural resource sensitivities.

List of common sustainability definitions, goals and building certifications

Scope 1, 2, & 3 emissions

Carbon neutral

Net-zero carbon

LEED

WELL

Fitwel

Additional sustainability terms and goals can be found in our guide to building sustainability planning pdf.

Step 2. Identify and prioritize sustainability goals

The group collectively assesses the importance of natural resources as the foundation of your building’s sustainability goals. At times, industry-standard building certifications (e.g., LEED or WELL) may guide the conversation.

Stakeholders assess sustainability priorities and resources such as:

Building certificationsCarbon emissionsEnergy resiliencyWater useWaste reductionHealth and wellnessRefrigerant use

Discussing sustainability priorities can lead to unexpected results. For one project without any overarching corporate goals, participants were surprised to realize that reducing carbon emissions was the top priority of the entire project team. This led to a discussion of how far to reduce emissions; there was clear agreement that they wanted to achieve carbon zero.

Goal prioritization has the added benefit of resolving conflicting design strategies, pitting, for example, carbon emissions against water use. The team can reference the list of priorities set by the stakeholders and more easily reach a consensus based on what they collectively agreed was most important to the project.

Step 3. Consider project-specific factors

Each project is uniquely guided by your company’s sustainability goals, industry best practices, and challenges and opportunities specific to your project.

Design guides and best practices

We assess your company’s design guidelines, general construction practices, and corporate sustainability goals. The local project teams may already be aware of global company guidelines that can significantly impact the project design. For example, it’s common for larger companies to have existing design guides that mandate a certain percentage of renewable energy, greywater reuse, or criteria for using natural refrigerants. Expectations for external certifications, such as LEED or WELL, may also affect the project.

Project-specific challenges

Since every project—regardless of location or scope—has limitations, it’s important to identify these as early as possible to allow for more efficient decision-making and design. Specialized sectors, like biopharma and food and beverage manufacturing, possess unique design challenges. These can include:

Less flexibility in terms of what materials can be used, including the use of sustainable materials (e.g., renewable, natural, organic), which needs to be balanced with the increased risk of microbial contamination and GMP/GLP integrityCleanliness requirements sometimes necessitate the use of so-called ‘red list’ materials and those containing VOCs or high-embodied carbonExcessive energy and water use may prompt additional considerations for steam-based systems

Project-specific opportunities

Including all project owners, AEC stakeholders, and key trade partners in the goal-setting and early discussion allows multi-disciplinary identification of integrative strategies. Ideation sessions spur innovative thinking and early planning to incorporate synergies between teams. This process enables multiple goals at minimal cost compared to projects that attempt to incorporate sustainability during later design and construction phases. Concepts may include:

Onsite renewable energy, allowing grid resiliency and carbon reductionPassive ventilation to improve health and wellness while reducing energy costsProgrammatic planning to enable flexibility with in-person work to encourage health and wellness while reducing footprint and required energy costsWater reclamation from purified water generation systems to offset potable water used for non-potable needsGreen walls that encourage higher air quality and contribute to biodiversity gains

Step 4. Define and agree upon expectations

Once priorities are established, the team can start to make strategic sustainable design decisions. Expectations can then be set and agreed upon—here at CRB, we call those expectations our conditions of satisfaction. Many of the sustainability-specific conditions of satisfaction will overlap with those in the project charter. Conditions of satisfaction for sustainability may include:

BudgetSchedulingBuilding (LEED or WELL) certificationsZero carbon considerationsRenewable energyElectric grid independencePotable water targetsConstruction waste diversion rateEmbodied carbon targetsBiodiversity needs

Including conditions of satisfaction with a hierarchy of priorities provides a common destination for the entire cross-discipline team to work toward. Each team can then leverage its technical expertise to incorporate the right equipment, systems, and materials to meet the project’s sustainability goal.

Step 5. Consider future sustainability goals

It’s important to identify additional goals, whether they be lofty corporate sustainability goals or just beyond the scope of the current project. These long-term or big-picture plans may suggest a need for utility or energy master planning to align future goals with the current project’s infrastructure. For example, if you want your building to achieve carbon zero by 2030, you may need to run conduit and allocate switchgear space for future photovoltaic (PV) panels. In the case of a renovation, the next step may include equipment and utility data collection.

Early sustainability planning promotes this forward-thinking problem-solving and proactive cost-savings to meet near-term facility goals and long-term corporate goals.

When is the best time to start planning for a sustainable building’s design?

At CRB, we like to address client corporate sustainability goals as early as possible. Ideally, the sustainability charrette occurs prior to site selection or the completion of a feasibility study. This allows project owners and their partners to align the goals in the most beneficial way.

Even when the makeup of the project team is in flux or there’s a lack of time or scope before the proposal starts, it is valuable to include an evaluation of sustainability within the proposal phase, even if it has to be on a smaller scale than a full charrette.

When introduced late in the project timeline, sustainability efforts may be seen as a cost or schedule adder. Even worse, if the conversation begins at the construction phase, you may discover that the certifications or desired standards are far more difficult or expensive to attain.

Do all new development projects need a sustainability analysis?

If the project is beyond just equipment procurement or involves more than one space, the project will benefit from a sustainability charrette. Any large construction, renovation, or project with a multi-disciplinary design scope should incorporate a sustainability charrette as soon as possible.

Retrofits also benefit from sustainability charrettes

Retrofitting an existing building is almost always beneficial to meeting sustainability goals, as it minimizes new land development, reuses existing infrastructure, and reduces waste and the use of new materials. A sustainability charrette identifies the goals for the facility, the existing building, and the key stakeholders before jumping into the project. This provides an idea of how development will impact the existing infrastructure so the team can begin to establish a roadmap toward future sustainability targets.

Constraints around utilities and infrastructure during a retrofit can impact goals. As such, getting to carbon neutral on day one of operations may be difficult. Understanding the baseline use of existing utilities and when and how those are going to be phased out allows a plan to be developed for the next few years. As equipment is replaced, the facility’s sustainability goals can be achieved.

Choose experts in sustainability planning

Getting your sustainability goals right from the outset goes a long way to reducing cost, smoothing the path to market, and meeting corporate goals. Download our sustainability charrette template to get started or integrate sustainability planning into our project charter phase allows us to work with you to bring creative and innovative solutions to your projects.

Ready to achieve your building’s sustainability goals? Let’s talk.