Month: July 2024

At MPC, we use proactive measures designed to protect plant and animal species in areas where we operate. Our Operational Excellence Management System (OEMS) provides us with a framework to account for the potential effects of our activities on ecosystems and determine the best way to mitigate those effects.

This is particularly important at our subsidiary, Marathon Pipe Line, which manages large amounts of land along our pipeline rights-of-way.

“While Marathon Pipe Line’s prior right-of-way clearing program maintained regulatory compliance, it did not address any vegetation structure,” said Julie Beaschler, Senior Right of Way Specialist and Right of Way Maintenance Process Leader – Sustainable Landscapes. “Now, by enhancing the right of way with native vegetation and pollinator-friendly wildflowers, we are benefiting at-risk species like the monarch butterfly.”

Here’s how we mitigate biodiversity impacts throughout the pipeline life cycle:

Incorporating species preservation into operational approaches, including voluntarily adopting both temporary and permanent changes to prioritize endangered species and their critical habitats.Developing our construction schedules to avoid disrupting species migration, spawning, nesting and other activities.Being mindful of pesticide and herbicide types, volumes and timing of use to reduce impacts to compatible vegetation that supports pollinators and wildlife.Implementing conservation mowing on select pipeline rights of way to avoid disrupting population dynamics such as breeding, feeding and reproductive behaviors.Restoring all disturbed areas to pre-construction conditions by seeding/hydroseeding with native seed mixes.Adhering to weed management plans to keep previously disturbed areas free of invasive and non-native weeds.Conducting post-construction surveys and research to verify sensitive areas have been appropriately restored.Monitoring wetland and waterway crossing sites on pipeline rights of way to confirm they are fully restored and functioning.Training affected employees and contractors about biodiversity and maintaining assets in sensitive areas.Using signage to indicate sensitive areas.

Learn more in the Biodiversity section of our Sustainability Report.

DES MOINES, Iowa, July 10, 2024 /3BL/– The Principal Financial Group® Veterans Employee Resource Group received a Governor’s Volunteer Award from Governor Kim Reynolds and Lt. Governor Adam Gregg during a special recognition ceremony held Tuesday, June 25 in Ankeny.

The group was nominated by the Iowa Veterans Home for their decades long work coordinating flag placement at the Veterans Cemetery for Memorial Day and Veterans Day every year. In recent years the group has also worked to clean gravestones in addition to their flag placement duties.

“Principal has a long-standing tradition of supporting those who serve for us in uniform. We are proud of our dedicated employees with their long-standing acts of service at the Iowa Veterans Cemetery.” Jon Couture, executive vice president and chief human resources officer. “While we are honored to receive this recognition, our volunteerism at the Veterans Cemetery is driven by our commitment to the veterans and their families.”

 Coordinated by Volunteer Iowa, a bureau within the Iowa Department of Health and Human Services (Iowa HHS), the Governor’s Volunteer Award program—now in its 40th year—provides an easy way for Iowa nonprofits, charitable organizations, and government entities to honor their volunteers with a prestigious, state-level award. 

“Those being recognized are the people who invest in others without expecting anything in return—except, of course, for the fulfillment that comes from doing their part to give back to their community,” said Gov. Kim Reynolds. “This collective impact is nothing short of remarkable.”

About Principal Financial Group®    

Principal Financial Group® (Nasdaq: PFG) is a global financial company with 20,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for 145 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 Companies2, a member of the Bloomberg Gender Equality Index, and named as a “Best Places to Work in Money Management3.” Learn more about Principal and our commitment to sustainability, inclusion, and purpose at principal.com.    

1 As of March 31, 2024    
 2 Ethisphere, 2024     
 3 Pensions & Investments, 2023 

© 2024 Principal Financial Services, Inc.

 About Volunteer Iowa

Volunteer Iowa—a bureau within Iowa HHS–and its partner agencies work with organizations and individuals on three main fronts. The first is to help agencies develop quality programs that use service as a strategy to fulfill their missions and address Iowa’s greatest areas of need. The second is to help engage Iowans in their communities by promoting service and expanding the volunteer base. Finally, the third area of work is to connect individuals with appropriate service opportunities by building volunteer infrastructure. More information is available at volunteeriowa.org. 

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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.​

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