Originally published in Principal Financial Group 2024 Sustainability Report
Our approach
Encouraging Principal employees to bring their passions and purpose to work is the core of the Principal For Good program, which connects them to our philanthropic culture through volunteering opportunities and giving program. The program draws on the expertise and resources of the business to strengthen communities and create lasting impact in the cities where our employees live and work.
True to our culture, our participants supported 5,330 causes across 30 countries and volunteered over 95,616 hours. By dedicating their time, expertise, and resources, Principal employees made significant contributions to the communities near and far. They took part in a variety of activities such as giving to community- based organizations through match giving and Dollars for Doers programs, packaging food and hygiene kits for underprivileged families and unhoused individuals, and mentoring school children and young people
Philabundance
In 2024, 44 Principal volunteers came together and volunteered over 285 hours, donated thousands of pounds of food, and raised funds to fight hunger in the Greater Philadelphia area with Philabundance through Preston & Steve’s Camp Out for Hunger.
This weeklong food drive, which has become the nation’s largest single location food drive, is a great display of the employee volunteer culture at Principal and our commitment to supporting the communities where our employees live and work.
Principal Malaysia
As stewards of the environment, we recognize the importance of sustainability and are committed to making a positive impact in our communities around the globe. Our employees’ passions came to life once again, as part of the celebration of the new eco-friendly office in Kuala Lumpur, Malaysia. In collaboration with Free Tree Society, an environment organization dedicated to changing the way people interact with the planet, 60 employees volunteered over 236 hours, planting trees in the Taman Tugu Forest. Their efforts not only contributed to creating green spaces for the community but also helped improve air quality and the local ecosystem for future generations.
Our actions and performance in 2024
In 2024, Principal employees supported our communities with:
- 95,616 volunteer hours logged by eligible users
- $6.2M matching dollars given to eligible organizations by Principal® Foundation
To learn more, read the Principal Financial Group 2024 Sustainability Report.
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.
About Principal® Foundation
Principal® Foundation is a duly recognized 501(c)(3) non-profit entity focused on providing philanthropic support to programs that build financial security in the communities where Principal Financial Group, Inc. (“Principal”) operates. While Principal Foundation receives funding from Principal, Principal Foundation is a distinct, independent, charitable entity.
