Principal Financial

Principal Asset Management
Iowa
Diversified Financials, Insurance

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Principal Financial, an insurance and investment company, vets vendors for LGBTQ policies and does not provide viewpoint protections for its employees. However, it has not publicly terminated business relationships based on views or beliefs. The company covers the cost of "medically necessary transition-related care" for its employees and their children. Principal Financial frequently uses its reputation and corporate funds to support gender ideology. The company is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. However, it does not discriminate against religious organizations in its charitable giving and has not lobbied ideological purposes. For these reasons, Principal Financial receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Principal Financial received a score of 100 on the Human Rights Campaign’s (HRC) Corporate Equality Index. Among other requirements, this means Principal Financial has pledged to vet vendors based on LGBTQ policies (1)(2). However, it has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Principal Financial does not discriminate against religious organizations in its employee matching. However, it will only match donations to religious organizations that provide non-sectarian services (1). It focuses its charitable donations on groups that primarily help with financial security and stability (2).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Principal Financial does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Principal Financial signed an open letter in support of the Equality Act (1). The company advocated against the Religious Freedom Restoration Act in Iowa (2). Its CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (3). CEO Daniel J. Houston is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (4)(5).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Principal Financial has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). It is also a corporate partner of the National LGBT Chamber of Commerce (3).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Principal Financial does not operate a PAC at this time and has not lobbied for ideological purposes (1)(2)(3).

All links were last accessed and all information was updated on:
December 5, 2023

Company reports are intended for educational use only. Full Disclaimer

Generate Reports
Clear
Toast

This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy.

Accept