Principal Financial, an insurance and investment company, does not provide viewpoint protections for its employees but has not publicly terminated business relationships based on views or beliefs. Principal Financial scored a 90 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, Principal Financial increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. Principal Financial uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. 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 charitable organizations based on views or beliefs and has not lobbied for ideological purposes. For these reasons, Principal Financial receives a Medium Risk rating.