Principal Financial

Insurance

Risk Level:

Rating - Clear
Lower Risk

Summary:

Principal Financial does not give funds to ideological advocacy groups or causes hostile to freedom of expression, nor does it discriminate against faith-based charities in its charitable giving. The company has signed a letter supporting the Equality Act but otherwise does not use its corporate image to advance an agenda. While it vets vendors for LGBTQ policies, Principal Financial has not publicly terminated any business relationships due to views or beliefs. For these reasons, Principal Financial receives a "Lower 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 has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means Principal Financial has pledged to vet vendors based on LGBTQ policies  (1).

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 focuses its charitable donations on groups that primarily help with financial security and stability but also has volunteerism options with charities of Principal’s choice. The company does not prohibit donations to faith-based charities (1).

Criteria

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

Risk Level
Rationale

Principal Financial does not protect its employees from viewpoint discrimination (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 has signed an open letter in support of the Equality Act (1). It has not otherwise used its corporate reputation to advance ideological causes or policies hostile to freedom of expression.

Criteria

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

Risk Level
Rationale

Principal Financial does not donate to any ideological groups hostile to freedom of expression (1).

Criteria

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

Risk Level
Rationale

Principal Financial has not donated to any ideological PACs (1).

All links were last accessed and all information was updated on:
December 28, 2022

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