Principal® Earns 2024 ENERGY STAR® Partner of the Year Sustained Excellence Award for Seventh Consecutive Year
March 27 2024 - 9:00AM
Business Wire
Principal Asset Management℠, through its dedicated real estate
investment team, is proud to announce that it has received the 2024
ENERGY STAR Partner of the Year: Sustained Excellence Award from
the U.S. Environmental Protection Agency for the seventh
consecutive year.
“The long-standing recognition Principal® receives as an ENERGY
STAR award winner underscores our commitment to corporate
stewardship, sustainability, and responsible property investment,"
said Jennifer McConkey, managing director of sustainability and
operations, real estate, Principal Asset Management. “We strive to
deliver positive financial and sustainability outcomes for our
clients and our strong performance over the past seven years is a
testament to this work.”
Principal has been an ENERGY STAR partner since 2009 and has
earned Partner of the Year status for nine years. Principal
continues to integrate energy efficiency and greenhouse gas (GHG)
emissions reductions into its Pillars of Responsible Investing, the
overarching sustainability platform for the firm’s dedicated real
estate investment team. Principal Real Estate is continuing to
implement best practices to reach a target of a 40% reduction in
GHG emissions by the year 2035 (compared to a 2019 baseline). In
2023, Principal achieved:
- 90% of properties are actively benchmarking utility usage.
- ENERGY STAR certification at 69 properties – 31 of these were
newly certified in the previous twelve months.
- An average ENERGY STAR score of 88 for certified properties,
meaning these properties perform within the top 12% on average of
peers across the country.
Each year, the ENERGY STAR program honors a select group of
businesses and organizations that have made outstanding
contributions to energy efficiency and the transition to a clean
energy economy. ENERGY STAR award winners lead their industries in
the production, sale, and adoption of energy-efficient products,
homes, buildings, services, and strategies. These efforts have
saved more than 5 trillion kilowatt-hours of electricity over the
past 30 years.
Winners are selected from a network of thousands of ENERGY STAR
partners. For a complete list of 2024 winners and more information
about ENERGY STAR’s awards program, visit
energystar.gov/awardwinners.
Learn more about the Principal commitment to responsible
property investing.
About Principal Asset Management℠
With public and private market capabilities across all asset
classes, Principal Asset Management and its investment specialists
look at asset management through a different lens, creating
solutions to help deliver client investment objectives. By applying
local insights with global perspectives, Principal Asset Management
identifies distinct and compelling investment opportunities for
more than 1,100 institutional clients in over 80 markets.1
Principal Asset Management is the global investment solutions
business for Principal Financial Group® (Nasdaq: PFG), managing
$540 billion in assets1 and recognized as a “Best Places to Work in
Money Management”2 for 12 consecutive years.
[1] As of December 31, 2023 [2] Pensions & Investments, “The
Best Places to Work in Money Management”, among companies with
1,000 or more employees, December 12, 2023
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy
efficiency, providing simple, credible, and unbiased information
that consumers and businesses rely on to make well-informed
decisions. Since 1992, ENERGY STAR and its partners helped American
families and businesses avoid more than $500 billion in energy
costs and achieve more than 4 billion metric tons of greenhouse gas
reductions. More background information about ENERGY STAR’s impacts
can be found at www.energystar.gov/impacts.
©2024 Principal Financial Services, Inc., Principal®, Principal
Financial Group®, Principal Asset Management, and Principal and the
logomark design are registered trademarks and service marks of
Principal Financial Services, Inc., a Principal Financial Group
company, in various countries around the world and may be used only
with the permission of Principal Financial Services, Inc. Principal
Asset Management℠ is a trade name of Principal Global Investors,
LLC. Principal Real Estate is a trade name of Principal Real Estate
Investors, LLC, an affiliate of Principal Global Investors.
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Ashley Miller, 515-878-6295, miller.ashley@principal.com
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