Pillars of responsible property investing: Driving positive change

Awards & recognition

Principal Real Estate Investors has a long-standing commitment to corporate stewardship and an established track record in responsible property investing. Our Pillars of Responsible Property Investing (PRPI) platform helps drive asset management and fiduciary governance and aims to deliver positive financial and environmental results.

We are very proud of what we have achieved through our platform to date and the recognition we have received.

ENERGY STAR® Partner

The U.S. Environmental Protection Agency’s ENERGY STAR Partner of the Year Award recognizes organizations with superior energy management and performance.

  • Awarded three consecutive ENERGY STAR® Partner of the year awards (2016-2018), including our first Sustained Excellence Award in 20181
  • Became an ENERGY STAR Partner in 2013

GRESB

GRESB, the global benchmark for real assets, compares real estate funds based on their environmental, social, and governance policies, management, and performance.

  • Our core-plus commingled real estate strategy and our core property strategy earned a GRESB Green Star designation for the fifth year in a row (2014-2018) and a 4-star designation for the third year in a row (2016-2018)2
  • In 2018, both strategies placed in the top 10 of their peer group, outperformed peers on 6 out of 8 GRESB aspects, and received a perfect score in three GRESB aspects (Management, Policy & Disclosure, and Risks & Opportunities)3
  • Became a GRESB member in 2014

U.S. Department of Energy

We have collaborated with the U.S. Department of Energy in several programs to support advancements in energy efficiency and green buildings.

  • Recognized as a Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy’s Better Buildings Alliance (2017)4
  • Became a charter member of the U.S. Department of Energy Data Lab and a leading participant in a pilot study on the link between real estate sustainability and improved financial performance (2016)
  • Joined the U.S. Department of Energy’s Better Buildings Alliance in 2014

Principles for Responsible Investment (PRI)

Direct Property Module

The PRI assessment ranks companies based on their environmental, social, and governance policies and procedures in the management of real estate assets.

  • A+ band rating for second consecutive year in 2018, the highest possible rank awarded by PRI5
  • Received 52 out of 54 maximum points and outperformed peers in all 7 Property Module sections (2018)5

CDP Climate Performance Leader

The CDP ranks companies on their disclosure, awareness, management, and leadership around climate change.

  • Named a CDP S&P 500 Climate Performance Leader for the fifth year in a row (2017) and ranked in the A- band for 2017 performance6

Environmental, social, and governance achievements

  • Named one of the World’s Most Ethical Companies for the eighth time by Ethisphere Institute (2018)7
  • Certified as a Great Workplace by Great Places to Work (2018)8
  • Ranked #1 Best American Employer for Women by Forbes (2018)9
  • Named among America’s top companies for lesbian, gay, bisexual and transgender (LGBT) equality, by earning a perfect 100 percent score on the Human Rights Campaign Foundation’s 2018 Corporate Equality Index (CEI)10
  • Named one of the National Association for Female Executives (NAFE) Top Companies for Executive Women by the NAFE for the 17th time (2018)11
  • Ranked 184 out of 500 U.S. firms in the Newsweek Green Rankings (2017)12
  • Named among the best places to work by Pensions & Investments annual survey of “Best Places to Work in Money Management” for the sixth year running (2016)13

Disclosure

1 Each year, the EPA honors organizations that have made outstanding contributions to protecting the environment through energy efficiency. April 2018, U.S. Environmental Protection Agency.

2 2018 GRESB assessment, data as of December 31, 2017.

3 Rankings out of 42 U.S. diversified, non-listed property strategies. (2018 GRESB assessment, data as of December 31, 2017).

4 The Green Lease Leaders designation exhibits a strong commitment to increased performance and sustainability in buildings. May 2017, Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Alliance.

5 For further details please refer to the PRI Assessment Methodology, Principal Global Investors’ full Assessment Report and Transparency Report, all of which is available upon request.

6 CDP Climate A list was established in 2011 and names the world’s businesses leading on environmental performance. Our 2017 score is higher than 70% of all respondents in the United States and nearly 60% of all U.S. financial sector respondents. https://www.cdp.net/en/scores-2017

7 February 12, 2018–The Ethisphere Institute. www.worldsmostethicalcompanies.com/honorees/

8 Great Place to Work review based on 1,217 employee surveys, with a 90% confidence level and a margin of error of ± 2.21. Published on Jan 4, 2018. www.reviews.greatplacetowork.com/principal-financial-group

9 Forbes, July 2018, https://www.forbes.com/sites/vickyvalet/2018/07/24/americas-best-employers-for-women-2018

10In the 2018 CEI report, 609 major businesses — spanning nearly every industry and geography — earned a top score of 100 percent and the distinction of “Best Places to Work for LGBTQ Equality.” https://www.hrc.org/campaigns/corporate-equality-index

11March 2018, The 2018 NAFE Top Companies application includes some 200 questions on female representation at all levels, especially the corporate officer and profit-and-loss ranks. www.workingmother.com/sites/workingmother.com/files/attachments/2018/03/wmm-nafe-chart-online.pdf

12The Newsweek Green Ranking was created in 2009 to rank the 500 largest U.S. companies on corporate sustainability and environmental impact. https://www.newsweek.com/full-list-US-companies-green-rankings-2017-18

13December 2017, sixth annual survey by Pensions & Investments.
http://www.pionline.com/article/20171211/PRINT/171219965

Third party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation.