Principal Financial Group Inc

Proxy voting also enables us to take advantage of our equity shareholder power to effect positive change. Principal Asset Management has a separate Proxy Voting policy and Proxy Voting Committee to oversee the voting of proxies and the Proxy Advisory Firm, make determinations as to how to instruct the vote on certain specific proxies, verify ongoing compliance with the Proxy Policy, review the business practices of the Proxy Advisory Firm and evaluate, maintain, and review the Proxy Policy on an annual basis. We also use the services of third-party research providers and broker-dealers to enhance our research process as well as help facilitate direct engagement with companies. Some of our equity investment professionals have access to tools that can help track and support engagement activities and outcomes. [...] Through our compliance and oversight functions, Principal Real Estate verifies that each property that participates in the PRPI ESG Platform has a tenant and community engagement program. Outcomes are measured in a variety of ways including tenant satisfaction, tenant retention, and tracking of environmental and social key performance indicators. An annual compliance survey is sent to property managers to confirm they have followed the PRPI requirements and appropriate action is taken, dependent on scenario/situation, to ensure alignment is achieved.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Principal executive management team is responsible for providing environmental high level initiatives that are aligned with the company's overall climate change strategy. Principal Vice President – Enterprise Worksite Services, as well as their direct reports, are responsible for carrying out the high level initiatives (which are directly tied to compensation). Aligning environmental high level initiatives with the company's overall climate strategy and tying the completion of the high level initiatives to compensation ensures that all engagement is consistent across the company.

Principal Asset Manager IV oversees the ESG Task Force and is charged with ensuring that all of our direct and indirect activities that influence policy are consistent with our overall climate change strategy.

The role of the ESG Task Force, which consists of cross-functional team members, is to promote sustainability efforts at Principal and to educate and engage employees at work and away. As head of Corporate Services with responsibility for the company's corporate real estate programs, this position is charged with promoting environmentally responsible business practices and developing plans that will promote our sustainability efforts as to energy usage, water usage, recycling, landscaping practices, researching LEED requirements for existing buildings and leased space and the mass transit program for employees.

The responsibility to review environmental and social responsibility matters of significance to Principal was added to the Nominating and Governance Committee's charter in 2012, reflecting the Board of Directors' interest in these matters.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Principal executive management team is responsible for providing environmental high level initiatives that are aligned with the company's overall climate change strategy. Principal Vice President – Enterprise Worksite Services, as well as their direct reports, are responsible for carrying out the high level initiatives (which are directly tied to compensation). Aligning environmental high level initiatives with the company's overall climate strategy and tying the completion of the high level initiatives to compensation ensures that all engagement is consistent across the company.