For over a decade, RE Tech has partnered with Principal Real Estate to grow and evolve its sustainability program, supporting a transition from foundational reporting to global sustainability leadership across a diversified real estate portfolio. With an expanding portfolio and a rapidly evolving regulatory landscape, Principal needed a strategic partner to align its operations with international frameworks and Greenhouse Gas (GHG) Inventory priorities.
RE Tech delivers end-to-end sustainability services that enhance data quality, support global reporting obligations, and engage stakeholders in a performance-driven culture of sustainability.
Our Solution: Integrated Sustainability Strategy and Portfolio-Wide Enablement
RE Tech provides scalable, strategy-focused services that support Principal’s sustainability priorities:
Refined Principal’s sustainability strategic priorities with updates for targets, policies, GHG inventory planning, climate risk, and policy integration.
Supported annual reporting to GRESB, UN PRI, CDP, and SFDR; aligned strategy with TCFD and UN SDGs.
Delivered webinars, internal training, monthly newsletters, and communications to embed sustainability awareness across asset and property management teams.
Improved sustainability data integrity across over 700 assets between US and Europe; standardized onboarding and certification processes portfolio-wide.
Built tenant engagement materials, updated tenant lease language, facilitated third-party certifications, and maintained Green Lease Leaders Gold status since 2017.
Engagement Summary statement goes here.
Strategic Roadmapping
Supported Principal in shaping policies, target setting, and tracking KPIs, aligning long term goals with global benchmarks.
Disclosure Management
Led submission strategy and technical execution for GRESB, CDP, and UN PRI compliance.
Stakeholder Enablement
Produced internal newsletters, webinars, and reference materials to maintain high organizational sustainability fluency.
Portfolio Integration
Expanded sustainability tracking from ~200 to over 700 assets between US and Europe, improving governance and visibility across regions.
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Preparedness
Built a cross-border, multi-framework sustainability strategy aligned with global disclosure standards and investor expectations.
Efficiency
Achieved GHG emission reductions, making measurable progress toward their 2050 Net Zero target in both the U.S. and Europe. Additionally, Principal not only met, but exceeded their 2035 target of 50% data coverage (energy, water, waste) across the portfolio.
Performance Impact
This is suppose to be a couple of sentences.
1. IMT and the U.S. Department of Energy’s Better Building Alliance awards landlords and tenants who incorporate green leasing to drive high-performance and healthy buildings. www.greenleaseleaders.com
2. Applies to open-end discretionary private equity funds including US Core, US Core Plus, Principal General Account, European Core, European Office, European Long Income, and European Care Home strategies.
3. Source: 2024 Global Real Estate Sustainability Benchmark (GRESB) assessments representing data from January 1, 2023 to December 31, 2023. In order to receive a ranking, the firm paid GRESB an application fee to be evaluated and rights to use the rating. 5-star rating reflects top 20% worldwide performance; 4-star rating reflects top 40% worldwide performance.
4. Green Star rating is awarded to entities with scores higher than 15 out of 30 on the Management and 35 out of 70 on Performance components. For information on the GRESB Green Star Rating please visit: https://www.gresb.com/nl-en/faq/what-is-a-green-star/
5. Source: Energy Star, 2024 Energy Star Partner of the Year, awarded to Principal Real Estate Investors. Each year, the EPA honors organizations that have made outstanding contributions to protecting the environment through energy efficiency. March 2024, U.S. Environmental Protection Agency
6. IMT and the U.S. Department of Energy’s Better Building Alliance awards landlords and tenants who incorporate green leasing to drive high-performance and healthy buildings. www.greenleaseleaders.com
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 $601.5 billion in assets, including $105.2 billion in real estate assets1 and recognized as a “Best Places to Work in Money Management”2 for 13 consecutive years.
Learn more at www.PrincipalAM.com
[1] As of September 30, 2025
[2] Pensions & Investments, “The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2024.
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©2025 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.
RE Tech offers an integrated suite of solutions designed to drive building performance, decrease costs, and overcome any project challenge. Get in touch and let's start the conversation about sustainability in the built environment.
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