The Allstate Company Declares a Web Zero Emissions Dedication
NORTHBROOK, Ailing., Dec. 23, 2022 – The Allstate Company (NYSE: ALL), one of many nation’s largest publicly held private traces insurers, in the present day introduced it has dedicated to realize web zero emissions for direct, oblique and value-chain greenhouse fuel emissions by 2030. It should additionally set a goal 12 months for reaching a web zero funding portfolio by the tip of 2025. These actions are important to managing local weather danger and fulfilling Allstate’s objective of defending clients and producing enticing returns for shareholders.
Allstate’s pledge means it’ll exceed by 20 years the 2050 web zero goal set within the Paris local weather accords. It additionally displays Allstate’s decades-long historical past of integrating robust environmental rules and practices into its enterprise technique whereas constructing neighborhood resilience and serving to clients put together for and get better from climate-related catastrophes.
“For 25 years, Allstate has labored to strengthen resilience to elevated extreme climate attributable to world warming by means of prevention, preparedness and danger discount,” mentioned Tom Wilson, Chair, President and CEO of The Allstate Company. “Because the severity of hurricanes, tornadoes and wildfires has elevated, the detrimental impacts on clients, shareholders and society have additionally grown. To complement our short-term remediation initiatives we’re making web zero emissions commitments which are tangible and affordable.”
The corporate will accomplish its 2030 web zero objectives by decreasing the emissions and sq. footage of Allstate’s workplaces, buying renewable power the place doable, working to scale back emissions of suppliers and eradicating the affect of remaining actual property by means of the restricted buy of credible carbon offsets the place accessible.
Allstate’s accountable investing technique already features a devoted affect portfolio that helps local weather change mitigation and adaptation, focusing on a minimum of $375 million in climate-related commitments between 2021 and 2022.
The corporate will publicly share progress on emissions objectives by means of its annual sustainability reporting, accessible at Allstate’s sustainability website. Particulars on Allstate’s local weather technique might be present in its 2021 Sustainability Report.
About Allstate
The Allstate Company (NYSE: ALL) protects folks from life’s uncertainties with a circle of safety together with automobiles, properties, digital gadgets, advantages and id theft. Merchandise can be found by means of a broad distribution community together with Allstate brokers, impartial brokers, main retailers, on-line and on the office. Allstate is extensively identified for the slogan “You’re in Good Palms with Allstate.”
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Ahead-Trying Statements
This information launch incorporates “forward-looking statements” that anticipate outcomes primarily based on our estimates, assumptions and plans which are topic to uncertainty. These statements are made topic to the safe-harbor provisions of the Personal Securities Litigation Reform Act of 1995. These forward-looking statements don’t relate strictly to historic or present details and could also be recognized by their use of phrases like “plans,” “seeks,” “expects,” “will,” “ought to,” “anticipates,” “estimates,” “intends,” “believes,” “seemingly,” “targets” and different phrases with related meanings. We consider these statements are primarily based on affordable estimates, assumptions and plans. Nevertheless, if the estimates, assumptions or plans underlying the forward-looking statements show inaccurate or if different dangers or uncertainties come up, precise outcomes may differ materially from these communicated in these forward-looking statements. Components that might trigger precise outcomes to vary materially from these expressed in, or implied by, the forward-looking statements could also be present in our filings with the U.S. Securities and Alternate Fee, together with the “Danger Components” part in our most up-to-date annual report on Type 10-Okay. Ahead-looking statements are as of the date on which they’re made, and we assume no obligation to replace or revise any forward-looking assertion.
