NORTHBROOK, In poor health., Dec. 23, 2022 – The Allstate Company (NYSE: ALL), one of many nation’s largest publicly held private traces insurers, right this moment introduced it has dedicated to realize web zero emissions for direct, oblique and value-chain greenhouse fuel emissions by 2030. It’ll additionally set a goal 12 months for attaining a web zero funding portfolio by the tip of 2025. These actions are important to managing local weather threat and fulfilling Allstate’s goal of defending prospects and producing enticing returns for shareholders.
Allstate’s pledge means it’s going to 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 group resilience and serving to prospects put together for and get well from climate-related catastrophes.
“For 25 years, Allstate has labored to strengthen resilience to elevated extreme climate attributable to international warming by way of prevention, preparedness and threat discount,” mentioned Tom Wilson, Chair, President and CEO of The Allstate Company. “Because the severity of hurricanes, tornadoes and wildfires has elevated, the damaging impacts on prospects, 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 vitality the place potential, working to scale back emissions of suppliers and eradicating the affect of remaining actual property by way 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 no less than $375 million in climate-related commitments between 2021 and 2022.
The corporate will publicly share progress on emissions objectives by way of its annual sustainability reporting, accessible at Allstate’s sustainability web site. Particulars on Allstate’s local weather technique will be present in its 2021 Sustainability Report.
The Allstate Company (NYSE: ALL) protects folks from life’s uncertainties with a circle of safety together with automobiles, properties, digital units, advantages and id theft. Merchandise can be found by way 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 Arms with Allstate.”
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
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