NORTHBROOK, Ailing., Dec. 23, 2022 – The Allstate Company (NYSE: ALL), one of many nation’s largest publicly held private strains insurers, at the moment introduced it has dedicated to realize internet zero emissions for direct, oblique and value-chain greenhouse gasoline emissions by 2030. It is going to additionally set a goal yr for attaining a internet zero funding portfolio by the top of 2025. These actions are important to managing local weather danger and fulfilling Allstate’s function of defending prospects and producing enticing returns for shareholders.
Allstate’s pledge means it’s going to exceed by 20 years the 2050 internet zero goal set within the Paris local weather accords. It additionally displays Allstate’s decades-long historical past of integrating sturdy environmental ideas and practices into its enterprise technique whereas constructing group resilience and serving to prospects put together for and recuperate from climate-related catastrophes.
“For 25 years, Allstate has labored to strengthen resilience to elevated extreme climate brought on by world warming via prevention, preparedness and danger discount,” stated 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 internet zero emissions commitments which are tangible and affordable.”
The corporate will accomplish its 2030 internet zero objectives by lowering the emissions and sq. footage of Allstate’s places of work, buying renewable power the place doable, working to cut back emissions of suppliers and eradicating the influence of remaining actual property via the restricted buy of credible carbon offsets the place out there.
Allstate’s accountable investing technique already features a devoted influence 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 via its annual sustainability reporting, out there at Allstate’s sustainability web site. Particulars on Allstate’s local weather technique will 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 identification theft. Merchandise can be found via 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 Fingers with Allstate.”
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Ahead-Wanting Statements
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