Commercial, Energy Efficiency, GHG Emissions - December 30, 2019
Allstate succeeds in 14% drop in GHG emissions
The Allstate Corporation saw a 14% reduction in greenhouse gas emissions in 2018, building on a reduction of 8% in 2017, according to the company’s newly released sustainability report.
The insurance company first set a target in 2010 to reduce its energy use by 20% before 2020 and surpassed that goal in 2014. Since then, the company has pursued energy efficiency measures including optimizing HVAC equipment and controls, reducing lighting power density designs and daylight harvesting in its offices.
"Allstate's purpose is to create prosperity for all our stakeholders, including employees, investors and the communities in which we live and work. Sustainability is part of Allstate's DNA," Tom Wilson, Allstate Chair, President and CEO, said in a statement. "We are pleased Allstate was once again included in the Dow Jones Sustainability Indices, demonstrating our strong management of ESG factors, and that our diversity efforts have been recognized by the National Association for Female Executives and DiversityInc. We're also proud to be named one of the World's Most Ethical Companies for the fifth straight year."
Additionally, Allstate currently leases or owns more than 362,250 square feet of LEED-certified office space and has a fleet of vehicles that support the business travel requirements of the Claims, Distribution and Service Businesses teams that is made up of 25% hybrid vehicles.
The Sustainability Report released this month follows the GRI G4 Core (Global Reporting Initiative) framework and features an Investor Hub that provides metrics for investors interested in environmental, social and governance practices. This year, Allstate earned a spot on the Dow Jones Sustainability Indices for the second consecutive year.
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