CDP Recognizes Allstate as Leader in Climate Change Transparency; Only Property and Casualty Insurer to Make List
September 29, 2014 /3BL Media/ - Allstate has been recognized as a leader among the S&P 500 for excelling at disclosure of climate change data by CDP, the world's only global environmental disclosure system. Allstate scored 97 out of 100 in this year's report, the highest score the company has received since it started reporting in 2007
"This the fifth year Allstate has been included in the Climate Disclosure Leadership Index, an achievement we're quite proud of given how many companies have intensified their commitment to climate-related issues in recent years" said Vicky Dinges, senior vice president of corporate responsibility at Allstate. "We continue to look for innovative approaches to manage our environmental footprint in a way that helps our business be more sustainable and our communities more livable."
CDP's annual CDLI index spotlights companies listed on the Standard & Poor's 500 Index (S&P 500) that have demonstrated a high level of transparency and data quality in their disclosure of climate-related information. Thirty-three S&P 500 companies are featured in the 2014 CDLI.
Company disclosures to CDP are scored on a scale of 100 for completeness and data quality. High scores indicate that companies provided robust climate data and conveyed a strong understanding of corporate climate-related issues. The companies in the top 10 percent for disclosure scores are awarded a position on the CDLI. The S&P 500 report including names of companies featured in the CDLI can be found at www.cdp.net.
Allstate has also made significant progress toward its long-term environmental sustainability goals in recent years. Notable accomplishments include:
- Reduced energy use in owned facilities by 19.39 percent compared to the company's 2007 baseline, nearly reaching Allstate's long-term goal to cut energy use 20 percent by 2020.
- Reduced carbon footprint by 6.3 percent in 2013 and nearly 27 percent since 2007.
- Kept more than one million plastic water bottles out of landfills thanks to 168 water-filtration stations installed across Allstate facilities.
- Installed innovative airflow management technology in two Allstate data centers, which reduced the amount of power used and netted savings of nearly $120,000.
- Published a comprehensive new climate change policy, defining Allstate's approach to one of today's most critical environmental issues.
For more information about Allstate's environmental sustainability efforts, please visit http://www.allstate.com/corporate-responsibility/environment.aspx.
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, protecting approximately 16 million households from life's uncertainties through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate is widely known through the slogan "You're In Good Hands With Allstate®." The Allstate brand's network of small businesses offers auto, home, life and retirement products and services to customers in the United States and Canada. In 2013, The Allstate Foundation, Allstate, its employees and agency owners gave $29 million to support local communities. Allstate employees and agency owners donated 200,000 hours of service across the country.
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