Allstate earns high marks for sustainability

Allstate earns high marks for sustainability | Insurance Business

Allstate earns high marks for sustainability

The Allstate Corporation has reduced its environmental footprint and increased the diversity of its workforce, according to its latest Sustainability Report.

“Allstate’s purpose is to create prosperity for all our stakeholders, including employees, investors and the communities in which we live and work,” said Tom Wilson, chair, president and CEO of Allstate. “Sustainability is part of Allstate’s DNA. 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.”

Allstate’s sustainability accomplishments include:

  • Reducing its greenhouse-gas emissions by 14% in 2018 following an 8% reduction in 2017.
  • Earning a spot on the Dow Jones Sustainability Indices for the second consecutive year.
  • Earning a spot on DiversityInc’s Top 50 Companies list for the 14th straight year.
  • Recognition as one of the Civic 50, the most community-minded companies in the US, by Points of Light, the world’s largest organization dedicated to volunteer service.
  • Recognition as one of the National Association for Female Executives’ Top Companies for Executive Women.
  • The Allstate Corporation, The Allstate Foundation, employees and agencies supported local communities through monetary donations and more than 260,000 hours of employee volunteer service in 2019.
  • Spending $308 million – 7.1% of total supplier spending – on diverse suppliers in 2018.

Corporate governance practices received high marks, with one corporate governance firm giving Allstate its highest numerical rating.