The Allstate Corporation (NYSE: ALL) has published its 19th Sustainability Report, highlighting progress in addressing climate change, improving Inclusive Diversity & Equity, enhancing organizational culture and keeping employees and customers safe during the pandemic.
The Sustainability Report expands on the content in our 10-K and Proxy Statement to tell the full story of Allstate’s long-term value creation. This report incorporates the Guiding Principles and Content Components of the Integrated Reporting (IR) framework as produced by the International Integrated Reporting Council (IIRC).
It also includes disclosures to the relevant SASB sector standards, the Task Force on Climate-Related Financial Disclosures (TCFD) guidelines and our EEO-
1 report. Finally, the report references the GRI Standards and the UN Sustainable Development Goals (UN SDGs).
“Our Materiality and Stakeholder Engagement section has more information on how we determined the content of this report.”, the company said.
Environmental, social and governance (ESG) factors increasingly influence Allstate’s strategy, guide its management of risks and opportunities, and drive long-term value creation.
Allstate continues to enhance its ESG reporting and disclosures. This year, the Sustainability Report links to Allstate’s EEO-1 data, Sustainability Accounting Standards Board index, and its Task Force on Climate-Related Financial Disclosures index.
Among the report’s highlights, Allstate:
Committed to tying Inclusive Diversity & Equity goals to executive compensation, doubling its spending with diverse-owned suppliers and expanding customer access to its products.
Implemented a Responsible Investing Policy and grew its investment portfolio in socially responsible categories like education, affordable housing and renewable energy.
Led the industry by returning nearly $1 billion to policyholders as reduced driving during the pandemic resulted in fewer auto accidents.
Secured a place on the prestigious CDP ‘A-List’ for tackling climate change and working toward a science-based target for curbing emissions.
Earned a spot on the Dow Jones Sustainability Indices (North America) for the third consecutive year.
Refreshed its sustainability materiality assessment.