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Allstate Corporation, commonly known as Allstate, is a leading provider of insurance and pension funding services based in the United States. Founded in 1931, the company has established itself as a key player in the insurance industry, offering a wide range of products including auto, home, and life insurance, as well as retirement and investment solutions.
Headquartered in Northfield Township, Illinois, Allstate operates extensively across the US, serving millions of customers with tailored insurance solutions that prioritise customer satisfaction and financial security. Notable for its innovative approach, Allstate has achieved significant milestones, including the introduction of the Drivewise programme, which rewards safe driving habits. With a strong market position, Allstate continues to be recognised for its commitment to quality service and community involvement, making it a trusted name in the insurance sector.
+12 vs industry average
Allstate’s score of 51 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Allstate, a US-based company in the Insurance and pension funding services sector, reported its most recent emissions for 2023. In 2023, the company's total reported emissions were approximately 2.65 billion kg CO2e. This included about 29.3 million kg CO2e from Scope 1 emissions, approximately 33.6 million kg CO2e from Scope 2 market-based emissions, and roughly 2.59 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions in 2023 were purchased goods and services at approximately 2.46 billion kg CO2e, and business travel at about 40.6 million kg CO2e.
Looking at previous years, Allstate's Scope 1 emissions were approximately 38.6 million kg CO2e in 2022 and 20.9 million kg CO2e in 2021. Scope 2 market-based emissions were about 54.9 million kg CO2e in 2022 and 54.5 million kg CO2e in 2021. Notable Scope 3 emissions in 2022 included approximately 444.9 million kg CO2e from purchased goods and services, and about 30.5 million kg CO2e from fuel and energy related activities. In 2021, Scope 3 emissions included roughly 405.1 million kg CO2e from purchased goods and services and about 54.6 million kg CO2e from employee commute.
Allstate has established several climate commitments. The company aims to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions by 2030, a commitment announced at the end of 2022. Earlier, in 2010, Allstate set a goal to achieve a 20% absolute energy-use reduction within its owned portfolio (from a 2007 baseline) by 2020 for both Scope 1 and Scope 2 emissions. Furthermore, a more recent target aims to reduce owned and leased building GHG emissions by 50% from a 2019 baseline by 2024 for both Scope 1 and Scope 2 emissions. All emissions data and climate commitments are directly reported by The Allstate Corporation.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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