Allstate Recognized by CDP for Climate Change Disclosure: Named to S&P 500 Leadership Index
NORTHBROOK, Ill., Sept. 22, 2011 /PRNewswire/ — Allstate Insurance Company announced today it has been named to the Carbon Disclosure Project’s (CDP) 2011 Carbon Disclosure Leadership Index for its proactive approach to the disclosure of the company’s climate change information.
The index, a key component of CDP’s annual S&P 500 report, highlights the constituent companies within the S&P 500 Index that have displayed the most professional approach to corporate governance regarding climate change information disclosure practices. Companies are scored on their climate change disclosure, and high scores indicate good internal data management and understanding of climate change-related issues affecting the company.
Compiled by PwC on behalf of CDP, the index provides an evaluation tool for institutional investors and other stakeholders. For 2011, it comprises 55 companies from the S&P 500 Index based on analysis of the responses to CDP’s questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and risks, and opportunities associated with climate change.
“Allstate strives to be transparent about our business practices, including how we manage our carbon footprint and lessen our impact on the environment,” said Craig Keller, director, public social responsibility at Allstate. “We are pleased to be recognized for our efforts to inform others about our actions to reduce our carbon footprint and mitigate the risks of climate change to our operations.”
“Companies that make the Carbon Disclosure Leadership Index have demonstrated good internal data management practices for understanding greenhouse gas emissions. They have shown a strong awareness of the business issues related to climate change including climate-related risks and opportunities,” said Paul Simpson, chief executive officer of the Carbon Disclosure Project. “Those organizations that give clear consideration to measuring and reporting on climate change issues will be best placed to capitalize on the opportunities from managing them.”
As part of its commitment to reducing its carbon footprint, Allstate has a goal to maintain or reduce Allstate’s carbon footprint on an annual basis, as published in the company’s response to the CDP annual survey. In 2010, Allstate met this goal with a published 3 percent decrease over prior year or a total of a 15 percent reduction since its baseline of 2007. Additional information regarding sustainability efforts at Allstate can be found in its annual Social Responsibility Report at http://www.allstate.com/social-responsibility.aspx.
The S&P 500 report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change and water information in the world. Some 3,000 organizations across the world’s largest economies now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 551 institutional investors, holding US$71 trillion in assets. For more information, visit www.cdproject.net.
The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer known for its “You’re In Good Hands With AllstateÃ‚®” slogan. Now celebrating its 80th anniversary as an insurer, Allstate is reinventing protection and retirement to help nearly 16 million households insure what they have today and better prepare for tomorrow. Consumers access Allstate insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives in the U.S. and Canada, as well as via www.allstate.com and 1-800 AllstateÃ‚®.
SOURCE Allstate Insurance Company