Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Data Privacy
• Equity

Environmental Achievements

• Cut energy use beyond original targets; converted half of automobile fleet to hybrid vehicles; implemented resource reduction and recycling initiatives; encouraged electronic customer communications to reduce paper waste.

Social Achievements

• Launched a three-year inclusive diversity & equity plan; hired a chief inclusive diversity & equity officer; disclosed EEO-1 data; increased utilization of diverse suppliers; issued $1.2 billion of bonds using exclusively minority-, women- and veteran-owned banking enterprises; engagement survey results show high employee satisfaction and that employees feel their diverse perspectives are valued; completed more than 106,150 courses on IDE; Allstate was a founding member of the OneTen coalition.

Governance Achievements

• Received top overall governance rating from a leading governance rating firm; updated Our Shared Purpose to highlight values of integrity, inclusive diversity & equity, and collective success; refined operating standards and behaviors; named among the World’s Most Ethical Companies by Ethisphere for the eighth consecutive year.

Climate Goals & Targets

Environmental Challenges

• Auto insurance margins deteriorated rapidly due to increased claims costs reflecting higher used car values and liability payments; climate change damages customers’ homes and impacts shareholder returns; data privacy threatens customers' identities and impacts operating practices.

Mitigation Strategies

• Rapidly seeking regulatory approval to increase prices for auto insurance; improving claims excellence and reducing costs; actively addressing climate change for over 25 years through disaster prevention, preparedness, risk response, comprehensive risk and return practices, reducing carbon footprint, and optimizing the investment portfolio; protecting data and keeping sensitive information safe through policy and legislation, governance, products and services, and partnerships.

Supply Chain Management

Responsible Procurement

• Supplier Diversity Program; security assessment and tracking program for suppliers; security policies and privacy expectations described in our Supplier Code of Business Conduct; security requirements extend to suppliers who have access to, store, or use Allstate data.

Climate-Related Risks & Opportunities

Physical Risks

• Increase in severe weather events raising loss costs for homeowners insurance

Transition Risks

• Policy shifts and development of new technology

Opportunities

• Investment vehicles that finance solutions to climate change

Reporting Standards

Frameworks Used: SASB, TCFD

Awards & Recognition

• World’s Most Ethical Companies by Ethisphere