Commercial, Energy Efficiency, GHG Emissions  -  January 3, 2023

Allstate Sets 2030 Goals

Allstate Corporation, a personal lines insurer, announced it has committed to achieve net zero emissions for direct, indirect and value-chain GHG emissions by 2030. It will also set a target year for achieving a net zero investment portfolio by the end of 2025. 

The company will accomplish its 2030 net zero goals by reducing the emissions and square footage of Allstate’s offices, purchasing renewable energy where possible, working to reduce emissions of suppliers and removing the impact of remaining real estate through the limited purchase of credible carbon offsets where available.

"For 25 years, Allstate has worked to strengthen resilience to increased severe weather caused by global warming through prevention, preparedness and risk reduction," said Tom Wilson, Chair, President and CEO of The Allstate Corporation, in a statement. "As the severity of hurricanes, tornadoes and wildfires has increased, the negative impacts on customers, shareholders and society have also grown. To supplement our short-term remediation initiatives we are making net zero emissions commitments that are tangible and reasonable."

Allstate’s investing strategy already includes an impact portfolio that supports climate change mitigation and adaptation, targeting at least $375 million in climate-related commitments between 2021 and 2022.