Allstate Corporation Announces Net Zero Emissions Commitment

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NORTHBROOK, Ill., December 23, 2022 – The Allstate Corporation (NYSE: All), one of the nation’s largest publicly held individual tax insurers, today announced its commitment to achieve net zero emissions for direct, indirect and value chain greenhouse gas emissions by 2030. portfolio by the end of 2025. These actions are essential to fulfilling Allstate’s mission to manage climate risk, protect customers and generate attractive returns for shareholders.

Allstate’s pledge is 20 years ahead of the 2050 net zero goal set in the Paris Climate Agreement. It reflects Allstate’s decades-long history of integrating strong environmental policies and practices into its business strategy, while building community resilience and helping clients prepare for and recover from climate-related disasters.

“For 25 years, Allstate has worked to strengthen resiliency through prevention, preparedness and mitigation of severe weather caused by global warming,” said Tom Wilson, president and CEO of Allstate Corporation. “As hurricanes, tornadoes and wildfires have increased in intensity, the negative impacts on customers, stakeholders and society have increased. To complement our short-term solution efforts, we make firm and reasonable net zero emissions commitments.

The company is meeting its 2030 net zero goals by reducing the emissions and square footage of Allstate offices, purchasing as much renewable energy as possible, working to reduce emissions from suppliers and eliminating the impact of remaining real estate through limited purchases of credible carbon offsets. .

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

The company will publicly share progress on emissions targets through its annual sustainability report Allstate’s sustainability website. It contains details of Allstate’s climate strategy 2021 Sustainability Report.

About Allstate

Allstate Corporation (NYSE: ALL) protects people from life’s uncertainties with a circle of protections including cars, homes, electronics, benefits and identity theft. Products are available through a wide distribution network including Allstate agents, independent agents, major retailers, online and workplaces. Allstate is widely known for its slogan “You’re in good hands with Allstate.”

Financial information, including important announcements about The Allstate Corporation, is posted regularly

Forward-looking statements

This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and projections, which are subject to uncertainty. These statements are made subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not necessarily relate to historical or current facts and may be identified by the use of words such as “projections,” “. seeks, “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “potential,” “goals” and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and projections. However, if the estimates, assumptions or projections underlying the forward-looking statements prove to be incorrect or other risks or uncertainties arise, actual results may differ from those expressed in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, including the “Risk Factors” section in our most recent annual report and our filings with the U.S. Securities and Exchange Commission. on Form 10-K. Forward-looking statements speak as of the date they are made, and we undertake no obligation to update or revise any forward-looking statement.


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