An exemplary approach to disclosure of climate change information and consistent efforts to reduce emissions landed Allstate Insurance on two indices announced yesterday by the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets.
Allstate is featured in CDP's Carbon Disclosure Leadership Index (CPLI), which awards and highlights companies which have displayed a strong approach to information disclosure regarding climate change. 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. Allstate achieved a score of 92, an increase of three points versus its score of 89 in 2011. Allstate had been named by CDP to this important industry and business index in 2009 and 2011.
Additionally, Allstate was one of only 15 S&P 500 Index companies named to the Carbon Performance Leadership Index (CPLI). The CPLI highlights those companies within the S&P 500 Index that have demonstrated a strong approach to climate strategy and emissions reduction in their CDP responses.
"Allstate's focus on climate change disclosure and taking important steps to reduce our emissions reflect our strong commitment to communities around the country," stated Vicky Dinges, vice president for public social responsibility at Allstate. "It's gratifying to be recognized as one of the leading companies in America in these areas. We've made great progress, and we'll continue to work diligently to find new efficiencies and improved ways of operating our business."
These leadership indices, key components of CDP's annual S&P 500 report, highlight constituent companies within the S&P 500 index that have displayed a strong approach to climate change information disclosure and performance. In 2012, CDLI comprises 53 companies from the S&P 500 based on analysis of the responses to CDP's questionnaire which focused on greenhouse gas emissions, emissions reduction targets and the risks and opportunities associated with climate change. The CPLI highlights the 15 companies that have most successfully implemented emission reduction strategies and initiatives.
"Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities," said Paul Simpson, chief executive officer of CDP. "Likewise, companies in the Carbon Performance Leadership Index are demonstrating a clear commitment to manage their greenhouse gas emissions and take action on climate change. Organizations which work to reduce their emissions and integrate climate change issues into their business strategies have the potential for cost savings, revenue generating opportunities and, ultimately, a more resilient future."
A list of companies featured in the Carbon Disclosure Leadership Index and Carbon Performance Leadership Index can be found at www.cdproject.net.
To learn more about Allstate's efforts to reduce its environmental footprint, visitwww.allstate.com/socialresponsibility
To read the full article please visit: http://www.allstatenewsroom.com/channels/Social-Responsibility-2/releases/allstate-recognized-for-excellence-in-carbon-reduction-performance-and-climate-change-transparency-by-carbon-disclosure-project