Every year, Allstate shares data on its greenhouse gas emissions – and a strategy to reduce CO2 use – in the name of transparency, operational efficiency and improved information.
In 2020, the company has taken its concern for the environment and gone further, requesting companies in its supply chain to disclose environmental data and increase transparency about their environmental impact. The reporting will be done through the CDP Supply Chain (formerly known as the Carbon Disclosure Project), a global organization that urges companies and governments to reduce their carbon footprint.
"This milestone is a signal to suppliers, investors and other stakeholders that we take climate risk and environmental transparency seriously in our business," said Michael Thomas, Allstate Vice President of Administration & Real Estate.
Allstate used more than 7,000 vendors in 201
Environmental information is revealed to those we do business with, says Cheryl Harris, Allstate Senior Vice President of Sourcing & Procurement Solutions. "This decision was the natural next step in our environmental, social and governing reporting journey."
Allstate spent more than $ 4 billion with suppliers in 2019. For several years, the company has worked to diversify its supply chain by supporting minority, women, veteran, LGBTQ and disability owned companies. The increased focus on sustainability provides another path for Allstate to make a difference in its local communities and beyond.
"With emissions in the supply chain on average 5.5 times higher than a company's direct emissions, the purchasing supplier's dynamics will make or break if our economy can reach net zero by 2050, as science requires," says Dexter Galvin, global head of companies & supply chains at CDP.
Allstate has been reporting its own data to CDP since 2007. It is one of about 30 companies worldwide that recently requested their suppliers to report environmental data this year, and its suppliers will be among more than 15,000 for to receive requests from CDP members this year.