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Allstate Corp

Common Name
Allstate
Country
United States
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
55,000
Ticker
ALL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Allstate Corporation is a leading insurance provider primarily focused on offering a broad range of protection products and services for individuals and businesses in the United States. Established in...

Allstate's GHG Emissions Data Preview

In 2024, Allstate completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Allstate has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
0000000
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Verified Sources Behind Allstate’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Allstate’s data sources below and access millions more through our Disclosure Search.

a. Allstate's TCFD Report 2024
a. Allstate's TCFD Report 2024
b. Allstate's CDP Climate sourced from company’s website 2023
b. Allstate's CDP Climate sourced from company’s website 2023

Insights into Allstate's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofAllstate amounted to53,375metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Allstatedecreased by 15.82%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Allstate's Scope 1 Emissions Over Time

201920202021202220232024010 k20 k30 k40 ktCO2e-47%0%+6%-12%-10%
  • Total Scope 1
  • Year-over-Year Change

What are Allstate's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Allstate were 17,485 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Allstate reduced its Scope 1 emissions over time?

Since 2019, Allstate's Scope 1 emissions have decreased by 55.43%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Allstate's Scope 1 emissions decreased by 10.19%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Allstate's Scope 2 emissions?

In 2024, Allstate reported Scope 2 greenhouse gas (GHG) emissions of 22,613 tCOâ‚‚e using the market-based method and 35,890 tCOâ‚‚e using the location-based method.a

Has Allstate reduced its Scope 2 emissions over time?

Since 2019, Allstate's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 58.68%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Allstate's Scope 2 emissions(Location-Based) fell by 18.31% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Allstate use for Scope 2 reporting?

In 2024, Allstate reported its Scope 2 emissions using the market-based method and using the location-based method.a

Allstate's Scope 2 Emissions Over Time

201920202021202220232024025 k50 k75 k100 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Allstate's Value Chain Emissions

In 2024, Allstate reported 5,789,222 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Allstate includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Allstate's Scope 3 Emissions Over Time

20192020202120222023202402 M4 M6 M8 MtCO2e+1077%+6%+573%+99%-17%
  • Total Scope 3
  • Year-over-Year Change

What are Allstate's Scope 3 emissions?

In 2024, Allstate reported total Scope 3 emissions of 5,789,222 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 17.4%of these emissions originated from upstream activities such as purchased goods and capital goods, while 82.6%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Allstate reduced its Scope 3 emissions over time?

Since 2019, Allstate's Scope 3 emissionshave increased by 13,671.73%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Allstate's Scope 3 emissions decreased by 17.28%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does Allstate disclose?

In 2024, Allstate reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Allstate's Scope 3 emissions?

In 2024, the largest contributors to Allstate's Scope 3 emissions were:a

  • Investments (Cat. 15): 4,780,277 tCOâ‚‚e(82.57%)
  • Purchased Goods and Services (Cat. 1): 913,014 tCOâ‚‚e(15.77%)
  • Employee Commuting (Cat. 7): 36,553 tCOâ‚‚e(0.63%)

Allstate's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(15.8%)Investments(Cat. 15)(82.6%)

Insights into Allstate’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Allstate reported Scope 1 greenhouse gas (GHG) emissions of 17,485 tCOâ‚‚e and total revenues of USD 64,118 millions. This translates into an emissions intensity of 0.27 tCOâ‚‚e per millions USD.a

Allstate's Scope 1 Emissions Intensity Compared to Peers

505005,00020,000200,000Scope 1 Emissions (tCO2e)1001,00010,00050,000500,000Revenues (Millions of USD)HBPalomar HoldingsYear: 2024Scope 1: 222 tCO2eRevenue: $M 554Scope 1 Intensity: 0.40 tCO2e/$MAmerican ExpressYear: 2024Scope 1: 21,817 tCO2eRevenue: $M 65,952Scope 1 Intensity: 0.33 tCO2e/$MHanover Insurance GroupYear: 2024Scope 1: 4,589 tCO2eRevenue: $M 6,216Scope 1 Intensity: 0.74 tCO2e/$MMarsh & McLennan CompaniesYear: 2024Scope 1: 18,865 tCO2eRevenue: $M 24,459Scope 1 Intensity: 0.77 tCO2e/$MHHHorace Mann EducatorsYear: 2024Scope 1: 459 tCO2eRevenue: $M 1,550Scope 1 Intensity: 0.30 tCO2e/$MW R BerkleyYear: 2024Scope 1: 10,412 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.76 tCO2e/$MUS BancorpYear: 2024Scope 1: 34,015 tCO2eRevenue: $M 27,334Scope 1 Intensity: 1.24 tCO2e/$MAssurantYear: 2024Scope 1: 1,282 tCO2eRevenue: $M 11,881Scope 1 Intensity: 0.11 tCO2e/$MApollo Global ManagementYear: 2024Scope 1: 1,231 tCO2eRevenue: $M 26,136Scope 1 Intensity: 0.05 tCO2e/$MArthur J. Gallagher & Co.Year: 2024Scope 1: 1,186 tCO2eRevenue: $M 11,559Scope 1 Intensity: 0.10 tCO2e/$MHartford Insurance GroupYear: 2024Scope 1: 5,981 tCO2eRevenue: $M 26,383Scope 1 Intensity: 0.23 tCO2e/$MJPMorgan Chase & CoYear: 2024Scope 1: 100,024 tCO2eRevenue: $M 169,446Scope 1 Intensity: 0.59 tCO2e/$MInteractive Brokers GroupYear: 2024Scope 1: 122 tCO2eRevenue: $M 9,297Scope 1 Intensity: 0.01 tCO2e/$MIntercontinental ExchangeYear: 2024Scope 1: 5,212 tCO2eRevenue: $M 11,760Scope 1 Intensity: 0.44 tCO2e/$MKeyCorpYear: 2024Scope 1: 9,236 tCO2eRevenue: $M 4,393Scope 1 Intensity: 2.10 tCO2e/$MRLIYear: 2023Scope 1: 304 tCO2eRevenue: $M 1,524Scope 1 Intensity: 0.20 tCO2e/$MWells Fargo & CoYear: 2024Scope 1: 79,285 tCO2eRevenue: $M 82,297Scope 1 Intensity: 0.96 tCO2e/$MCitigroupYear: 2024Scope 1: 53,455 tCO2eRevenue: $M 81,091Scope 1 Intensity: 0.66 tCO2e/$MBBBank of AmericaYear: 2023Scope 1: 68,050 tCO2eRevenue: $M 98,580Scope 1 Intensity: 0.69 tCO2e/$MSelective Insurance GroupYear: 2023Scope 1: 2,632 tCO2eRevenue: $M 4,232Scope 1 Intensity: 0.62 tCO2e/$MMetLifeYear: 2024Scope 1: 10,611 tCO2eRevenue: $M 69,901Scope 1 Intensity: 0.15 tCO2e/$MCincinnati FinancialYear: 2024Scope 1: 14,273 tCO2eRevenue: $M 11,337Scope 1 Intensity: 1.26 tCO2e/$MTravelers CompaniesYear: 2024Scope 1: 19,069 tCO2eRevenue: $M 46,430Scope 1 Intensity: 0.41 tCO2e/$MBROOKFIELD ASSET MANAGEMENTYear: 2024Scope 1: 322 tCO2eRevenue: $M 482Scope 1 Intensity: 0.67 tCO2e/$MProgressiveYear: 2024Scope 1: 32,281 tCO2eRevenue: $M 75,335Scope 1 Intensity: 0.43 tCO2e/$MAllstateYear: 2024Scope 1: 17,485 tCO2eRevenue: $M 64,118Scope 1 Intensity: 0.27 tCO2e/$M

How does Allstate's GHG emissions intensity compare to its peers?

In 2024, Allstate reported a Scope 1 emissions intensity of 0.27 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.44, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Allstate rank on GHG emissions intensity within its industry?

In 2024, Allstate ranked 8 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Allstate is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Allstate's Total Carbon Footprint

In 2024, Allstate reported a total carbon footprint of 5,842,597 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.27% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Allstate's total carbon footprint was Scope 3 emissions, accounting for 99.09% of the company's total carbon footprint, followed by Scope 2 emissions at 0.61%.a

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