Net 0 Tracker

Allstate Corp

"Allstate Corp, a company based in the USA, has set a net zero target of reducing its greenhouse gas emissions by 50% from a 2019 baseline by 2024. Net Zero Tracker
This target applies to emissions from owned and leased buildings, covering both scope 1 and scope 2 emissions. Net Zero Tracker
However, it is unclear whether scope 3 emissions are included in this target. Net Zero Tracker
An interesting aspect of their environmental policy is their commitment to transition to 100% hybrid vehicles by 2025 and to achieve green or healthy building certification for all newly acquired buildings starting …"

Current Score (vs. LY)

16.0 pts (-17.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #277

S&P500: #170

Financials: #34

20.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

0.0%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

33.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

	Y2021	Y2020	Y2019
Scope 1	20,932	20,849	39,200
Scope 2 - location-based	69,332	77,818	86,900
Scope 2 - market-based	54,543	59,274	74,200
Scope 1-2 - location-based	90,264	98,667	126,100
Scope 1-2 - market-based	75,475	80,123	113,400
Scope 3	7,000	7,800	8,900
Total - location-based	97,264	106,467	135,000
Total - market-based	82,475	87,923	122,300

Note: Data sources detailed here

	Y2022	Y2021
Total CO₂e estimate (by Net0Tracker)	2,024,508	106,133
Methodology	Pre-calculated sector intensity (revenue)	Previous year intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.

Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)

Please refer to the library for viewing the supporting documentation

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Allstate Corp belongs to the sector Financials.

Offsets

Last update for Allstate by zerotracker.net: Aug. 16, 2022

Planning to use external offset credits	Not Specified
Separate targets for emission reductions and removals	No
Conditions on use of offset credits	None
Plans for carbon dioxide removal (CDR)	Not Specified

Score Summary

Ref	Principle	Score (points)	Max (points)	Delta (points)
1	At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified	0.0	10.0	-10.0
2	Scope 3 emissions are fully reported and externally-verified	0.0	10.0	-7.5
3	CDP score demonstrates the level of transparent disclosures	6.0	10.0	0.0
	Transparency	6.0	30.0	-17.5
4	Net Zero Commitments by 2050 include an intermediate target and cover all the emissions	0.0	10.0	0.0
5	Net Zero targets demonstrate a high-level of emergency	0.0	10.0	0.0
6	Emission reduction targets on a forward-looking basis are ambitious	0.0	10.0	0.0
7	Targets are science-based as validated by SBTi	0.0	10.0	0.0
	Commitments	0.0	40.0	0.0
8	Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets)	0.0	10.0	0.0
9	Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets)	0.0	10.0	0.0
10	Implied Temperature Rating by MSCi	10.0	10.0	0.0
	Results	10.0	30.0	0.0
	Total	16.0	100.0	-17.5

Score Details

Criteria	Results	2023 Score	2022 Score	Vs. 2022	2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period?	NC	0.0 / 5.0	5.0	-5.0	5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year?	NC	0.0/ 5.0	5.0	-5.0	5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed?	NC	0.0 / 5.0	5.0	-5.0	5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year?	NC	0.0 / 5.0	2.5	-2.5	2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)?	C	6.0 / 10.0	6.0	0.0	8.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050?	NC	0.0 / 3.0	0.0	0.0	0.0
Does the net zero target include an intermediate target by 2030?	NC	0.0 / 3.0	0.0	0.0	0.0
Does the net zero target include all the emissions?	NC	0.0 / 4.0	0.0	0.0	0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2?	NC	0.0 / 5.0	0.0	0.0	0.0
Target year for achieving net zero emissions for S1+S2+S3 combined?	NC	0.0 / 5.0	0.0	0.0	0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?		0.0 / 5.0	0.0	0.0	0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?	No target found	0.0 / 5.0	0.0	0.0	0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to?	NC	0.0 / 10.0	0.0	0.0	0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target	Objective (in %): Actual (in %): No target found	0.0 / 5.0	0.0	0.0	0.0
Momentum: last year % reduction vs. forward-looking target	Objective (in %): Actual (in %): No target found	0.0 / 5.0	0.0	0.0	0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target	Objective (in %): Actual (in %): No target found	0.0 / 5.0	0.0	0.0	0.0
Momentum: last year % reduction vs. forward-looking target	Objective (in %): Actual (in %): No target found	0.0 / 5.0	0.0	0.0	0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets?	ITR: 1.3°C	10.0 / 10.0	10.0	0.0	0.0
Total		16.0 / 100.0	33.5	-17.5	25.5

Available Data Sources

Reporting Year	2021	2021	2020	2020	2020	2019	2019	2018
Source	Public	Yourstake	Public	CDP	Public	Public	CDP	Public
Publication Year	2022	2022	2022	2021	2021	2021	2020	2021
Scope 1	20,932	20,932	20,849	20,849	20,849	39,200	39,230	45,966
Scope 2 - location-based	69,332	69,332	77,818	77,818	75,630	86,900	86,863	82,887
Scope 2 - market-based	54,543	54,543	59,274	59,274	58,970	74,200	74,230	0
Scope 1-2 - location-based	90,264	90,264	98,667	98,667	96,479	126,100	126,093	128,853
Scope 1-2 - market-based	75,475	75,475	80,123	80,123	79,819	113,400	113,460	NA
Scope 3	7,000	7,000	7,800	494,672	7,800	8,900	37,589	13,264
Total - location-based	97,264	97,264	106,467	593,339	104,279	135,000	163,682	142,117
Total - market-based	82,475	82,475	87,923	553,737	87,619	122,300	146,706	NA

Sources

CDP: Data from CDP Climate Change Questionnaire - see Free SFDR data library
Yourstake: Data from YourStake.org - see Free SFDR data library

Please refer to the library for viewing the supporting documentation

Library

Sustainability Reports

There is no document available yet

GHG DATA

GHG_emissions_2021

GHG_emissions_2020

Disclosures - Verification

Targets reporting