The Allstate Corporation, one of the largest insurance companies in the United States, has announced its new commitment to achieve a string of zero emission targets.
The insurer plans zero greenhouse gas emissions from direct, indirect and value-chain sources by 2030.
As a closer target, the insurance company has also committed to set a target year for having a net zero portfolio by 2025.
The goal is to contribute to the overall effort being made to manage climate risk, while 'fulfilling Allstate's purpose of protecting customers and generating attractive returns for shareholders,' said a recent media release from the insurer.
Should the insurer meet its pledge, it will mean that it will have exceeded by twenty years the net zero target the Paris climate accords established for 2050. The insurer stated that it is a reflection of its lengthy history of working with 'strong environmental principles and practices' and integrating them into its overall business strategy.
