Allstate Corp targets net-zero emissions by 2030

US insurance company Allstate Corporation has announced a new net-zero emissions commitment. The company frames the target as “net-zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030”. By the end of 2025, the company says it will announce further details on a “net-zero investment portfolio”. According to the company, the net-zero emissions plan is motivated by a need to manage climate risk, protect customers and increase shareholder returns. Allstate’s current responsible investment plan includes $375m in investments that support mitigation and adaptation. Tom Wilson, chair, president and CEO of Allstate Corporation said: “As the severity of hurricanes, tornadoes and wildfires has increased, the negative impacts on customers, shareholders and society have also grown. To supplement our short-term remediation initiatives, we are making net-zero emissions commitments that are tangible and reasonable.”