Allegion Releases 2023 ESG Metrics, Digital Annual Report
ESG Goals and Key Performance Indicators (KPIs)
“We’re dedicated to positively impacting the world around us – not just in terms of making it safer through our work in security and access, but also in terms of corporate social responsibility and sustainability,” said
2023 ESG highlights include:
- Decreased water usage intensity by 16% compared to the 2020 baseline.
- Decreased greenhouse gas emissions intensity (Scope 1 and 2) by 30% compared to the 2020 baseline.
- Achieved a waste diversion rate of 87%.
- Increased our carbon-free electricity usage to 26%, more than quadruple the 2020 baseline.
- Decreased our year-over-year lost time incident rate by 42%.
- Reached 75% diversity across gender, racial and ethnic representation among the Allegion Board of Directors (Board), while gaining greater depth in critical skills and experience.
- Tied a component of annual incentive compensation payouts for our executive leadership team to Allegion’s annual ESG scorecard performance.
- Maintained an independent Board chair, Board committees and committee chairs.
Visit the Allegion ESG microsite for more details on these KPIs, additional highlights and how they are all measured.
Digital Annual Report
With a refreshed design, the “2023 Annual Report & More” microsite (www.allegion.com/annualreport) is a snapshot of Allegion’s 2023 performance, as well as 10-year reflections given the company’s milestone anniversary in
In full, the digital annual report features three sections:
- Performance: Download the 2023 financial infographic, watch the “Allegion by the Numbers” video for company financial and data-based highlights and access the full newsroom of 2023 quarterly results press releases.
- 2023 in Review: Read stories about employees and teams from across the globe who were recognized with awards, honors and business achievements that made an impact. The section also features innovative solutions from 2023, highlighting a selection of new products and services from Allegion brands.
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Strategy in Action: Learn more about Allegion’s vision, strategy and the employees who innovate to better secure people and their property where they live, learn, work and connect. This section provides an overview of how
Allegion delivered on its business strategy in 2023.
In his annual letter to shareholders, Stone shared, “Over the last 10 years,
Visit the Allegion Annual Report & More microsite to download a copy of this full letter or explore the additional 2023 highlights.
About
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding our strategy, ESG goals and ability to achieve these goals, the company’s business plans and strategy, and the company’s growth strategy. These forward-looking statements generally are identified by the words “believe,” “aim,” “project,” “expect,” “anticipate,” “project,” “estimate,” “forecast,” “outlook,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” or the negative thereof or variations thereon or similar expressions generally intended to identify forward-looking statements. Undue reliance should not be placed on any forward-looking statements, as these statements are based on the company's currently available information and our current assumptions, expectations and projections about future events. They are subject to future events, risks and uncertainties - many of which are beyond the company’s control - as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Important factors and other risks that may affect the company's business or that could cause actual results to differ materially are included in filings the company makes with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240731821016/en/
Media Contact:
317-810-3241
Whitney.Moorman@allegion.com
Analyst Contacts:
317-810-3107
Jobi.Coyle@allegion.com
463-210-8595
Joshua.Pokrzywinski@allegion.com
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