DUBLIN–(BUSINESS WIRE)–Allegation plc (NYSE: ALLE), a leading global provider of security products and solutions, creates additional transparency for business stakeholders with the release of two allegion.com features – the new “Environmental, Social and Governance (ESG) Objectives and Key Performance Indicators webpage and digital 2021 »Annual report and more.”
Web page on ESG objectives and key performance indicators
Available on the company’s dedicated ESG web section at www.allegion.com/ESGAllegion has published – for the first time – a comprehensive set of ESG objectives and associated key performance indicators.
Highlights of published goals include, but are not limited to:
By 2030, Allegion aims to achieve a 10% reduction in greenhouse gas (GHG) emissions intensity and a 20% reduction in water consumption and total waste to landfill ( compared to the reference year 2020).
By 2050, Allegion aims to achieve carbon-neutral emissions globally and has set interim targets such as meeting Allegion’s electricity needs with carbon-free electricity by 2030. that is, the energy is produced by a non-fossil fuel source that generates no carbon emissions).
By 2030, for employees in people management positions, Allegion aims to achieve 30% global gender diversity and 20% racial and ethnic diversity in the United States.
By 2030, Allegion aims to reach the first quartile of the overall “GrandMean” for employee engagement (as measured by the company’s Global Employee Census, conducted by Gallup*).
Key performance indicators related to ESG objectives are displayed in easy-to-read charts and graphs. In addition, standards and milestones are shared for ESG factors such as product quality and safety, supplier management, supplier diversity, enterprise risk management, confidentiality, ethics and business compliance, among others. Making this information publicly available is part of Allegion’s ongoing and intentional efforts to provide transparency about the company’s sustainability priorities and progress.
“Corporate social responsibility and sustainability, along with our company values, continue to guide decision-making at Allegion,” said Dave Petratis, President and CEO of Allegion. “Publishing the ESG goals we aspire to achieve and the metrics that demonstrate the rate of progress will give our stakeholders additional clarity on Allegion’s path forward. As a company that aims to “do the right thing” and positively impact the communities where we live and work, this has never been more important. »
Digital Annual Report 2021 and more
For the second year in a row, Allegion has released a unique digital vanguard year in review with its “Annual Report and More” web pages found on www.allegion.com/annualreport.
By visiting, users can quickly download Allegion’s 2021 Annual Report (Form 10-K), the “Notice of 2022 Annual General Meeting of Shareholders and Proxy Circular” and the CEO’s annual letter to shareholders.
The 2021 Annual Report and Beyond section offers an interactive user experience with a range of engaging content, including:
a timeline of key events, providing a month-by-month view of the company’s accomplishments over the past year;
an innovation lookbook, providing an overview of Allegion’s innovation drivers as well as 2021 flagship products;
downloadable infographics on Allegion’s 2021 ESG milestones and financial performance;
a map of the current manufacturing footprint, showing where Allegion’s global production facilities are located; and
videos highlighting the company’s record on innovation, its environmental, health and safety culture, career opportunities in manufacturing, and more.
“The insights shared in our digital annual report provide business stakeholders with timely insight into how Allegion is performing in 2021 and, just as importantly, how we delivered results through innovative products and partnerships, to ESG commitments, manufacturing excellence, a values-driven culture and so much more,” said Petratis.
The new ESG webpage and updated digital annual report are also easily accessible via the top navigation of www.allegion.com under “ESG” and “About Allegion”, respectively.
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 statements regarding the ongoing impacts of the global COVID-19 pandemic, supply chain constraints, electronic component and labor shortages, inflation, rising freight and material costs, the impacts of Russia’s invasion of Ukraine, including further supply chain disruptions and the increased risk of cyberattacks related to such an invasion, the company’s financial performance in 2022, business plans and the company’s strategy, the company’s growth strategy, the company’s capital allocation strategy, the company’s tax planning strategies and the performance of the markets in which the company operates. These forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “expect”, “outlook”, “intend”, “strategy” , “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will,” “continue,” “probably result,” or the negative thereof or variations thereof or similar expressions generally intended to identify forward-looking statements. Forward-looking statements may relate to matters such as projections of revenues, margins, expenses, tax provisions, earnings, cash flows, obligations for benefits, dividends, stock purchases or other financial items; any statement of management’s plans, strategies and objectives for future operations, including those relating to any statement regarding the development, performance or share of expected market for our products and services; any statements regarding future economic conditions or our performance; any statements regarding ongoing investigations, claims or litigation; any statement of expectation or belief; and any statements of assumptions underlying any of the foregoing. These statements are based on the company’s currently available information and our current assumptions, expectations and projections regarding 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, which could cause actual results to differ materially from those in the forward-looking statements. Further information about these factors and other risks that could affect the company’s business is included in documents filed with the Securities and Exchange Commission from time to time, including its Form 10-K for the fiscal year ended December 31, 2021, Form 10-Q for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021, and in its other filings with the SEC. The company undertakes no obligation to update these forward-looking statements.
Allegion (NYSE: ALLE) is a global pioneer in transparent access, with leading brands such as CISA®Interflex®LCN®Schlage®SimonsVoss® and von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and property with a range of solutions for homes, businesses, schools and institutions. Allegion had $2.9 billion in revenue in 2021 and its security products are sold globally.
To learn more, visit www.allegion.com.
*Gallup is a registered trademark of Gallup, Inc. and the property of its owner.