GlobalData offers a comprehensive analysis of Allegion, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Allegion‘s ESG performance. GlobalData’s company profile on Allegion offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Allegion, a global security products and solutions provider, has set ambitious climate change targets to reduce its carbon emissions. Allegion's latest filings mentioned the keywords ‘Emissions' and ‘Carbon’ most number of times in relation to 'Climate Change'.
The company aims to achieve carbon neutrality at 50% of its current sites by 2035 and globally by 2050. It has also set specific goals to adress climate change, including a 25% reduction in GHG emissions intensity, 20% reduction in water usage and total waste to landfill, and 100% carbon-free electricity.
Allegion has made significant progress towards its emission reduction targets. In 2020, the company achieved a 4% carbon-free electricity usage, which increased to 14% in 2022. It has also normalized its data to hours worked and has made progress in employee safety and environmental impact. To achieve its targets, Allegion has taken several steps, including investing in carbon-free electricity and purchasing 10,000 Emission Free Energy Credits (EFEC) in 2022. The company is also expected to take further measures in the future to reduce its emissions.
In conclusion, Allegion has set ambitious climate change targets to reduce its carbon emissions and has made significant progress towards achieving them. The company has taken steps to reduce its emissions and is expected to take further measures in the future. As a global security products and solutions provider, Allegion's commitment to reducing its environmental impact is commendable and sets an example for other companies to follow.