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.

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Allegion, a global provider of security products and solutions, has set ambitious targets to achieve catbon neutrality by reducing its carbon emissions. The company aims to achieve carbon neutrality at 50% of its current sites by 2035 and globally by 2050. Additionally, Allegion plans to reduce its greenhouse gas (GHG) emissions intensity by 25% and decrease water usage and total waste to landfill by 20% and aims to achieve them by 2030.

In terms of carbon emissions, Allegion's calculation includes all scope 1 and 2 emissions, excluding the company vehicle fleet. The company has made significant progress in transitioning to carbon-free electricity. In 2020, only 4% of the electricity used was carbon-free, but this increased to 14% in 2022. This achievement was supported by the purchase of 10,000 Emission Free Energy Credits (EFEC) in 2022.

To achieve its carbon neutrality targets, Allegion has taken several steps and has more planned for the future. The company has already invested in carbon-free electricity and aims to achieve 100% carbon-free electricity usage. This transition will contribute significantly to reducing its carbon emissions. Allegion is also focused on reducing its water usage and total waste to landfill, aiming for a 20% reduction.

In terms of progress, Allegion has made notable achievements in employee safety and environmental impact. The company has normalized its data to hours worked, ensuring accurate measurement and comparison. These efforts demonstrate Allegion's commitment to sustainability and its dedication to creating a safer and greener future.

The goal is to achieve carbon neutrality at 50% of the company's existing sites by 2035, aiming to expand this status globally and achieve carbon-neutral emissions across all operations by 2050. The company has already made progress in reducing its carbon emissions and transitioning to carbon-free electricity. With ongoing investments and initiatives, Allegion is actively working towards its emission reduction goals and contributing to a more sustainable future.

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