Allstate Highlights Diversity Commitments
(3BL Media/Just Means) - Allstate is famous as the "you're in good hands" insurance people. It is also known as a Fortune 100 company, the second-largest personal insurer in the U.S. with revenues of over $32 billion in 2012, and the largest insurance company that is publicly held. But what some people may not know is that Allstate is a company which upped its procurement spend with diverse suppliers by more than 1 percent last year to 6.6 percent. These include businesses owned by minorities, women, veterans, and members of the LGBT community. Allstate spent $304 million with 2,224 diverse suppliers and is now on track to reach its target of nine percent by 2015. That's just one of the details contained in Allstate's eleventh annual CR report, "Knowledge Applied."
Other highlights includes data on the company’s community involvement and social impact, which saw Allstate reach 103,000 domestic violence survivors with financial empowerment services and help decrease teen road death by 26 percent since 2008, besides 200,000 hours of staff involvement in volunteer work. The company has also invested $780 million in affordable housing projects developed through the Low-Income Housing Tax Credit program. Allstate has also made progress on the environmental front. It reduced GHG emissions by more than three percent in 2012, a nearly 22 percent reduction in carbon footprint since 2007. It also succeeded in reducing employee paper use by 12 percent over 2011. It saved more than 6 million pieces of paper by providing paperless solutions to its customers. Finally, the company achieved LEED certification for two Allstate-owned properties.
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Corporate Social Responsibility writer for Justmeans, Antonio Pasolini is a journalist based in Brazil who writes about alternative energy, green living and sustainability. He edits Energyrefuge.com, a top web destination for news and comment on renewable energy, and contributes articles on emerging technology to Gizmag. He is also a happy herbivore.
