Allegion plc (NYSE: ALLE), a leading global security products
and solutions provider, is creating additional transparency for
company stakeholders with the release of two allegion.com features
– the new “Environmental, Social and Governance (ESG) Goals &
Key Performance Indicators” webpage and the 2021 digital “Annual
Report & More.”
ESG Goals & Key Performance Indicators Webpage
Available within the company’s dedicated ESG web section at
www.allegion.com/ESG, Allegion has published – for the first time –
a full set of ESG goals and related key performance indicators.
Highlights of the published goals include but are not limited
to:
- By 2030, Allegion aims to achieve a 10 percent reduction in
greenhouse gas (GHG) emissions intensity and a 20 percent reduction
in water usage and total waste to landfill (compared to the
baseline year 2020).
- By 2050, Allegion aims to achieve carbon neutral emissions
globally and has set interim goals 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 manager roles, Allegion aims
to achieve 30 percent global gender diversity and 20 percent U.S.
racial and ethnic diversity.
- By 2030, Allegion aims to reach the top 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 goals are displayed in
easy-to-read charts and graphs. In addition, standards and
milestones are shared for ESG factors like product quality and
safety, supplier management, supplier diversity, enterprise risk
management, privacy, and business ethics and compliance, among
others. Making this information publicly available is part of
Allegion’s ongoing and intentional efforts to provide transparency
on company sustainability priorities and progress.
“Corporate social responsibility and sustainability, alongside
our company values, continue to guide decision making at Allegion,”
said Dave Petratis, chairman, 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 make a positive impact in the
communities where we live and work, this has never been more
important.”
2021 Digital Annual Report & More
For the second year in a row, Allegion has released a unique
digital-forward year in review with its “Annual Report & More”
webpages found at www.allegion.com/annualreport.
By visiting, users can quickly download Allegion’s 2021 Annual
Report (Form 10-K), the “2022 Notice of Annual General Meeting of
Shareholders and Proxy Statement” and the annual CEO letter to
shareholders.
The 2021 Annual Report & More section features an
interactive user experience with a range of engaging content
pieces, including:
- a key events timeline, providing a month-by-month view of last
year’s company accomplishments;
- an innovation “look book,” offering a glimpse of Allegion’s
innovation engines alongside key 2021 product highlights;
- downloadable infographics on Allegion’s 2021 ESG milestones and
financial performance;
- a current manufacturing footprint map, showcasing where
Allegion’s global production facilities are located; and
- videos highlighting the company’s record of innovation, its
environmental, health and safety culture, manufacturing career
opportunities, and more.
“The reflections shared through our digital annual report
provide company stakeholders with a timely overview of Allegion’s
2021 performance and, just as important, how we achieved results
through innovative products and partnerships, through ESG
commitments, through manufacturing excellence, through a culture
driven by values and so much more,” said Petratis.
Both the new ESG webpage and the updated digital annual report
can also easily be accessed via the top-hand navigation of
www.allegion.com under “ESG” and “About Allegion,”
respectively.
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 statements regarding
the continued impacts of the global COVID-19 pandemic, supply chain
constraints, electronic component and labor shortages, inflation,
rising freight and material costs, impacts of Russia’s invasion of
Ukraine including further supply chain disruptions and the
increased risk of cyber-attacks in connection with such invasion,
the company's 2022 financial performance, the company’s business
plans and 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 generally are identified by the
words “believe,” “project,” “expect,” “anticipate,” “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. Forward-looking statements may
relate to such matters as projections of revenue, margins,
expenses, tax provisions, earnings, cash flows, benefit
obligations, dividends, share purchases or other financial items;
any statements of the plans, strategies and objectives of
management for future operations, including those relating to any
statements concerning expected development, performance or market
share relating to our products and services; any statements
regarding future economic conditions or our performance; any
statements regarding pending investigations, claims or disputes;
any statements 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 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.
Further information on these factors and other risks that may
affect the company's business is included in filings it makes with
the Securities and Exchange Commission from time to time, including
its Form 10-K for the year ended Dec. 31, 2021, Form 10-Q for the
quarters ended March 31, 2021, June 30, 2021, and Sept. 30, 2021,
and in its other SEC filings. The company undertakes no obligation
to update these forward-looking statements.
About Allegion
Allegion (NYSE: ALLE) is a global pioneer in seamless access,
with leading brands like CISA®, Interflex®, LCN®, Schlage®,
SimonsVoss® and Von Duprin®. Focusing on security around the door
and adjacent areas, Allegion secures people and assets 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 around the world.
For more, visit www.allegion.com.
Citation:
*Gallup is a registered trademark of Gallup, Inc. and the
property of its owner.
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version on businesswire.com: https://www.businesswire.com/news/home/20220418005625/en/
Media Contact: Whitney Moorman – Reputation Management
Leader 317-810-3241 Whitney.Moorman@allegion.com
Analyst Contact: Tom Martineau – Vice President, Investor
Relations, and Treasurer 317-810-3759
Tom.Martineau@allegion.com
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