Property and casualty insurer Allstate announced today that it has joined CDP supply chain, and will begin asking key suppliers to report emissions data to CDP’s platform.
According to global non-profit CDP, the environmental impact of most companies’ supply chains is many times that of their own operations. CDP Supply Chain is a global disclosure system that enables companies to measure and manage their environmental impact. The system currently has over 150 members, engaging over 15,000 suppliers on environmental issues.
Cheryl Harris, Allstate Senior Vice President of Sourcing and Procurement Solutions, said:
“Allstate has been reporting to CDP since 2007. With a large global supply chain, we know that continuously working to mitigate our emissions and improve environmental disclosures extends to those we do business with. This decision was the natural next step in our environmental, social and governance reporting journey.”
Michael Thomas, Allstate Vice President of Administration and Real Estate, added:
“This milestone is a signal to suppliers, investors and other stakeholders that we take climate risk and environmental transparency seriously across our business.”