AllState

The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body and delegates responsibility for implementing its sustainability strategy to functions, teams or committees within the financial institution.

The financial institution has a publicly available policy statement committing it to respect human rights. In addition, the financial institution monitors its scope 1-2 emissions.

The financial institution monitors other scope 3 categories, by category.

While AllState identifies material sustainability impacts across its value chain, further detail on the process and criteria for prioritisation is needed. Recommendations include disclosing third-party assurance of target reporting and linking senior executive remuneration to sustainability targets. Although it states it does not use lobbying to create adverse sustainability impacts, no commitment is made.

The institution does not provide products or services to certain fossil fuel projects but does not address all fossil fuels. Additionally, while AllState discloses financed emissions, the institution could improve the coverage and detail the methodology for footprint calculations. Recommendations also include breaking down clients by income group and avoiding unintended divestment from low-income countries due to sustainability strategies. The entity has a human rights statement with risk assessment and due diligence, but there is no evidence of including ILO fundamental rights risks. It is recommended to disclose a process for identifying social risks related to the net zero transition and to provide examples of actions taken on salient human rights issues from assessments in the last three years.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.