Allegion Releases 2023 ESG Metrics, Digital Annual Report

Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has released its 2023 environmental, social and governance (ESG) metrics and digital annual report, available at www.allegion.com.

ESG Goals and Key Performance Indicators (KPIs)

Allegion has updated its ESG microsite (www.allegion.com/ESG) with 2023 metrics. The webpages offer transparent information on Allegion’s commitment to sustainability efforts, featuring goals, KPIs and recent progress highlights across environmental impact, employee safety, product quality, supplier management, diversity, equity and inclusion, ethics, compliance, privacy and additional ESG focus areas for the company.

“We’re dedicated to positively impacting the world around us – not just in terms of making it safer through our work in security and access, but also in terms of corporate social responsibility and sustainability,” said Allegion President and CEO John H. Stone. “We have one of the safest and most engaged workforces in manufacturing. We regularly give back to our communities, through organizations like Habitat for Humanity, the Red Cross and many other local causes, all while holding ourselves accountable to a set of unwavering core values and ESG commitments.”

2023 ESG highlights include:

• Decreased water usage intensity by 16% compared to the 2020 baseline.
• Decreased greenhouse gas emissions intensity (Scope 1 and 2) by 30% compared to the 2020 baseline.
• Achieved a waste diversion rate of 87%.­­
• Increased our carbon-free electricity usage to 26%, more than quadruple the 2020 baseline.
• Decreased our year-over-year lost time incident rate by 42%.
• Reached 75% diversity across gender, racial and ethnic representation among the Allegion Board of Directors (Board), while gaining greater depth in critical skills and experience.
• Tied a component of annual incentive compensation payouts for our executive leadership team to Allegion’s annual ESG scorecard performance.
• Maintained an independent Board chair, Board committees and committee chairs.

Visit the Allegion ESG microsite for more details on these KPIs, additional highlights and how they are all measured.