Allegion Releases 2022 Annual Report, ESG Metrics
Allegion plc (NYSE: ALLE), a leading global security products
and solutions provider, has released its 2022 Annual Report,
environmental, social and governance (ESG) updates and additional
year-in-review content, all available at www.allegion.com.
Digital Annual Report & More Updates
Allegion’s “Annual Report & More” microsite features a
collection of digital updates on the company and its performance,
including its 2022 Annual Report (Form 10-K); its 2023 Notice of
Annual General Meeting of Shareholders and Proxy Statement; and
President and CEO John H. Stone’s first annual letter to
shareholders. The interactive webpages are found
In addition to the company’s performance, users can learn more
about Allegion’s strategy, which focuses on building on its
existing legacy, delivering new value in access, nurturing
strategic partnerships and delivering excellent customer
experiences – all guided by its vision of enabling seamless access
and a safer world. They can also explore achievements, innovations
and employee culture, including:
- Timeline of significant events during 2022 for Allegion and its
brands, such as product, website and service introductions, major
awards, M&A activity, leadership updates and community
- Graphics, videos and reports that highlight the year’s
- Content that celebrates Allegion’s manufacturing history,
operational footprint and shares employee voices from around the
- Corporate social responsibility updates and highlights on
diversity, equity and inclusion (DEI) as well as ESG.
- Information about Allegion’s leadership team, company facts and
the latest news.
“Commitment to accountability and transparency are priorities
for Allegion,” said Stone, who joined the company in July 2022.
“Our success is driven by strong values, category-leading brands
and dedicated people. We want our stakeholders to have access to
the information they need to fully understand our business, our
culture and our vision for the future.”
ESG Goals & Key Performance Indicators
Allegion has updated ESG goals and key performance indicators on
the website at www.allegion.com/ESG and published its 2022 ESG
Summary Report there, too. In the ESG web section, visitors find
detailed information for each of the three pillars of ESG as well
as the company’s Materiality Matrix, with details of the factors
most important to Allegion’s business and key external
stakeholders, including investors, customers, suppliers and
Key 2022 ESG highlights include:
- Water usage was reduced 12% compared to the 2020 baseline.
- Greenhouse gas emissions intensity was reduced 20% compared to
the 2020 baseline.
- The use of carbon-free electricity has tripled since 2020 and
is now at 14%.
- Employee engagement is at a nine-year high.
- 25% of people managers are women.
- The Board of Directors chair is independent and separate from
- Annual executive incentive plan design includes an ESG
scorecard component beginning in 2023.
Please see the Allegion ESG web section for more details on
these highlights and how they are measured.
“We have a responsibility to keep our employees safe, operate
sustainably, live up to our high ethical standards and serve the
communities where we work and live,” Stone added. “We’re not just
doing this to check a box. I’m proud of the progress we’re making
and see first-hand the way that employee engagement and our
commitment to sustainability have a direct connection to our
strategy of enabling seamless access and a safer world.”
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, but not limited to,
statements regarding our strategy, ESG goals and ability to achieve
these goals, the company’s business plans and strategy, and the
company’s growth strategy. These forward-looking statements
generally are identified by the words “believe,” “aim,” “project,”
“expect,” “anticipate,” “project,” “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. Undue reliance should not be placed on any
forward-looking statements, as 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. Important
factors and other risks that may affect the company's business or
that could cause actual results to differ materially are included
in filings the company makes with the Securities and Exchange
Commission from time to time, including its Annual Report on Form
10-K and its Quarterly Reports on Form 10-Q and in its other SEC
filings. All forward-looking statements in this press release are
expressly qualified by such cautionary statements and by reference
to the underlying assumptions. The company undertakes no obligation
to update these forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
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 $3.3 billion in revenue in 2022, and its security
products are sold around the world.
For more, visit www.allegion.com.
version on businesswire.com: https://www.businesswire.com/news/home/20230501005143/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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