“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 organisations 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.”

Some of the highlights and succeses outined in the 2023 ESG report 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 carbon-free electricity usage to 26%, more than quadruple the 2020 baseline.

• Decreased 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 executive leadership team to Allegion’s annual ESG scorecard performance.

• Maintained an independent Board chair, Board committees and committee chairs.

Digital Annual Report

With a refreshed design, the “2023 Annual Report & More” microsite is a snapshot of Allegion’s 2023 performance, as well as 10-year reflections given the company’s milestone anniversary in December 2023. It includes easy access to Allegion’s 2023 Annual Report (Form 10-K), the 2024 Proxy Statement and Stone’s second annual letter to shareholders.

In his annual letter to shareholders, Stone shared, “Over the last 10 years, Allegion has provided peace of mind through safety and security to millions of people. And with our vision of enabling seamless access and a safer world, Allegion still has even more opportunities ahead to fulfill our mission while creating long-term shareholder value… Allegion has much to be proud of — but the future is even more exciting.”