Allison Transmission Releases 2021 Environmental, Social and Governance Report
The 2021 ESG Report highlights the company’s commitment to improving the environment, the lives of its employees and local communities.
INDIANAPOLIS, June 14, 2022 – Allison Transmission recently released its 2021 Environmental, Social and Governance (ESG) Report designed to provide transparent data on the company’s environmental performance, social impacts and how these practices are governed.
“The world is undergoing extraordinary change and facing unprecedented challenges. From how we communicate and do business, to how we transport people and goods around the globe, to the challenge of meeting the world’s growing energy needs in a sustainable way while minimizing the impact to the environment,” said David Graziosi, Chairman and CEO of Allison Transmission. “As the commercial vehicle industry continues to evolve, Allison’s mission remains clear. We are committed to Improving the Way the World Works with fuel efficient, reliable and innovative propulsion solutions that deliver the performance, quality and differentiated value proposition our customers have come to expect from the Allison brand.”
Allison is committed to its leadership role in fuel and energy efficient propulsion solutions that support sustainability and environmental initiatives. In recent years, the company has expanded its product lineup to include a broad portfolio of fully electric propulsion solutions. Following the successful launch of the eGen Power 100DTM fully electric axle, Allison introduced two new e-Axle variants in 2021 to further address the wide range of applications and markets Allison serves. The company also made significant investments in infrastructure to support advancements in commercial vehicle technology, including the opening of a cutting-edge Innovation Center and completing upgrades to the state-of-the-art Vehicle Electrification + Environmental Test Center located at its global headquarters in Indianapolis. In addition to developing electric vehicle propulsion technology, Allison continues to invest in increasingly fuel-efficient conventional propulsion solutions for the global on-highway and off-highway end markets. Innovative software features such as FuelSense® 2.0 allow OEMs to further improve fuel efficiency by up to 6% and reduce CO2 emissions. Allison’s fully automatic transmissions and software efficiency features are also compatible with alternative combustible fuels, such as natural gas and propane, which enable fleets to use familiar and proven hardware to achieve reduced emissions.
For more than 100 years, as Allison has grown, so has its commitment to being a responsible and compassionate corporate citizen. For more information on the intentional steps Allison is taking to improve the environment, the lives of its employees and its communities, please refer to the full 2021 Environmental, Social and Governance report here.
Jun 14, 2022
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; uncertainty in the global regulatory and business environments in which we operate; our participation in markets that are competitive; the highly cyclical industries in which certain of our end users operate; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the concentration of our net sales in our top five customers and the loss of any one of these; future reductions or changes in government subsidies for hybrid vehicles and other external factors impacting demand; U.S. defense spending; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; risks associated with our international operations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common stock; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.
SOURCE Allison Transmission Holdings Inc.