Allison Transmission Releases 2021 Environmental, Social and Governance Report
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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 approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
Legal
This press release contains forward-looking statements. The words “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management’s good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, wars and pandemics; global economic volatility; general economic and industry conditions, including the risk of recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism; 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 identify, consummate and effectively integrate acquisitions and collaborations; risks related to our indebtedness; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. 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 and risks related to our indebtedness.
SOURCE Allison Transmission Holdings Inc.