Allison Transmission Releases 2022 Environmental, Social and Governance Report
INDIANAPOLIS, June 15, 2023 – Allison Transmission has released its 2022 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.
“Allison and its peers are navigating an evolving commercial vehicle industry in preparation for upcoming changes to emissions standards and increased adoption of electric vehicle technology,” said David Graziosi, Chairman and CEO, Allison
Transmission. “These advancements present strong opportunities for innovation and growth. Due to our extensive experience and legacy of innovation, Allison is well-positioned to drive the next generation of propulsion solutions that will help
our customers and the world reduce emissions and protect our planet.”
Allison is committed to its leadership role in fuel and energy efficient propulsion solutions that support sustainability and environmental initiatives. This includes enhancing the company’s conventional transmissions to provide an ideal blend of
fuel economy and efficiency as well as evolving its product lineup to include a broad portfolio of electric hybrid and fully electric solutions. In 2022, Allison once again expanded its eGen Power® family of electric axles to include the eGen
Power 130S, specifically designed to support the 13-ton gross axle weight rating often required in Europe and Asia-Pacific markets. The first transit buses equipped with the Allison eGen Flex™ electric hybrid system were delivered to the Indianapolis
Public Transportation Corporation in June 2022, marking a milestone in Allison’s efforts to provide transit agencies with technology that supports sustainability goals.
Allison’s dedication to innovation extends beyond commercial vehicles to defense vehicles. This past year, Allison combined its decades of experience in both defense and electric hybrid propulsion solutions to develop the new eGen Force™ electric
hybrid system for tracked defense vehicles. In addition to advancements in electric hybrid and fully electric propulsion, Allison’s fully automatic transmissions are 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
the communities we serve, please refer to the full 2022 Environmental, Social and Governance report: https://www.allisontransmission.com/company/corporate-responsibility.
15 Jun, 2023
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. 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.