Allison Transmission Releases 2021 Environmental, Social and Governance Report

Rhea-AI Summary

The 2021 ESG Report by Allison Transmission highlights its commitment to sustainability through transparent data on environmental performance and social impacts. The company has expanded its electric vehicle product lineup, introducing two new e-Axle variants in 2021, and made significant investments in commercial vehicle technology, including a new Innovation Center. Innovations like FuelSense^® 2.0 enhance fuel efficiency by up to 6%, promoting reduced emissions. The report emphasizes Allison's dedication to responsible corporate citizenship.

Positive

• Expansion of product portfolio with two new e-Axle variants for electric vehicles.
• Investment in infrastructure, including a new Innovation Center and upgrades to the Vehicle Electrification Test Center.
• FuelSense^® 2.0 technology improves fuel consumption by up to 6%.

Negative

• None.

The 2021 ESG Report highlights the company’s commitment to improving the environment, the lives of its employees and local communities.

INDIANAPOLIS--(BUSINESS WIRE)-- 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 100D™ 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 consumption 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: https://www.allisontransmission.com/docs/default-source/corporate-certifications/alsn-2021-esg-report_final.pdf?sfvrsn=4030d31d_1.

About Allison Transmission

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220614005296/en/

Claire Gregory

Director, Global External Communications

Claire.Gregory@allisontransmission.com

(317) 694-2065

Source: Allison Transmission

FAQ

What does Allison Transmission's 2021 ESG Report focus on?

The report focuses on Allison Transmission's transparency in environmental performance, social impacts, and governance.

What new electric vehicle products did Allison Transmission launch in 2021?

Allison Transmission launched two new e-Axle variants to expand its electric vehicle product lineup in 2021.

How much can FuelSense® 2.0 technology improve fuel consumption?

FuelSense® 2.0 technology can improve fuel consumption by up to 6%.

What investments did Allison Transmission make in commercial vehicle technology?

Allison Transmission invested in a new Innovation Center and upgraded its Vehicle Electrification Test Center.

What is the ticker symbol for Allison Transmission?

The ticker symbol for Allison Transmission is ALSN.