Alleghany Corporation Announces Inaugural Environmental, Social And Governance Report

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Alleghany Corporation (NYSE: Y) has released its first Environmental, Social and Governance (ESG) report, which focuses on four core pillars: Supporting Climate Resilience, Investing Sustainably, Developing Human Capital, and Long-Term Governance. The report illustrates Alleghany's commitment to creating long-term value for stakeholders while navigating environmental risks and opportunities. The leadership emphasizes the importance of ESG principles in corporate governance, aiming to provide transparency about the company's sustainability practices and goals.

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• Launch of inaugural ESG report showcases commitment to long-term stakeholder value.
• Focus on critical areas: climate resilience, sustainable investments, and human capital development.

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• None.

NEW YORK, March 26, 2021 /PRNewswire/ -- Alleghany Corporation (NYSE: Y) announced today it has published its inaugural Environmental, Social and Governance ("ESG") report.  The report focuses on four core pillars: Supporting Climate Resilience, Investing Sustainably, Developing Human Capital, and Governing Our Business for the Long-Term, and is available in the newly launched ESG section of the Alleghany website.

"Alleghany's inaugural ESG report reflects our focus on creating long-term value that is not only beneficial from a financial perspective, but also promotes a culture centered on building long-term value for all of Alleghany's stakeholders, including investors, clients and customers, employees, and the larger communities to which Alleghany and its subsidiaries belong," said Jefferson W. Kirby, Chairman of Alleghany. "ESG matters are not just about Alleghany, they are also about how we help our customers and clients navigate environmental risks and take advantage of environmental opportunities, as well as how we address our businesses' impact on the environment."

"In light of the increasing importance of ESG principles to corporate governance, we are pleased to provide a comprehensive resource detailing our current and evolving practices so that all of our stockholders and their advisors fully understand our approach," said Weston M. Hicks, President and Chief Executive Officer of Alleghany. "Our report helps illuminate our approach to ESG, provides a better appreciation of how sustainability has always been deeply ingrained in our culture, and lays out our framework to build upon the ESG principles in our business and governance practices."

To learn more about Alleghany's approach to corporate responsibility and ESG, visit here.

About Alleghany Corporation

Alleghany Corporation (NYSE:Y) creates value by owning and supporting its operating subsidiaries and managing investments, anchored by a core position in property and casualty reinsurance and insurance. Alleghany's property and casualty subsidiaries include: Transatlantic Holdings, Inc., a leading global reinsurer; RSUI Group, Inc., which underwrites wholesale specialty insurance coverages including property, casualty, professional liability and directors' and officers' liability; and CapSpecialty, Inc., an underwriter of commercial property, casualty and surety insurance coverages.

Alleghany's subsidiary Alleghany Capital Corporation ("Alleghany Capital") owns and manages a diverse portfolio of industrial and non-industrial businesses. Alleghany Capital's industrial businesses include: (i) Precision Cutting Technologies, Inc., which provides precision automated machine tool solutions and high-performance carbide end mills and manufactures and services waterjet orifices and nozzles; (ii) R.C. Tway Company, LLC (dba "Kentucky Trailer"), a manufacturer of custom trailers and truck bodies for the moving and storage industry and other markets; (iii) WWSC Holdings, LLC, a structural steel fabricator and erector; and (iv) Wilbert Funeral Services, Inc., a provider of products and services for the funeral and cemetery industries and precast concrete markets.  Alleghany Capital's non-industrial businesses include: (i) IPS-Integrated Project Services, LLC, a design, engineering, procurement, construction management and validation service provider focused on the global pharmaceutical and biotechnology industries; (ii) Jazwares, LLC, a global toy and musical instrument company; and (iii) CHECO Holdings, LLC, a hotel management and development company. For additional information about Alleghany Capital, please visit www.alleghanycc.com.

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SOURCE Alleghany Corporation

FAQ

What is Alleghany Corporation's ESG report about?

Alleghany Corporation's ESG report outlines its commitment to environmental, social, and governance principles, focusing on sustainability and long-term value creation.

When was Alleghany Corporation's ESG report published?

The ESG report was published on March 26, 2021.

How does Alleghany Corporation plan to support climate resilience?

The report highlights Alleghany's commitment to supporting climate resilience through sustainable investments and governance practices.

What are the key pillars of Alleghany Corporation's ESG report?

The key pillars include Supporting Climate Resilience, Investing Sustainably, Developing Human Capital, and Long-Term Governance.

Where can I find Alleghany Corporation's ESG report?

The ESG report is available on the newly launched ESG section of Alleghany's website.