American Agri-Business Insurance Company Sustainability Profile
American Agri-Business Insurance Company, often referred to as AABIC, is a leading provider of insurance solutions tailored specifically for the agricultural sector. Headquartered in the United States, AABIC operates extensively across major agricultural regions, offering comprehensive coverage to farmers and agribusinesses. Founded in 2005, AABIC has established itself as a trusted partner in the industry, focusing on crop insurance, livestock coverage, and risk management services. Their unique approach combines innovative products with a deep understanding of the agricultural landscape, ensuring clients receive tailored solutions that meet their specific needs. With a strong market position, AABIC has achieved notable milestones, including recognition for its commitment to customer service and industry expertise. As a key player in the agri-business insurance market, AABIC continues to support the growth and sustainability of American agriculture.
DitchCarbon Score
How does American Agri-Business Insurance Company's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
American Agri-Business Insurance Company's score of 49 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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American Agri-Business Insurance Company, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is a current subsidiary of Sompo Holdings, Inc., which influences its climate commitments and initiatives. While there are no documented reduction targets or specific climate pledges from American Agri-Business Insurance Company, it inherits its climate strategy from its parent organisation, Sompo Holdings, Inc. This includes participation in various sustainability initiatives, such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), both of which are cascaded down from Sompo Holdings, Inc. at a cascade level of 8. As a part of the broader corporate family, American Agri-Business Insurance Company aligns with industry standards for climate action, although specific targets and achievements are not detailed at this level. The company is positioned within a sector increasingly focused on reducing carbon footprints and enhancing sustainability practices, reflecting a growing commitment to addressing climate change.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is American Agri-Business Insurance Company's Industry?
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American Agri-Business Insurance Company's Scope 3 Categories Breakdown
American Agri-Business Insurance Company's Scope 3 emissions, which increased by 116% last year and increased by approximately 421% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 64% of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 54% of Scope 3 emissions.
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American Agri-Business Insurance Company's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
American Agri-Business Insurance Company has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
