Farmers Group, Inc. Sustainability Profile
Farmers Group, Inc., a prominent player in the insurance industry, is headquartered in the United States and operates extensively across various regions. Founded in 1928, the company has established itself as a trusted provider of insurance solutions, focusing primarily on auto, home, and business insurance. With a commitment to customer service and innovative coverage options, Farmers Group stands out for its tailored policies that meet the diverse needs of its clients. The company has achieved significant milestones, including a strong market position and recognition for its comprehensive insurance offerings. Farmers Group, Inc. continues to be a leader in the insurance sector, known for its dedication to protecting what matters most to its customers while adapting to the evolving landscape of the industry.
DitchCarbon Score
How does Farmers Group, Inc.'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
Farmers Group, Inc.'s score of 72 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Farmers Group, Inc., headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Zurich Insurance Group AG, which influences its climate commitments and emissions reporting. As part of its climate strategy, Farmers Group, Inc. inherits reduction initiatives and targets from Zurich Insurance Group AG, which operates at a cascade level of 2. This includes participation in various sustainability initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, specific reduction targets or achievements for Farmers Group, Inc. have not been disclosed. While no absolute emissions figures are provided, the company's alignment with Zurich Insurance Group AG's climate commitments suggests a focus on reducing carbon footprints and enhancing sustainability practices within the insurance sector. Further details on specific emissions data or reduction targets may be available through Zurich Insurance Group AG's disclosures.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 20,664,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 2 | 24,211,000 | 00,000,000 | 0,000,000 | - | 0,000,000 | 0,000,000 |
| Scope 3 | 132,515,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Farmers Group, Inc.'s Industry?
How Carbon Intensive is Farmers Group, Inc.'s Location?
Farmers Group, Inc.'s Scope 3 Categories Breakdown
Farmers Group, Inc.'s Scope 3 emissions, which decreased by 5% last year and decreased by approximately 71% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 68% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 43% of Scope 3 emissions.
Top Scope 3 Categories
Farmers Group, Inc.'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.
Farmers Group, Inc. 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.
