First American Financial Sustainability Profile
First American Financial Corporation, commonly known as First American, is a leading provider of title insurance and settlement services, headquartered in the United States. Founded in 1889, the company has established a strong presence across major operational regions, including California, Texas, and Florida. With a focus on real estate transactions, First American offers a comprehensive range of products and services, including title insurance, escrow services, and property data solutions. What sets them apart is their commitment to innovation and customer service, ensuring seamless transactions for buyers and sellers alike. As a prominent player in the title insurance industry, First American has achieved significant milestones, including being listed on the Fortune 500. Their dedication to quality and reliability has solidified their market position, making them a trusted partner in real estate transactions nationwide.
DitchCarbon Score
How does First American Financial'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 Services Auxiliary to Financial Intermediation 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
First American Financial's score of 32 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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First American Financial's reported carbon emissions
In 2023, First American Financial reported total carbon emissions of approximately 20,845,000 kg CO2e, comprising 1,015,000 kg CO2e from Scope 1 and 19,830,000 kg CO2e from Scope 2 emissions. This marked a slight decrease from 2022, where total emissions were about 22,912,000 kg CO2e, with Scope 1 at 1,119,000 kg CO2e and Scope 2 at 21,793,000 kg CO2e. The company has not disclosed any Scope 3 emissions data for these years. Despite the absence of specific reduction targets or initiatives, First American Financial is committed to improving its environmental impact. The company has not reported any climate pledges or SBTi (Science Based Targets initiative) reduction targets, indicating a potential area for future development in their climate strategy. The emissions data is sourced directly from First American Financial Corporation, with no cascaded data from parent or related organizations. As the company continues to assess its carbon footprint, it may consider establishing more defined climate commitments to align with industry standards and expectations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 432,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,737,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 83,000 | - | 00,000,000 | 00,000,000 | - | - |
How Carbon Intensive is First American Financial's Industry?
How Carbon Intensive is First American Financial's Location?
First American Financial's Scope 3 Categories Breakdown
First American Financial's Scope 3 emissions, which decreased by 11% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 40% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 87% of Scope 3 emissions.
Top Scope 3 Categories
First American Financial'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.
First American Financial has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
