Government Employees Insurance Company Sustainability Profile
Government Employees Insurance Company, commonly known as GEICO, is a leading provider of auto insurance in the United States. Headquartered in Chevy Chase, Maryland, GEICO operates across various regions, offering services to millions of policyholders nationwide. Founded in 1936, the company has achieved significant milestones, including becoming one of the largest auto insurers in the country. GEICO is renowned for its competitive pricing and innovative insurance solutions, including auto, motorcycle, and homeowners insurance. Its unique direct-to-consumer model allows for cost savings that are passed on to customers. With a strong market position, GEICO has consistently been recognised for its exceptional customer service and claims handling, solidifying its reputation as a trusted name in the insurance industry.
DitchCarbon Score
How does Government Employees 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
Government Employees Insurance Company's score of 22 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Government Employees Insurance Company's reported carbon emissions
As of the latest available data, Government Employees Insurance Company (GEICO) does not report specific carbon emissions figures, indicating a lack of publicly disclosed emissions data. The company is a current subsidiary of Berkshire Hathaway Inc., which may influence its climate commitments and reporting practices. GEICO has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other recognised frameworks. Additionally, there are no documented climate pledges or reduction initiatives available in the public domain. Given its corporate structure, any climate commitments or emissions data may be inherited from its parent company, Berkshire Hathaway Inc., which operates under its own sustainability and emissions reduction strategies. However, without specific emissions data or targets from GEICO, it is challenging to assess its individual climate impact or commitments. In summary, while GEICO is part of a larger corporate family that may have climate initiatives, it currently lacks specific emissions data and reduction targets, making it difficult to evaluate its environmental performance independently.
How Carbon Intensive is Government Employees Insurance Company's Industry?
How Carbon Intensive is Government Employees Insurance Company's Location?
Government Employees 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.
Government Employees Insurance Company 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.
