State Farm
State Farm Mutual Automobile Insurance Company, commonly known as State Farm, is a leading provider of insurance and financial services headquartered in the United States. Founded in 1922, the company has grown to become one of the largest insurers in the nation, with a strong presence in auto, home, and life insurance sectors. With its headquarters in Bloomington, Illinois, State Farm operates extensively across the US, serving millions of customers through a vast network of agents. The company is renowned for its commitment to customer service and innovative products, including unique offerings like the State Farm Drive Safe & Save programme, which rewards safe driving habits. State Farm's market position is bolstered by its extensive financial strength and a reputation for reliability, making it a trusted choice for individuals and families seeking comprehensive insurance solutions.
DitchCarbon Score
How does State Farm'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
State Farm's score of 28 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
State Farm's reported carbon emissions
In 2023, State Farm reported approximately 100,492,000 kg CO2e in total market-based emissions for Scope 1 and 2. This figure reflects a significant reduction from previous years, with emissions of about 108,842,000 kg CO2e in 2022, 125,522,000 kg CO2e in 2021, and 173,144,000 kg CO2e in 2020. The breakdown of emissions shows that in 2020, Scope 1 emissions were approximately 41,664,000 kg CO2e, while Scope 2 emissions (market-based) were about 131,480,000 kg CO2e. In 2021, Scope 1 emissions decreased to around 40,499,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 87,110,000 kg CO2e. By 2022, Scope 1 emissions rose slightly to about 43,107,000 kg CO2e, while Scope 2 emissions (market-based) decreased to approximately 68,343,000 kg CO2e. Despite these reductions, State Farm has not publicly disclosed specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The company continues to focus on reducing its carbon footprint through various initiatives, although detailed plans or targets have not been specified. Overall, State Farm's emissions data indicates a positive trend towards reducing its carbon impact, aligning with broader industry efforts to address climate change.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 59,041,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 2 | 142,963,000 | 000,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
State Farm is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
