State Farm

State Farm has set a significant climate commitment to reduce its greenhouse gas (GHG) emissions by 50% by 2030, using 2019 as its baseline year. This target encompasses both direct emissions from owned or controlled sources (Scope 1) and indirect emissions consumed (Scope 2). The company's goal is aligned with the Science-Based Targets initiative's (SBTi) objective of limiting global temperature rise to below 1.5 degrees Celsius by 2050.

For its most recent reported year, 2024, State Farm reported Scope 1 and 2 emissions totalling approximately 90,523,000 kg CO2e. This represents a notable decrease from previous years, with 2023 emissions at about 100,492,000 kg CO2e, 2022 at approximately 108,842,000 kg CO2e, and 2021 at about 125,522,000 kg CO2e. Emissions in 2020 were approximately 173,144,000 kg CO2e, and in 2019, they stood at approximately 202,004,000 kg CO2e. The data indicates a downward trend in Scope 1 and 2 emissions over the period. State Farm acknowledges that Scope 3 emissions, specifically purchased goods and services, are a missing data point in its reporting.

The company's impact reports highlight progress towards its reduction goals, with on-track status noted for two-year and five-year projections related to its 2021 announcement. State Farm's commitment is further demonstrated through its alignment with the SBTi.