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.
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.
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.
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.
As of 2023, State Farm reported a total carbon emissions of approximately 100,492,000 kg CO2e for Scope 1 and 2 combined. This figure reflects a significant reduction from previous years, showcasing a commitment to lowering their carbon footprint. In 2022, their emissions were about 108,842,000 kg CO2e, while in 2021, they were approximately 125,522,000 kg CO2e. The breakdown of emissions indicates that in 2023, State Farm's Scope 1 emissions were not specified, but their Scope 2 emissions were included in the total. In 2022, Scope 1 emissions were about 43,107,000 kg CO2e, and Scope 2 emissions were approximately 68,343,000 kg CO2e. Despite these reductions, State Farm has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. Their ongoing efforts reflect a broader industry trend towards sustainability and carbon neutrality, although specific future commitments remain unspecified.
Access structured emissions data, company-specific emission factors, and source documents
Get Started2019 | 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 | - | - | - | - | - |
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.