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 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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State Farm's reported carbon emissions
In 2023, State Farm reported total market-based greenhouse gas (GHG) emissions of approximately 100,492,000 kg CO2e, a decrease from about 108,842,000 kg CO2e in 2022 and 125,522,000 kg CO2e in 2021. This trend indicates a commitment to reducing emissions, particularly in Scope 1 and 2 categories, which encompass direct emissions from owned or controlled sources and indirect emissions from the generation of purchased electricity, respectively. State Farm has set an ambitious target to reduce its Scope 1 and 2 GHG emissions by 50% by 2030, using 2019 as the baseline year. This goal reflects a proactive approach to climate action, aligning with industry standards for sustainability and emissions reduction. The emissions data is not cascaded from any parent organization, indicating that State Farm's reporting is independent. The company continues to focus on enhancing its sustainability practices while addressing the challenges posed by climate change.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | - | - | - | - | - |
| 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 participating in any of the initiatives that 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.
