State Farm Sustainability Profile
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 lower than 55% 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 reduction from about 108,842,000 kg CO2e in 2022. This reflects a commitment to reducing Scope 1 and 2 emissions, with a target to achieve a 50% reduction by 2030, using 2019 emissions levels as a baseline. In 2019, State Farm's Scope 1 emissions were about 59,041,000 kg CO2e, while Scope 2 emissions totalled approximately 142,963,000 kg CO2e. The company has set ambitious near-term goals to significantly lower its carbon footprint, focusing on both Scope 1 and 2 emissions. The reduction targets are part of a broader strategy to enhance sustainability and address climate change impacts. State Farm's emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported. Overall, State Farm's ongoing efforts demonstrate a proactive approach to climate commitments, aiming for substantial reductions in GHG emissions over the coming years.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | - | - | - | - | - |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is State Farm's Industry?
How Carbon Intensive is State Farm's Location?
State Farm'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.
State Farm 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.
