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 22 is higher than 50% 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 of approximately 100,492,000 kg CO2e in market-based emissions for Scope 1 and 2 combined. In previous years, the company demonstrated a commitment to reducing its carbon footprint, with emissions of about 43,107,000 kg CO2e in Scope 1 and approximately 68,343,000 kg CO2e in Scope 2 for 2022. In 2021, State Farm's emissions were about 40,499,000 kg CO2e for Scope 1 and approximately 87,110,000 kg CO2e for Scope 2. The trend shows a gradual decrease in Scope 1 emissions from about 59,041,000 kg CO2e in 2019 to 41,070,000 kg CO2e in 2022, indicating a focus on reducing direct emissions from owned or controlled sources. Despite these reductions, there are currently no specific reduction targets or climate pledges disclosed by State Farm, which suggests a need for further commitment to industry-standard climate initiatives. The company has not reported on Scope 3 emissions, which typically encompass indirect emissions from the value chain, highlighting an area for potential improvement in their climate strategy.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 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.