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 lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 and 125,522,000 kg CO2e in 2021. This data reflects Scope 1 and 2 emissions, with no reported Scope 3 emissions. The company 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 commitment aligns with industry standards for climate action and demonstrates State Farm's dedication to sustainability. The emissions data is sourced directly from State Farm Mutual Automobile Insurance Company, with no cascaded data from parent organisations.
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | - | - | - | - | - |
| Scope 3 | - | - | - | - | - |
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.
