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Public Profile
Insurance Services
US
updated 11 days ago

State Farm Sustainability Profile

Company website

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.

28

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.

33

Industry Benchmark

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.

46%

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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 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.

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20192020202120222023
Scope 1
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Scope 2
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Scope 3
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How Carbon Intensive is State Farm's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. State Farm's primary industry is Insurance Services, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is State Farm's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for State Farm is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare State Farm's Emissions with Industry Peers

Progressive

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 7 days ago

Aig

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated about 4 hours ago

Berkshire Hathaway Inc.

US
•
Other business services (74)
Updated 7 days ago

Allstate

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated about 4 hours ago

Metlife

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated about 4 hours ago

Cincinnati Financial

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 7 days ago

Let us know if this data was useful to you

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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