In 2024, First American Financial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
First American Financial has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 4,193a | 1,015a | 1,119b | |
Total Scope 2 | ||||
Market-Based | 18,250a | 20,764a | N/A | |
Location-Based | 16,270a | 19,830a | 21,793b | |
Total Scope 3 | 15,617a | 15,023a | 14,112b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.6851a | 0.1692a | 0.1473b |
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In 2024, the total operational greenhouse gas (GHG) emissions of First American Financial amounted to 20,463 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of First American Financial decreased by 1.83%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of First American Financial were 4,193 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, First American Financial's Scope 1 emissions have increased by 146.07%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), First American Financial's Scope 1 emissions increased by 313.1%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, First American Financial reported Scope 2 greenhouse gas (GHG) emissions of 18,250 tCO₂e using the market-based method and 16,270 tCO₂e using the location-based method.a
Compared to the previous year (2023), First American Financial's Scope 2 emissions (Location-Based) fell by 17.95% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, First American Financial reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, First American Financial reported 15,617 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of First American Financial includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, First American Financial reported total Scope 3 emissions of 15,617 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 95.04% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.96% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, First American Financial's Scope 3 emissions have increased by 535.1%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), First American Financial's Scope 3 emissions remained relatively stable, indicating that First American Financial's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, First American Financial reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to First American Financial's Scope 3 emissions were:a
In 2024, First American Financial reported Scope 1 greenhouse gas (GHG) emissions of 4,193 tCO₂e and total revenues of USD 6,120 millions. This translates into an emissions intensity of 0.69 tCO₂e per millions USD.a
In 2024, First American Financial reported a Scope 1 emissions intensity of 0.69 tCO₂e per millions USD. Compared to the peer group median of 0.08, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, First American Financial ranked 21 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places First American Financial among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, First American Financial reported a total carbon footprint of 36,080 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.59% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to First American Financial's total carbon footprint was Scope 2 emissions, accounting for 45.09% of the company's total carbon footprint, followed by Scope 3 emissions at 43.28%.a