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First American Financial Corp
First American Financial's GHG Emissions Data Preview
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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind First American Financial’s Greenhouse Gas (GHG) Emissions Data
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Insights into First American Financial's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofFirst American Financial amounted to20,463metric 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 Financialdecreased by 1.83%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
First American Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are First American Financial's Scope 1 emissions?
In 2024, the total Scope 1 emissions of First American Financial were 4,193 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has First American Financial reduced its Scope 1 emissions over time?
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
What are First American Financial's Scope 2 emissions?
In 2024, First American Financial reported Scope 2 greenhouse gas (GHG) emissions of 18,250 tCOâ‚‚e using the market-based method and 16,270 tCOâ‚‚e using the location-based method.a
Has First American Financial reduced its Scope 2 emissions over time?
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
What methodology does First American Financial use for Scope 2 reporting?
In 2024, First American Financial reported its Scope 2 emissions using the market-based method and using the location-based method.a
First American Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into First American Financial's Value Chain Emissions
In 2024, First American Financial reported 15,617 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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 4of 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
First American Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are First American Financial's Scope 3 emissions?
In 2024, First American Financial reported total Scope 3 emissions of 15,617 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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
Has First American Financial reduced its Scope 3 emissions over time?
Since 2019, First American Financial's Scope 3 emissionshave 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
What categories of Scope 3 emissions does First American Financial disclose?
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.
What are the main sources of First American Financial's Scope 3 emissions?
In 2024, the largest contributors to First American Financial's Scope 3 emissions were:a
- Employee Commuting (Cat. 7): 12,244 tCOâ‚‚e(78.4%)
- Business Travel (Cat. 6): 1,721 tCOâ‚‚e(11.02%)
- Waste Generated in Operations (Cat. 5): 878 tCOâ‚‚e(5.62%)
First American Financial's Scope 3 Emissions by Categories
Insights into First American Financial’s GHG Emissions Intensity Compared to Industry Peers
In 2024, First American Financial reported Scope 1 greenhouse gas (GHG) emissions of 4,193 tCOâ‚‚e and total revenues of USD 6,120 millions. This translates into an emissions intensity of 0.69 tCOâ‚‚e per millions USD.a
First American Financial's Scope 1 Emissions Intensity Compared to Peers
How does First American Financial's GHG emissions intensity compare to its peers?
In 2024, First American Financial reported a Scope 1 emissions intensity of 0.69 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.28, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does First American Financial rank on GHG emissions intensity within its industry?
In 2024, First American Financial ranked 16 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
First American Financial is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into First American Financial's Total Carbon Footprint
In 2024, First American Financial reported a total carbon footprint of 36,080 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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