State Farm outlines community and environmental efforts in 2023 impact report

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Michael L. Tipsord Chairman, President and Chief Executive Officer | Official website

State Farm's 2023 Impact Report details the company's ongoing commitment to community development and environmental stewardship. The report highlights various initiatives aimed at fostering safer, more thriving communities through diverse programs.

"State Farm Where We Work is part of our commitment to creating a work environment where everyone can be their best," the report states. As an insurance company, State Farm emphasizes its role in building safer communities, both on the roads and in homes.

The company's community development efforts include job training, neighborhood reinvestment, affordable housing, addressing food insecurities, promoting personal financial literacy, and supporting sustainable housing and transportation.

Education is also a focal point for State Farm's community initiatives. The company directs funding toward higher education programs, K-12 STEM education, academic performance improvement initiatives, and college and career success programs.

In terms of environmental stewardship, State Farm has made significant strides in preserving resources and reducing waste throughout 2023. The company also assists customers in adopting similar practices.

"We’re in the business of keeping our promises to our customers," the report emphasizes. Building trust is crucial for fostering an ethical culture with an inclusive environment that promotes a sense of belonging for all.

The Impact Report aims to communicate State Farm's core values to stakeholders making decisions about insurance, financial services, employment, and other areas. "As a mutual company we do what is in the best long-term interest of those we serve," it concludes.

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