First American Financial Corporation.
FAF.US | Risk and damage evaluation
First American Financial Corporation is a leading provider of title insurance and settlement services to the real estate and mortgage industries. The company operates through various segments, including Title Insurance and Services, which provides title insurance policies, closing and escrow service...Show More
Better Health for All
0
First American Financial Corporation's core business of title insurance and settlement services has no significant direct positive or negative health impact, nor does it generate revenue from products with direct negative health outcomes. The company offers comprehensive mental health programs for its employees, including managed mental health coverage, an Employee Assistance Program, access to the Calm app, and free Talkspace online therapy for all employees.
1
However, the company has a poor record regarding data protection, with a 2019 data breach exposing 885 million customer records, which resulted in a $1 million settlement with New York state financial regulators in 2023
2
and a $488,000 fine from the SEC in 2021 for disclosure control failures.
3
A separate cyberattack in December 2023 also potentially impacted 44,000 individuals.
4
Fair Money & Economic Opportunity
0
No specific, quantitative evidence was found in the provided articles to assess First American Financial Corporation (FAF.US) against the KPIs for Fair Money & Economic Opportunity. Information regarding subsidiaries like First American Bank or FACC, or general philanthropic activities, did not provide direct metrics for FAF.US's core business operations related to underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment, financial literacy initiatives, debt burden ratio, geographic inclusion, or product simplicity.
Fair Pay & Worker Respect
40
Approximately 1.71% of the company's worldwide workforce of 19,038 employees were on contract or temporary roles in 2024.
1
The Great Place to Work® Trust Index© engagement score for 2024 was 86%.
2
The voluntary employee turnover rate for 2024 was 9.1%.
3
Fair Trade & Ethical Sourcing
0
First American Financial Corporation primarily provides title insurance and settlement services, indicating a service-based business model. As such, the company does not procure or trade physical commodities, making KPIs related to fair-trade certification, materials risk, and traceability of physical goods not applicable. The articles do not contain any quantitative data on the frequency of supplier audits, substantiated forced or child labour incidents, remediation speed for violations, the percentage of supplier contracts with enforceable ethical-sourcing clauses, or the percentage of procurement budget directed to diverse suppliers.
1
Honest & Fair Business
-40
First American Financial Corporation was fined $487,616 by the SEC on June 15, 2021, for disclosure controls and procedures violations related to a cybersecurity vulnerability.
1
The company has a Code of Ethics and Conduct for all employees, officers, and directors, which addresses the reporting of illegal or unethical behavior
2
and includes established procedures for confidential, anonymous submission of concerns regarding accounting, auditing, and federal securities law matters.
3
The Code also covers compliance with laws, rules, and regulations
4
, addresses fraud
5
, and sets a specific limit of $100 for gifts, contributions, or prizes between suppliers and employees annually.
6
A Chief Compliance Officer is in place.
7
At least a majority of the Board members are independent directors as defined by NYSE listing standards
8
, and all members of the Audit, Compensation, and Nominating and Corporate Governance Committees are independent.
9
Kind to Animals
-10
First American Financial Corporation, a financial services provider, does not engage in activities such as product manufacturing, animal testing, or animal agriculture, rendering most animal welfare KPIs not applicable. The company donated $10,000 to Friends of Big Bear Valley for bald eagle conservation during a campaign from June 20 to July 4.
1
This donation represents approximately 0.00016% of its $6.1 billion 2024 revenue, which is considered nominal funding, and no specific measurable outcomes for species recovery or habitat restoration were reported.
2
The company's bald eagle campaign aligns with the U.S. Department of the Interior's 2024 designation of the bald eagle as the national bird.
3
,
No War, No Weapons
0
No specific data points or information relevant to the 'No War, No Weapons' ethical value were found in the provided articles for First American Financial Corporation. The articles discuss general ESG risk ratings
1
, sustainability efforts
2
, and links to annual reports
3
, but do not contain any details regarding arms contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other metrics related to military or conflict-related activities.
Planet-Friendly Business
0
The provided articles do not contain specific, quantitative data points relevant to any of the Planet-Friendly Business KPIs. The summary of First American's 2023 Sustainability Report explicitly states that no quantitative data related to environmental metrics is provided.
1
The other articles focus on patent leadership and company awards, offering no information on environmental performance.
Respect for Cultures & Communities
0
No specific, concrete data points were found in the provided articles to assess First American Financial Corporation against the defined Key Performance Indicators for 'Respect for Cultures & Communities'. The articles primarily focus on internal diversity, equity, and inclusion initiatives, employee satisfaction, and general corporate responsibility, rather than specific metrics related to external community engagement, cultural preservation, indigenous rights, or local economic contributions.
Safe & Smart Tech
-70
First American Financial Corporation has experienced multiple significant cybersecurity incidents and regulatory compliance failures. In 2019, a data breach exposed 885 million customer records
1
due to a vulnerability identified in a penetration test but underestimated and not adequately addressed, eventually brought to light by a third party.
2
This led to the company being charged by the New York State Department of Financial Services (NYDFS) for violating six sections of its cybersecurity regulations
3
and agreeing to a $1 million settlement.
4
Additionally, in 2021, the company received a $488,000 SEC fine and cease-and-desist order for failing to maintain disclosure controls.
5
More recently, in December 2023, a cyberattack resulted in unauthorized access to systems and sensitive data
6
, impacting 44,000 individuals.
7
Zero Waste & Sustainable Products
-40
First American has implemented waste reduction initiatives, including employee engagement in cleanup and composting efforts, which have diverted over 3,800 lbs of waste from landfills since June 2023.
1
No waste disposal violations, regulatory actions, fines, or compliance issues were mentioned in the provided sustainability reports or summaries.
2