Sector disclosures

In 2008, the ICEA (Association for Cooperative Research between Insurance Companies and Pension Funds) , set up the Spanish Social Responsibility Working Group, formed by representatives from different insurance groups, including MAPFRE, with the goal of becoming a forum where Spanish insurance firms could discuss and lexchange social responsibility-related experiences that would enable the sector to move forward in this area.

In 2010 the Working Group drafted its first report, entitled “CSR as a Generator of Value” and in 2012, working on the premise that the drafting and publication of social responsibility reports is a voluntary action for companies, it published its second report, entitled “CSR Indicators in the Insurance Sector”.

This guide supplements the current reporting models, such as the one used to draft the MAPFRE 2012 Social Responsibility Report, and provides common minimum standards for insurance firms who want to “express their commitment to sustainability as another asset of their insurance business, as well as providing us with a common language in this field of social responsibility.

MAPFRE has resolved to include these standards as indicators to supplement the GRI (Global Reporting Initiative).  

www.icea.es