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Climate change

Climate change

Mitigation of and adaptation to climate change must be one of the priorities of official bodies, companies and society in general, with the objective of transforming the current economy into a decarbonized economy. To this end, and as a Global Insurance company, we play a very important role in contributing to how climate change is managed, by researching, understanding and sharing our knowledge in this scenario.

Therefore, MAPFRE adopts a series of commitments in its strategy, related to the mitigation and adaptation to Climate Change, with public objectives to reduce greenhouse gas emissions, which require the definition and implementation of actions aimed at reducing the carbon footprint of its activity.

  • Short term commitment
  • Medium and long term commitment

MAPFRE has an Energy Efficiency and Climate Change Strategic Plan in place with a time horizon of 2020. It calls for a reduction of 14,710,519 kWh (11% decrease compared to 2013) and a reduction of 9,924 tons of CO2 (20% decrease compared to 2013).

At the end of 2018, emissions were down 51% when compared with our baseline (2013).

Main lines of action under the 2014-2020 Climate Change and Energy Efficiency Strategic Plan:

  • Making the Carbon Footprint part of the SIGMAYE Corporate Model: Developing a corporate carbon footprint reporting and calculation model in the countries where MAPFRE operates.
  • Expanding the Corporate Model for Energy, Environmental and Carbon Footprint Management (SIGMAYE): Gradually implementing the ISO 50001, ISO 14001 and ISO 14064 standards across all buildings and countries in which MAPFRE operates. Managing consumption and optimizing resources. Renovating and upgrading facilities and improving operational control.
  • Green procurement: making energy efficiency and climate change criteria part of the process when selecting the services that will have the greatest positive impact on MAPFRE’s carbon footprint, such as contracts with electricity and gas utilities, shuttle service, supply of paper and office equipment and vehicle fleets.
  • Savings policies for office equipment: Implementing energy management systems to shut down employees’ computers remotely.
  • Eco-efficient offices: Implementing solutions to improve the energy performance of the direct and delegated offices of MAPFRE’s commercial network.
  • Developing and launching employee awareness campaigns, such as the Cool Biz campaign to get employees to dress accordingly based on the temperature outdoors.
  • Sustainable mobility: providing employees with sustainable mobility services and options as viable alternatives to using their own car: shuttle service linking the main connection points for employees working at certain head offices, or the “Carpooling” initiative.
  • Telecommunications: developing teleworking while encouraging and enabling the use of telephone and videoconferencing to cut down on employee travel.
2018 2017 2016 2015 2014 2013
Tons of CO2 released (*) 24,496 27,640 28,244 39,852 44,128 49,649
Reduced emissions in relation to BL (*) 25,154 22,189 21,405 9,797 5,521 Base Line (BL)

(*) Scope:
Countries included: Spain, Argentina, Brazil, Chile, Colombia, USA, Mexico, Puerto Rico and Turkey.
Categories included:
Scope 1 (natural gas, building diesel, fuel for company vehicles);
Scope 2 (electricity);
Scope 3 (paper consumption, emissions avoided by recycling of paper and business trips (Spain only).

Achieving the objectives of this plan and embracing the challenge of becoming a benchmark in sustainability, innovation and trust is a further show of the Company’s pledge to fighting climate change. It has also set itself the short-term objective of making all operations of MAPFRE companies based in Spain and Portugal carbon neutral by 2021, accounting for 61% of the Group's current CO2emissions.

The company is firmly committed to reducing its greenhouse gas emissions through its Strategic Environmental Footprint Plan, which sets more ambitious objectives, both in the medium and long run. The ultimate aim is to become CO2 neutral by 2030 at all companies located in the countries where MAPFRE operates.

We are also adhered to the Paris Pledge for Action initiative, which was signed by some of the leading companies worldwide at the Paris Summit (COP21) and members of the Geneva Association, a think tank that brings together the world’s leading insurance companies and that has created a specific task team to explore how the insurance sector can do more to prevent climate change.

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