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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 (2020) commitment
  • Medium and long term (2050) commitment

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

A decrease in emissions of 45% was reached at the end of 2017 with regard to the established base line (2013).

2017 2016 2015 2014 2013
Tons of CO2 released (*) 27,640 28,244 39,852 44,128 49,649
Reduced emissions in relation to BL (*) 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).

Under the more ambitious medium and long term objectives in its Environmental Footprint Strategic Plan, the company is committed to achieving CO2 neutrality with horizons of 2030 and 2050 respectively.

We are also signatories of the Paris Pledge for Action initiative signed by some the largest companies in the world at the Paris summit (COP21), and members of the Geneva Association, a think tank bringing together major insurance companies worldwide and that has created a working group specifically dedicated to contributions that the insurance industry can make to prevent climate change.

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