|Principles for Sustainable Insurance||Location in MAPFRE’s Annual Integrated Report|
|1. We will embed in our decision-making environmental, social and governance issues relevant to our insurance business.||
|2. We will work together with our clients and business partners to raise awareness of environmental, social and governance issues, manage risk and develop solutions.||
|3. We will work together with governments, regulators and other key stakeholders to promote widespread action across society on environmental, social and governance issues.||
|4. We will demonstrate accountability and transparency in regularly disclosing publicly our progress in implementing the Principles.||Integrated Report 2017
International Commitments to Sustainable Development
MAPFRE's commitment to sustainable development is steadfast, and borne out by the company's voluntary adhesion to benchmark international and local initiatives in this field, and in which the company participates actively. For detailed information about these commitments, please visit our Annual Integrated Report 2017.
United Nations Global Compact
MAPFRE has integrated within its management the ten principles of action included in this pact, which the company has been part of since 2004. These are matters related to human rights, labor rights, the environment and the fight against corruption. The results have been very satisfactory, with MAPFRE's Progress Report 2017 having been awarded one more year the maximum "Advanced" score by the United Nations.
United Nations Environment Program Finance Initiative (UNEPFI)
This develops and promotes links between the environment, sustainability and financial performance, identifying and stimulating the adoption of best environmental and sustainability practices at all levels of a financial institution's operations.
Principles for Sustainable Insurance (PSI)
At MAPFRE we work to integrate these insurance industry-specific principles into our activities, which seek to include environmental, social and corporate governance aspects in business management, whether as opportunities or risk. Within this framework, MAPFRE adheres to the overall commitment of the insurance industry in support of the United Nations disaster risk reduction (United for Disaster Resilience).
Paris Pledge for Action
This commitment involves achieving a safe, stable environment in which temperature rises are limited to below 2ºC. Measures are also undertaken to immediately reduce greenhouse gas emissions to a safe level.
Climate Disclosure Project (CDP)
MAPFRE is a signatory to the Carbon Disclosure, Water Disclosure and Carbon Action Programs which form part of the Climate Disclosure Project (CDP). In 2017 MAPFRE was included for the third consecutive year in the Global A-List for having achieved the highest rating (A) relating to performance and the transparency of information reported. This list comprises the top 113 global companies in terms of a decrease in emissions and the fight against climate change.
Principles for Responsible Investment
MAPFRE has signed up to the global network of signatories to the Principles for Responsible Investment, an initiative in collaboration with the United Nations Global Compact, aimed at understanding the impact of environmental, social and governmental issues on investment, and including them in their decision making. The six Principles were developed by investors and are supported by the UN. There are currently 1,400 signatories taking action in more than 50 countries.
Other recognitions honoring MAPFRE’s endeavors and management in other areas can be found here.