Madrid 1,664 EUR 0,02 (0,91 %)

Home > Climate change

Climate change

Climate change is a highly visible subject on the public agenda of all countries and the energy transition toward a decarbonized economy is underway, although the two debates are advancing at different speeds.

We are working to strengthen our models for analyzing environmental, social and governance risks in a comprehensive manner, both from a business perspective and as investors. In addition, we are identifying sustainable development opportunities for the insurance business.

We continue to make progress in our commitments to the United Nations 2030 Agenda and in our strategy to combat climate change, which is supported by the following actions:

  • Reduction of our environmental footprint. We measure our environmental impact and establish the objectives of reducing emissions and carbon neutrality, through the recently approved Corporate Environmental Footprint Plan 2021-2030.
    With this Environmental Footprint Plan, the Group is assuming new commitments up to the year 2030:
    • 50 percent reduction in carbon footprint (TonCO2e)
    • 40 percent reduction in energy consumption (kWh)
    • Consumption of 100 percent of electricity from renewable sources
    • 20 percent reduction in business trips (plane, train, car) and implementation of 100 percent ECO vehicle fleet
    • 25 percent reduction in paper consumption (kg)
    • 25 percent reduction in water consumption (m3)
    • Recovery of 90 percent of the waste generated (kg)
    • Sustainable Certification in 50 percent of the surface of the main office buildings owned
  • Integration of the climate change variable in our business. We are working on incorporating the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and aim to have them fully integrated as of 2024, as well as the inclusion of environmental, social and governance criteria (ESG) both in investment and in the underwriting and definition of low-carbon products.
  • Promotion of the circular economy. We have minimized the generation of waste in our activity and have positioned ourselves as an agent of change in the transition to the circular economy by promoting related products and services and supporting companies specializing in the sector.
  • Biodiversity preservation. We raise awareness of and support initiatives for the protection of ecosystems that are most sensitive to the effects of climate change.
Carbon Footprint
  • Sixty-seven  reduction in the Carbon Footprint of the MAPFRE Group associated with the Energy Efficiency and Climate Change Strategic Plan 2014–2020.
  • Carbon neutrality of the Group’s Iberia territorial area by 2021.
  • Group commitment to carbon neutrality by 2030.
  • 2021 Annual General Meeting- a sustainable events
Products and Services with Environmental Coverage
  • 40.009 hectares of sustainable crops and forests insured.
  • 82.885 MW insured from wind and solar energy.
  • 24.328 low-emission vehicles insured under the green policy.
  • 72 hybrid and electric tow trucks form part of our provider network.

Environmental Culture

  • 14.539 employees have now received environmental training since 2017.
  • In 2019, 2,300 volunteers planted 1,800 trees and collected more than 14 tons of trash during the third edition of the MAPFRE Volunteering Day under the slogan “All together for the Environment.”
  • Participation in working groups on climate change, sustainable mobility, circular economy, biodiversity and SDG through the Spanish Green Growth Group, in Greenweekend events held in Spain and in the working groups of CONAMA (National Environment Congress)
  • Collaboration agreements with organizations for the preservation of biodiversity: WWF España, Funzel (El Salvador), Bird Life and Nature Trust (Malta), Para La Naturaleza (Puerto Rico)
Circular Economy
  • Certificacion of the company’s headquarters to conform to the Zero Waste Regulation in 2021.
  • In 2019, the MAPFRE Sin Plástico pledge has prevented the generation of 25.8 tons of plastic waste, along with the emission of 104 tons of TmCO2eq into the atmosphere.
  • Treatment of 38.819 out-of-use vehicles, from which a total of 156.948 parts and components were recovered for reuse.