SUSTAINABILITY| 25.09.2023
MAPFRE is contributing to the 2030 Agenda with a strategy that adds to economic growth and social well-being
It joins the #ODSporbandera campaign promoted
by the UN Global Compact Spain
- The insurer is contributing to the 17 SDGs through an ambitious business plan with more than 20 goals that put a special focus on people and promote social inclusion, fair employment, financial literacy and better access to insurance protection.
- It sees the 2030 Agenda’s decade of action as a unique opportunity to address social and environmental challenges and contribute to all 17 SDGs to the fullest extent possible.
- The #ODSporbandera campaign aims to get different global actors to demonstrate their commitment to the Sustainable Development Goals (SDGs) on the eighth anniversary of their creation.
- The initiative is part of the international #Togetherforthesdgs initiative driven by the UN Global Compact and involving countries around the world.
MAPFRE is actively contributing to the Development Goals of the United Nations 2030 Agenda through an ambitious Sustainability Plan 22-24, which covers not only the business but also the actions it carries out with society, always with stringent commitments in social, environmental and corporate governance matters, and through insurance and responsible investment products, aligned with the new needs.
The insurer underlined this today on the occasion of the celebration of the #ODSporbandera campaign launched by UN Global Compact Spain, which is part of the international initiative #Togetherforthesdgs with the aim that different global actors show their commitment to the Sustainable Development Goals (SDGs) on the date that marks eight years since the launch of the 2030 Agenda.
Many MAPFRE employees today raised the Sustainable Development Goals (SDGs) flag, which represents a commitment to a sustainable and prosperous future for all, seeks to synchronize efforts and goals, and encourages society as a whole to move forward together.
Assistance for families, companies and institutions
MAPFRE’s contribution to the 2030 Agenda is materialized mainly through risk coverage, through indemnities or the provision of services, and in this regard, it helps families, companies and institutions to recover from the effects of an accident. In 2022, the company allocated a total of €16.362 billion to benefit payments. It is also contributing to social welfare and the protection of citizens through its commitment to diversity, equality and inclusion; employment opportunities for all generations; sustainable management of its operations, especially among its providers and its sales network; the promotion of sustainable business; and the corporate volunteering activities it promotes in the more than 30 countries where it operates.
The company currently focuses on seven SDGs, including: No poverty (SDG 1), promoting the resilience of 29.8 million people and their families through the reduction to their exposure and vulnerability to common disasters and extreme events; Good health and well-being (SDG 3), an area in which last year it invested 1.5 million euros in actions to promote the physical and mental health of its employees and it establishes itself as the first generalist health insurance company in Spain, with more than a million customers in this area; Decent work and economic growth (SDG 8), for which it contributes to 30,327 employees with permanent contracts (98%), more than 115,000 people work directly or indirectly for the company and nearly 145,000 providers provide services to MAPFRE.
Since its 20-22 sustainability plan, the company has also been contributing directly to Climate Action (SDG 13), through which it has reduced its global carbon footprint by 26% with respect to 2019, has made it possible for its operations in Spain and Portugal to be carbon neutral and has enabled 77% of its business customers to be qualified with ESG criteria; to Gender equality (SDG 5), which has enabled it to ensure that 42% of positions of responsibility are held by women; and to the 17 goals as a whole, owing to its corporate volunteering program, which in 2022 mobilized 4,109 volunteers, including employees and family members, who carried out 1,488 activities around the world related to education, nutrition, health and emergency relief.
A plan with over 20 goals
The company works so that sustainability is not a concept but a road map for all of its activity. Its Sustainability Plan 22-24 is a strategy that has been fully integrated into the business and the decision-making processes of all areas of the company that puts people at the center of everything and meets the needs of all the company’s stakeholders. It is an ambitious plan, with more than 20 measurable, attainable, and realistic goals, with concrete deadlines to, among other goals, reach carbon neutrality by 2030, reinforce transparency and elevate compliance with the 2030 Agenda.