MAPFRE
Madrid 2,204 EUR -0,02 (-0,81 %)
Madrid 2,204 EUR -0,02 (-0,81 %)

SUSTAINABILITY | 03.03.2023

MAPFRE is observing World Energy Efficiency Day

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It consumes 12% less energy per year and avoids emissions of 4,095 mt of co2e into the atmosphere

  • MAPFRE promotes efficient energy consumption and the use of renewable energies to achieve carbon neutrality by 2030.
  • In 2023, 40% of the actual electricity consumption at its Madrid headquarters will come from a photovoltaic installation for self-supply, equivalent to 700 tons of CO2.
  • Throughout the year, the company will launch initiatives to adjust the thermostats in its buildings in several countries.
  • It has pledged that 50% of the surface area of the large buildings it owns will be certified sustainable by 2030.

MAPFRE is moving forward in its commitment to energy efficiency as a key element of its decarbonization strategy and to achieve carbon neutrality by 2030 in all the countries where it operates.

In 2022, it slashed energy consumption by 19,339,218 kWh, 12% less than in 2019, exceeding its planned reduction target of 3%. This was achieved by implementing hybrid work models, optimizing workspaces, investing in energy efficiency and renewing vehicle fleets with greener and more efficient engines. Thanks to this decrease in consumption, the insurance company avoided releasing 4,095 MT of CO2e into the atmosphere last year.

The company currently uses energy from 100% renewable sources in Spain and other countries and has installed more powerful photovoltaic panels at its headquarters. They will generate 3.34 GWh of electricity per year, equivalent to the Group’s total electricity consumption in Mexico during 2022. With this measure, 40% of the actual consumption at its Madrid headquarters this year is expected to come from its photovoltaic self-supply installation.

Throughout the year, the company will also carry out other initiatives to adjust the thermostats in its buildings, with campaigns such as “Warm Biz” in Spain and Argentina, aimed at saving energy in the winter, and “Cool Biz” in Spain and four other countries, to reduce the amount of electricity used in the summer. The objective of both campaigns is to adjust the indoor temperature by one degree Celsius, resulting in energy savings of approximately 7%.

The insurance company is also applying sustainability criteria to the way it designs and constructs buildings, and it has established a target for 50% of the surface area of the main office buildings it owns to have a sustainable building certification from LEED, BREEAM or Energy Star by 2030.

At the close of 2022, 36% of the surface area of these properties already had one of these certifications, enabling reductions of 30% to 70% in energy use, 30% to 50% in water consumption and approximately 35% in CO2 emissions.

The company currently has a total of 44 headquarters buildings with ISO 14001 certification for Environmental Management and ISO 50001 certification for Energy Management, under an integrated management system that promotes the efficient use of energy, water and raw materials.