SUSTAINABILITY | 05.09.2017
MAPFRE signs up to the United Nations responsible investment principles
The move forms part of the company’s strategy of aligning its investment policy with a commitment to responsible social action
MAPFRE has signed up to the global network of signatories to the Responsible Investment Principles, an initiative in collaboration with the United Nations Global Compact, aimed at understanding the impact of environmental, social and governmental issues on investment, and advising signatories on taking account of them in their decision making.
This step forms part of MAPFRE’s important social commitment which is in the company’s DNA, embracing sustainable behavior and environmental awareness. MAPFRE has been a signatory to the UN Global Compact since 2004 and, as an insurance company, it is also committed to the principles of sustainable insurance developed by the United Nations.
“As we strengthen and develop our investment and asset management business”, explained Antonio Huertas, Chairman and CEO of MAPFRE, “we aspire to align the interests of our investors with wider societal objectives, without forgetting that these actions must be coherent with our fiduciary role of always acting in their best long-term interests”.
The six Principles were developed by investors and are supported by the UN. There are more than 1,400 signatories to the proposals across more than 50 countries, representing assets worth 59 trillion dollars. Detailed information on the commitments are included in the following document (link).
Accordingly, the Group has decided to progressively align its investment policy with these principles. MAPFRE INVERSIÓN recently launched a Fund on the market in Spain which invests exclusively in companies with good corporate governance, following the publication of various international academic studies highlighting how investment in companies which are socially responsible and have good corporate governance is more profitable over the long term.