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International commitments

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At MAPFRE, we want to encourage dialogue from the inside out, with all of those who, like us, want to be a part of this change. We have a solid commitment to sustainable development, which is reflected in our voluntary compliance with the most important international and local initiatives, along with our active participation in them.

United Nations Global Compact

Since 2004, we have been part of this initiative and have integrated its Ten Principles into our management practices. These Principles address subjects related to human rights, labor, the environment, and anti corruption.

Principles for Sustainable Insurance (PSI)

The aim of these Principles is to incorporate environmental, social, and corporate governance aspects into business management, whether as opportunities or risks. Within this context, we are participating in the insurance industry’s general commitment to support the United Nations in its disaster risk reduction efforts (United for Disaster Resilience).

Paris Pledge for Action

We have joined this pledge to achieve a safe, stable climate with a rise in global temperatures of no more than 2°C, and to immediately adopt measures to bring greenhouse gas emissions down to a safe level.

United Nations Environment Programme Finance Initiative (UNEPFI)

This initiative develops and promotes links between the environment, sustainability, and financial performance, by identifying and incentivizing best environmental and sustainability practices at all levels of a financial institution’s operations.

UN Standards of Conduct for Business on Equality for LGBTI People

These Standards of Conduct build on the UN’s Guiding Principles on Business and Human Rights, and on the UN Global Compact. This commitment to human rights is reflected in MAPFRE’s Institutional, Business, and Organizational Principles, and it is expressly included in our Code of Ethics and Conduct and our current Sustainability Policy.

Net-Zero Insurance Alliance (NZIA)

We are committed to transitioning our insurance and reinsurance underwriting portfolios to net-zero greenhouse gas emissions for 2050, to achieve a maximum temperature increase of 1.5°C.

Climate Disclosure Project (CDP)

We are a signatory to the Carbon Disclosure, Water Disclosure, and Carbon Action programs that are part of the Climate Disclosure Project (CDP) initiative.

2030 Agenda and Sustainable Development Goals (SDGs)

At MAPFRE we are fully committed to the 2030 Agenda, which is the roadmap approved by the UN General Assembly in 2015. It is based upon 17 Sustainable Development Goals (SDGs), which represent a universal call to action to end poverty, protect our planet, and improve the lives and prospects of prosperity of all people worldwide.

Principles for Responsible Investment (UNPRI)

The PRI works with its international network of signatories to put into practice the six Principles for Responsible Investment. These six Principles reflect the growing importance of environmental, social, and corporate governance aspects in the context of investment practices.

Principles of UN Women

We have adopted the Principles of UN Women, which is the United Nations organization dedicated to promoting gender equality and empowerment of women. Through our Policy on Diversity and Equal Opportunity, we have established a culture of respect for all people and a supportive and open approach to diversity.

ILO Global Business and Disability Network (GBDN)

This is a global coming-together of leading multinational companies working with the ILO – the United Nations agency for the world of work – to the benefit of business, persons with disabilities, and economies and communities worldwide.

Task Force on Climate-related Financial Disclosures (TCFD)

MAPFRE follows the recommendations designed by the TCFD on disclosure of climate change risks and opportunities, and we integrate those recommendations into our business operations and activities.