Mapfre Sustainability Profile
Mapfre, officially known as Mapfre S.A., is a leading global insurance company headquartered in Madrid, Spain. Established in 1933, it has grown to become a prominent player in the insurance and financial services industry, with a strong presence across Europe, Latin America, and the United States. The company offers a diverse range of products, including life, health, and property insurance, as well as asset management services. Mapfre is distinguished by its commitment to customer service and innovative solutions tailored to meet the unique needs of its clients. With a robust market position, Mapfre has received numerous accolades for its financial strength and operational excellence, solidifying its reputation as a trusted provider in the insurance sector.
DitchCarbon Score
How does Mapfre's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Mapfre's score of 56 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mapfre's reported carbon emissions
In 2024, Mapfre reported total carbon emissions of approximately 67.4 million kg CO2e, a decrease from about 77.1 million kg CO2e in 2023 and 80.3 million kg CO2e in 2022. The emissions breakdown for 2024 includes approximately 49.5 million kg CO2e from Scope 3 emissions and about 17.9 million kg CO2e from combined Scope 1 and 2 emissions. Notably, Mapfre does not disclose individual Scope 1 and Scope 2 totals. The company has set ambitious climate commitments through its Energy Efficiency and Climate Change Strategic Plan, aiming for a 20% reduction in its carbon footprint by 2020, compared to 2013 levels. This plan encompasses all scopes of emissions and includes specific targets to reduce greenhouse gas emissions by approximately 9,924 tonnes of CO2e in its facilities. Mapfre's emissions data is cascaded from its parent company, Mapfre, S.A., which provides a comprehensive overview of the organisation's climate impact and commitments. The company continues to focus on reducing its carbon footprint while enhancing its sustainability practices across its global operations.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 9,789,350 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | - | - | - |
| Scope 2 | 31,951,870 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - |
| Scope 3 | 7,880,680 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Mapfre's Industry?
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Mapfre's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Mapfre has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
