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Mapfre, officially known as Mapfre S.A., is a leading global insurance and pension funding services provider headquartered in Madrid, Spain. Established in 1933, the company has grown significantly, expanding its operations across Europe, Latin America, and the United States.
Specialising in a wide range of insurance products, including life, health, and property insurance, Mapfre distinguishes itself through its customer-centric approach and innovative solutions tailored to meet diverse client needs. With a strong market presence, it ranks among the top insurers in Spain and has received numerous accolades for its financial stability and service excellence.
Mapfre's commitment to sustainability and social responsibility further enhances its reputation, making it a trusted choice for individuals and businesses seeking comprehensive insurance solutions.
+45 vs industry average
Mapfre’s score of 84 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Services is among the least carbon-intensive industries
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Mapfre, a Spanish-headquartered company in the "Insurance and pension funding services, except compulsory social security services" industry, reported estimated global carbon emissions of approximately 62.37 million kg CO2e in 2023. This total includes 10.42 million kg CO2e from Scope 1 emissions, 7.68 million kg CO2e from Scope 2 (market-based), and 44.27 million kg CO2e from Scope 3 emissions.
In 2022, Mapfre's global carbon emissions were about 77.42 million kg CO2e, comprising 12.00 million kg CO2e in Scope 1, 13.04 million kg CO2e in Scope 2 (market-based), and 50.38 million kg CO2e in Scope 3. Scope 3 emissions in 2022 included approximately 5.06 million kg CO2e from business travel, 39.09 million kg CO2e from employee commute, 1.18 million kg CO2e from purchased goods and services, and 0.13 million kg CO2e from waste generated in operations.
Looking back, Mapfre disclosed emissions data from its ultimate parent, Mapfre, S.A. In 2021, total emissions were approximately 50.46 million kg CO2e, with 10.04 million kg CO2e from Scope 1, 11.14 million kg CO2e from Scope 2 (market-based), and 29.28 million kg CO2e from Scope 3.
Mapfre has established a near-term climate commitment to reduce its Scope 1 and 2 greenhouse gas emissions by 20% compared to 2013 levels, with a target year of 2020. This commitment aimed to reduce 9,924 tonnes of CO2e and 14,710,519 kWh.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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