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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.
+40 vs industry average
Mapfre’s score of 79 is higher than 86% 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, an insurance and pension funding services provider headquartered in Spain, reported its most recent emissions data for 2025, which shows Scope 1 emissions of 10,725,000 kg CO2e, Scope 2 market-based emissions of 1,725,000 kg CO2e, and Scope 3 emissions including business travel at 8,598,000 kg CO2e, employee commute at 32,098,000 kg CO2e, purchased goods and services at 868,000 kg CO2e, and waste generated in operations at 26,000 kg CO2e.
Looking back, Mapfre's 2024 emissions included 10,192,000 kg CO2e from Scope 1, 3,906,000 kg CO2e for Scope 2 market-based, and Scope 3 emissions of 7,863,000 kg CO2e from business travel, 34,731,000 kg CO2e from employee commute, 955,000 kg CO2e from purchased goods and services, and 96,000 kg CO2e from waste generated in operations. For 2023, the company reported a total of approximately 65,043,000 kg CO2e, comprising 10,422,000 kg CO2e in Scope 1 emissions and 7,678,000 kg CO2e in Scope 2 market-based emissions, with total Scope 3 emissions being approximately 46,944,000 kg CO2e. Notably, Scope 3 purchased goods and services data was not available for 2023.
Mapfre has established climate commitments, including an Energy Efficiency and Climate Change Strategic Plan with a target to reduce its group-wide carbon footprint by 20% by 2020, against a 2013 baseline. This target encompasses all scopes of emissions. More specifically, for Scope 1 and Scope 2 emissions, the plan aims for a 20% reduction of greenhouse gas emissions (equivalent to 9,924 tonnes of CO2e) by 2020 compared to 2013 levels. This reduction also corresponded to a decrease of 14,710,519 kWh in energy consumption. This emissions data and reduction initiatives are inherited from Mapfre's parent company, Mapfre, S.A.
Access structured emission data, company specific factors and auditable source documents
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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