Mapfre

Mapfre's reported carbon emissions

## MAPFRE Carbon Emissions and Climate Commitments MAPFRE, a company in the insurance and pension funding services sector headquartered in Spain, has outlined its commitment to reducing its environmental impact through various emissions reporting and reduction targets. ### Carbon Emissions Data Based on available data, MAPFRE's global carbon emissions (Scope 1, 2, and 3) were approximately **67.4 million kg CO2e** in 2024. This represents a decrease from the approximately **77.1 million kg CO2e** reported in 2023 and **80.3 million kg CO2e** in 2022. * **2024:** Approximately 67,425,000 kg CO2e * Scope 3: Approximately 49,548,000 kg CO2e * Scope 1 & 2 (market-based): Approximately 17,877,000 kg CO2e * **2023:** Approximately 77,147,000 kg CO2e * Scope 3: Approximately 52,573,000 kg CO2e * Scope 1 & 2 (market-based): Approximately 24,574,000 kg CO2e * **2022:** Approximately 80,297,000 kg CO2e * Scope 3: Approximately 54,571,000 kg CO2e * Scope 1 & 2 (market-based): Approximately 25,726,000 kg CO2e * **2021:** Approximately 50,456,440 kg CO2e * Scope 1: Approximately 10,035,330 kg CO2e * Scope 2 (market-based): Approximately 11,144,460 kg CO2e * Scope 3: Approximately 55,570,000 kg CO2e It is important to note that for some years, specific breakdowns for Scope 1 and Scope 2 are available, while for others, only the combined Scope 1 and 2 or market-based totals are provided. Scope 3 emissions generally constitute the largest portion of MAPFRE's reported footprint. ### Climate Commitments and Reduction Initiatives MAPFRE has established climate commitments aimed at reducing its greenhouse gas emissions. A key initiative is the **Energy Efficiency and Climate Change Strategic Plan**, with a time horizon extending to 2020. This plan included a target to reduce the Group's carbon footprint by **20% by 2020**, compared to 2013 levels. Specifically, targets were set to reduce greenhouse gas emissions by approximately **9,924 tonnes of CO2e** (equivalent to 14,710,519 kWh) from 2013 levels by 2020. These targets covered both Scope 1 and Scope 2 emissions. ### Data Cascading MAPFRE's emissions data and sustainability initiatives are cascaded from its ultimate parent company, **Mapfre, S.A.**, at cascade level 2 as a current subsidiary. This means that their reporting and targets are aligned with those of the parent organisation.