Public Profile

Mapfre

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.

59

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.

2

Industry Benchmark

Mapfre's score of 59 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.

99%

Mapfre's reported carbon emissions

In 2023, Mapfre reported total carbon emissions of approximately 77,147,000 kg CO2e, with emissions distributed across various scopes: Scope 1 emissions were about 12,239,260 kg CO2e, Scope 2 emissions totalled around 7,678,000 kg CO2e, and Scope 3 emissions accounted for approximately 52,573,000 kg CO2e. The company has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The absence of documented reduction targets suggests that while Mapfre is aware of its emissions, it may not have formalised strategies in place to achieve significant reductions. In previous years, emissions data indicates fluctuations, with total emissions reaching about 80,297,000 kg CO2e in 2022 and 50,456,440 kg CO2e in 2021. The company has reported emissions across all three scopes, highlighting its comprehensive approach to tracking its environmental impact. Mapfre's ongoing efforts in sustainability and climate commitments reflect an understanding of the importance of addressing climate change, even in the absence of specific reduction targets.

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20132018201920202021202220232024
Scope 1
10,386,880,000
00,000,000
00,000,000
0,000,000
00,000,000
00,000,000
00,000,000
-
Scope 2
32,710,650,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
-
Scope 3
7,880,680,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Mapfre's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Mapfre is headquartered in ES, which has a rank of low, indicating low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Mapfre is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

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