Mapfre Sustainability Profile
Mapfre, officially known as Mapfre Seguros, is a prominent insurance and financial services company headquartered in Portugal. Established in 1933, Mapfre has grown to become a key player in the insurance 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. What sets Mapfre apart is its commitment to customer-centric solutions and innovative risk management strategies. With a solid market position, Mapfre has received numerous accolades for its financial strength and service excellence, making it a trusted choice for individuals and businesses alike. As it continues to expand its global footprint, Mapfre remains dedicated to delivering tailored insurance solutions that meet the evolving needs of its clients.
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 36 is higher than 54% 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 2023, Mapfre reported total carbon emissions of approximately 4.29 billion kg CO2e. This figure includes Scope 1 emissions of about 458.4 million kg CO2e, Scope 2 emissions of approximately 112.1 million kg CO2e, and Scope 3 emissions amounting to around 3.72 billion kg CO2e. The total emissions for 2022 were slightly lower, at approximately 4.31 billion kg CO2e, with Scope 1 emissions of about 468.9 million kg CO2e, Scope 2 emissions of around 109.6 million kg CO2e, and Scope 3 emissions of approximately 3.73 billion kg CO2e. Mapfre has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests that the company may be in the early stages of developing a comprehensive climate strategy. As a significant player in the insurance industry, Mapfre's emissions data reflects its operational impact, and the company may need to consider setting ambitious targets to align with global climate goals.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 468,898,170 | 000,000,000 |
| Scope 2 | 109,565,560 | 000,000,000 |
| Scope 3 | 3,733,811,080 | 0,000,000,000 |
How Carbon Intensive is Mapfre's Industry?
How Carbon Intensive is Mapfre's Location?
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.
