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 55% 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 4,294,768,080 kg CO2e. This figure includes 458,363,460 kg CO2e from Scope 1 emissions, 112,124,520 kg CO2e from Scope 2 emissions, and a significant 3,717,906,530 kg CO2e from Scope 3 emissions. The previous year, 2022, saw total emissions of about 4,312,385,040 kg CO2e, with Scope 1 at 468,898,170 kg CO2e, Scope 2 at 109,565,560 kg CO2e, and Scope 3 at 3,733,811,080 kg CO2e. Despite these substantial emissions figures, Mapfre has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges indicates a need for further action in this area. The company’s emissions data is not cascaded from any parent organization, reflecting its independent reporting status. Overall, while Mapfre's emissions remain high, the lack of defined reduction strategies highlights an opportunity for the company to enhance its climate action efforts.
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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.
