MAPFRE has been identified as a global leader for its environmental action and strategies, and has been awarded a position on the Supplier Water A List by CDP, the non-profit global environmental disclosure platform.
100 companies appear on the A List, which has been produced at the request of 99 CDP supply chain purchasing member organizations with a combined annual spend of over US$3 trillion.
Over 4,800 companies submitted annual supply chain disclosures to CDP in 2017 for independent assessment against its scoring methodology. COMPANY is among the 2% of organizations participating in CDP’s supply chain program to be awarded a position on the Supplier A List, in recognition of its actions to address environmental issues including climate change, water security and deforestation in the past reporting year.
Guillermo Llorente, assistant general manager of Security and the Environment at MAPFRE, said that “forming part of the CDP’s Supplier A-list Leader this year represents a new milestone in our management, and adds to that which we have already achieved as a company, this being our third consecutive year on the Climate A-List. Being able to enhance our quality performance as a service provider is both critical and fundamental if we are to successfully fight climate change. Without the commitment of all those involved, upstream and downstream, it would be impossible to meet this great challenge.”
The Supplier A List is released today in Closing the Gap: Scaling up sustainable supply chain practices, CDP’s Global Supply Chain Report 2018, written by CDP using analysis provided by McKinsey & Company. The report reveals that awareness of climate change-related risks and opportunities is increasing down the supply chain. Over three quarters (76%) of suppliers responding to CDP have identified some inherent climate change risks to their business and more than half (52%) report that they have integrated climate change into their business strategy.
Paul Simpson, CEO of CDP said: “We congratulate the 100 companies, recognized on the CDP Supplier A List 2018, that are leading the way to our low-carbon and water-secure future. Environmental action has never been more vital, nor urgent, and companies have a crucial role to play in keeping up the momentum needed to meet the aims of the Paris Agreement. The leadership shown by the A List not only points the way for other companies to take action, but also ensures that these leaders are getting well ahead of the curve and positioning themselves to capitalize on the opportunities that await.”
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors, CDP leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. The Supplier A List is available on CDP’s website.
MAPFRE is a global insurance company with a worldwide presence. It is the benchmark insurer in the Spanish market, the leading multinational insurance group in Latin America and one of the top 10 insurance companies in Europe in terms of premium volume. MAPFRE employs more than 37,000 professionals and services 37 million clients. In 2016 MAPFRE’s revenue surpassed 27 billion euros, with net earnings of 775 million euros.