MAPFRE has been included in The Sustainability Yearbook 2020, published by S&P Global in collaboration with RobecoSAM, in recognition of its achievements in terms of sustainability.
This recognition is a result of the annual SAM Corporate Sustainability Assessment (CSA) of the world’s largest companies.
S&P analyzed economic, environmental and social factors at 4,710 companies in 61 industries worldwide, including 31 Spanish companies. In the insurance industry, 137 companies were assessed, out of which just 21 were included, with MAPFRE being the only Spanish representative. According to the report: “The insurance industry’s focus on sound risk management has resulted in the relative absence of significant fines and penalties compared to other areas of finance.”
It goes on to explain that: “The industry has also demonstrated leadership in integrating sustainability considerations into its core business. Most notably, leading insurers are increasingly considering long-term sustainability trends and factors in their risk assessments, and claims-management processes — including climate change risk and cybersecurity risk. At the same time as the industry embraces digitalization, it faces both significant threats — but also opportunities.” As surmised in the report: “This has provided consumers with increased transparency and choice while simultaneously providing insurers with new direct-to-consumer channels for delivering new products and services.”
MAPFRE was also listed in the H&K Responsible Investment Brand Index (RIBI) in October, in the Avant Gardist category, which comprises European firms in the industry that are most committed to Socially Responsible Investment. The company is also listed on the Dow Jones Sustainability World Index, one of the leading international barometers for measuring the performance of companies in terms of sustainability and CSR. Plus, for the thirteenth consecutive year, MAPFRE is a part of FTSE4Good—an index series designed by the FTSE Russell group—where it scores above average for the insurance industry on environmental, social and governance criteria.