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MAPFRE Joins the #ODSporbandera Campaign Created by UN Spain

It has been eight years now since the 2030 Agenda was adopted and to celebrate, this international campaign has been launched. The objective is for global leaders to show their commitment to the Sustainable Development Goals (SDGs).

The #ODSporbandera initiative is part of the international #TogetherForTheSDGs campaign led by the UN Global Compact, which includes countries from around the world.

MAPFRE, as a committed global player, contributes to the 17 SDGs through an ambitious Sustainability Plan 22–24 with more than 20 objectives that focus on individuals and promote social inclusion, fair employment, financial literacy, and improved access to insurance protection. The insurance company, as it has made public in its press release, believes that “the 2030 Agenda is a unique opportunity to address social and environmental challenges and work toward achieving the 17 SDGs.”

A plan with more than 20 objectives

The company works to make sure sustainability is not a concept but a road map for its entire business. Its Sustainability Plan 22–24 is a fully integrated strategy in the business and decision-making in all areas of the company, putting individuals at the center of everything and responding to the needs of all stakeholders. It is a plan with clear objectives that are specific, measurable, achievable, and realistic.

The insurance company has set specific deadlines to achieve carbon neutrality in 2030, improve its transparency, and increase its compliance with the 2030 Agenda, among other challenges.

Moreover, MAPFRE, as a facilitator of financial services, reflects its involvement with the SDGs, including ESG (environmental, social, and corporate governance) values, through responsible investment and insurance products, aligned with the new needs.

Helping families, businesses and institutions

MAPFRE’s contribution to the 2030 Agenda is made a reality, mainly through the coverage of risks, by means of indemnifications or the provision of services, and in this sense, helps families, companies, and institutions to recover from the effects of a claim.

In 2022, MAPFRE allocated a total of €16.362 billion to the payment of benefits. It also adds to social well-being and the protection of citizens through its commitment to diversity, equality, and inclusion, job opportunities for all generations, and the sustainable management of its operations, especially among its providers and its sales network. Last but not least, MAPFRE promotes corporate volunteering activities in the more than 30 countries in which it works.

Proud of engagement

Currently, MAPFRE focuses on seven SDGs, including:

  • No poverty (SDG 1), promoting the resilience of 29.8 million people and their families by reducing their exposure and vulnerability to common disasters and extreme phenomena.
  • Good health and well-being (SDG 3), an area in which it invested €1.5 million last year in efforts to promote the physical and psychological health of its workers.
  • Decent work and economic growth (SDG 8), for which it contributes to the fact that there are 30,327 employees with a permanent contract (98%), more than 115,000 people work directly or indirectly for the company, and about 145,000 providers offer services to MAPFRE.

Since its Sustainability Plan 20–22, the company also contributes directly to:

  • Climate action (SDG 13), for which it has reduced its global carbon footprint by 26% compared to 2019, has made its operations in Spain and Portugal carbon neutral, and has meant 77% of its business customers are rated by ESG criteria.
  • Gender equality (SDG 5), which has allowed 42% of the positions of responsibility to be held by women. And the company contributes to the 17 SDGs as a whole thanks to its corporate volunteering program, which in 2022 mobilized 4,109 volunteers who carried out 1,488 activities around the world related to education, nutrition, health, and emergency assistance.
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