- Lack of comprehensive global databases for accurate emissions allocation to customers
- Absence of a standardized methodology for measuring the impact of the insurance portfolio on climate change
- Lack of standardized procedure for measuring portfolio impact on biodiversity
MAPFRE S.A.
Greenhouse gas emissions & sustainability report data
By scope: Scope 1: 10.4K tCO2e/year; Scope 2: 7.7K tCO2e/year (market-based); Scope 3: 6.5K + 39241.5 + 1081.99 + 90.17 + 16201 tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
67%
of total energy
Energy Use
133.5K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 10.4K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 7.7K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.5K + 39241.5 + 1081.99 + 90.17 + 16201 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 61.7K tCO2e/year |
| 2019 | 27.8K TmCO2eq (2019) |
| 2017 | 27.6K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced carbon footprint by 25% compared to 2019 baseline (exceeding the 7.5% target for 2023)
- 67% of the Group's global power consumption comes from renewable sources
- Reduced energy consumption by 22% compared to 2019 baseline (exceeding the 11% target for 2023)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 25% by 2030
- Reduce paper consumption by 25% by 2030
- Offset the carbon footprint in core and strategic countries by 2024
📅 Medium-term
- Reduce MAPFRE’s emissions by 50% by 2030
- Reduce energy consumption by 40% by 2030
- Achieve 100% renewable electricity by 2030
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
Climate ChangeBiodiversity