Last Updated on Monday, 15 February, 2021 at 5:52 pm by Andre Camilleri
MAPFRE has once again been named one of the world’s leading companies in the area of sustainability by being included, for the second year running, in the Sustainability Yearbook 2021 — a prestigious annual publication by S&P Global that ranks the most socially responsible companies.
Global Head of ESG Research at S&P Global, Manjit Jus said “We want to congratulate MAPFRE on earning a place in the Sustainability Yearbook 2021. Out of more than 7,000 companies evaluated, MAPFRE’s inclusion in the Yearbook is a true testament to its excellence in corporate sustainability.”
To appear in the Yearbook, companies must be among the top 15 percent in their sector and must achieve a score that is within 30 percent of the best performing companies in their industry in terms of environmental, social and governance matters.
For this 17th edition of the Yearbook, S&P analyzed a total of 7,032 companies across 61 sectors. Among those selected are 24 Spanish companies. MAPFRE is the only insurer among this group, which highlights the international recognition that the multinational has received for the effort it has made in recent years on its sustainability strategy.
S&P Global is a company that specializes in publishing analysis and reports related to financial research. This year, in addition to focusing its work on risk detection, impact measurement and disclosure of results, it has also focused on gender equality, efforts to reduce plastic packaging, the move to electric transport and the use of ESG criteria as a tool for effective risk management.
It also highlights the growing interest within the insurance industry to “integrate sustainability into its core activity,” as well as to “consider long-term sustainability factors such as climate change in its risk assessments” and to provide consumers with “greater transparency and new direct channels to deliver new products and services.”
MAPFRE is included in the Dow Jones Sustainability Indices World Index, one of the leading international barometers for measuring business sustainability performance. Moreover, for the fourteenth consecutive year, MAPFRE has been included in the FTSE4Good, the London Stock Exchange’s sustainability index, ranking higher than the insurance industry average in environmental, social and governance criteria.