MAPFRE Group continues in its efforts to fight against climate change by reducing company emissions and contributing towards the Paris Agreement objective of limiting the average global temperature increase to below 2 degrees.
Decarbonisation refers to anything that helps eliminate the use of fossil fuels that contain carbon, such as coal, oil and natural gas, and that release energy, pollutants and greenhouse gases when combusted. One of the most abundant greenhouse gases produced by human activity is carbon dioxide (CO2). It causes warming of the atmosphere near the earth's surface and has highly negative consequences for the climate.
Decarbonisation is no longer a matter of choice; it is imperative for many companies that aim to become carbon neutral, such as MAPFRE Group. It is a challenge that requires companies to be aware of what their carbon footprint is currently and to identify short-, medium- and long-term strategies to reduce that footprint and offset whatever they cannot eliminate.
MAPFRE Group is implementing several strategies to achieve carbon neutrality. One of the company’s commitments is to become carbon neutral in Spain and Portugal before the end of 2021, and for all other countries where MAPFRE Group operates by 2030. In addition, MAPFRE Group is working towards incorporating the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), which will enable the company to report to its investors on how risks related to climate change are being managed.