Mapfre SA

Common Name
Mapfre
Country
Spain
Sector
Financial Services
Industry
Insurance - Diversified
Employees
30,526
Ticker
MAP
Exchange
BOLSA DE MADRID
Description
Mapfre S.A. is a multinational insurance company headquartered in Spain, specializing in providing a broad range of insurance products and services to individuals and businesses across the globe. Prim...

Mapfre's GHG Emissions Data Preview

In 2023, Mapfre completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, Mapfre has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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b
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b
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Mapfre’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Mapfre’s data sources below and access millions more through our Disclosure Search.

a. Mapfre's TCFD Report 2023
a. Mapfre's TCFD Report 2023
b. Mapfre's Annual Report 2022
b. Mapfre's Annual Report 2022

Insights into Mapfre's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Mapfre amounted to 18,099.67 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Mapfre decreased by 50.66%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Mapfre's Scope 1 Emissions Over Time

2019202020212022202303.5 k7 k10.5 k14 ktCO2e-31%+19%-1%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Mapfre's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Mapfre were 10,422.02 metric tons of CO₂ equivalent (tCO₂e). a

Has Mapfre reduced its Scope 1 emissions over time?

Since 2019, Mapfre's Scope 1 emissions have decreased by 14.85%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Mapfre's Scope 1 emissions increased by 4.85%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Mapfre's Scope 2 emissions?

In 2023, Mapfre reported Scope 2 greenhouse gas (GHG) emissions of 7,677.65 tCO₂e using the market-based method. a

Has Mapfre reduced its Scope 2 emissions over time?

Since 2019, Mapfre's Scope 2 greenhouse gas (GHG) emissions ( Market-Based) have decreased by 47.55%, reflecting a declining long-term trend in Scope 2 emissions over time. a

What methodology does Mapfre use for Scope 2 reporting?

In 2023, Mapfre reported its Scope 2 emissions using the market-based method. a

Mapfre's Scope 2 Emissions Over Time

2019202020212022202307 k14 k21 k28 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Mapfre's Value Chain Emissions

In 2023, Mapfre reported 46,943.55 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Mapfre includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 4 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

Mapfre's Scope 3 Emissions Over Time

20192020202120222023015 k30 k45 k60 ktCO2e-56%+18%+36%+17%
  • Total Scope 3
  • Year-over-Year Change

What are Mapfre's Scope 3 emissions?

In 2023, Mapfre reported total Scope 3 emissions of 46,943.55 metric tons of CO₂ equivalent (tCO₂e). a

Has Mapfre reduced its Scope 3 emissions over time?

Since 2019, Mapfre's Scope 3 emissions have decreased by 17.02%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Mapfre's Scope 3 emissions increased by 17.48%, suggesting that the company faced challenges in reducing emissions across its value chain. a

Insights into Mapfre’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Mapfre reported Scope 1 greenhouse gas (GHG) emissions of 10,422.02 tCO₂e and total revenues of USD 28,375 millions. This translates into an emissions intensity of 0.37 tCO₂e per millions USD. a

Mapfre's Scope 1 Emissions Intensity Compared to Peers

0.02220020,0002,000,000Scope 1 Emissions (tCO2e)1005005,00050,000200,000Revenues (Millions of USD)SBB Seguridade ParticipacoesYear: 2022Scope 1: 799,200 tCO2eRevenue: $M 879Scope 1 Intensity: 909.52 tCO2e/$MBaloise HoldingYear: 2024Scope 1: 4,785 tCO2eRevenue: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$MOUTsurance GroupYear: 2024Scope 1: 819 tCO2eRevenue: $M 1,772Scope 1 Intensity: 0.46 tCO2e/$MSwiss Life HoldingYear: 2024Scope 1: 5,842 tCO2eRevenue: $M 15,936Scope 1 Intensity: 0.37 tCO2e/$MSampo OyjYear: 2024Scope 1: 883 tCO2eRevenue: $M 9,933Scope 1 Intensity: 0.09 tCO2e/$MiA FinancialYear: 2024Scope 1: 6,757 tCO2eRevenue: $M 2,647Scope 1 Intensity: 2.55 tCO2e/$MCaixa Seguridade ParticipacoesYear: 2022Scope 1: 48 tCO2eRevenue: $M 319Scope 1 Intensity: 0.15 tCO2e/$MGrupo Catalana OccidenteYear: 2024Scope 1: 19,054 tCO2eRevenue: $M 2,587Scope 1 Intensity: 7.36 tCO2e/$MVienna Insurance GroupYear: 2024Scope 1: 18,538 tCO2eRevenue: $M 13,454Scope 1 Intensity: 1.38 tCO2e/$MHelvetia HoldingYear: 2024Scope 1: 8,631 tCO2eRevenue: $M 12,396Scope 1 Intensity: 0.70 tCO2e/$MStar HealthYear: 2024Scope 1: 0 tCO2eRevenue: $M 1,600Scope 1 Intensity: 0.00 tCO2e/$MAvivaYear: 2024Scope 1: 7,437 tCO2eRevenue: $M 39,855Scope 1 Intensity: 0.19 tCO2e/$MSSSagaYear: 2024Scope 1: 109,647 tCO2eRevenue: $M 731Scope 1 Intensity: 150.02 tCO2e/$MAegonYear: 2024Scope 1: 1,480 tCO2eRevenue: $M 20,302Scope 1 Intensity: 0.07 tCO2e/$MTalanxYear: 2024Scope 1: 13,090 tCO2eRevenue: $M 26,617Scope 1 Intensity: 0.49 tCO2e/$MPhoenix FinancialYear: 2024Scope 1: 3,783 tCO2eRevenue: $M 8,260Scope 1 Intensity: 0.46 tCO2e/$MSinar Mas MultiarthaYear: 2024Scope 1: 9,024 tCO2eRevenue: $M 1,621Scope 1 Intensity: 5.57 tCO2e/$MTrygYear: 2024Scope 1: 1,120 tCO2eRevenue: $M 5,611Scope 1 Intensity: 0.20 tCO2e/$MAXAYear: 2024Scope 1: 21,054 tCO2eRevenue: $M 93,490Scope 1 Intensity: 0.23 tCO2e/$MALM. Brand A/SYear: 2024Scope 1: 599 tCO2eRevenue: $M 1,970Scope 1 Intensity: 0.30 tCO2e/$MSun Life FinancialYear: 2023Scope 1: 15,057 tCO2eRevenue: $M 28,817Scope 1 Intensity: 0.52 tCO2e/$MArch Capital GroupYear: 2024Scope 1: 2,252 tCO2eRevenue: $M 16,932Scope 1 Intensity: 0.13 tCO2e/$MAmerican International GroupYear: 2024Scope 1: 8,258 tCO2eRevenue: $M 27,272Scope 1 Intensity: 0.30 tCO2e/$MMapfreYear: 2023Scope 1: 10,422 tCO2eRevenue: $M 28,375Scope 1 Intensity: 0.37 tCO2e/$M

How does Mapfre's GHG emissions intensity compare to its peers?

In 2023, Mapfre reported a Scope 1 emissions intensity of 0.37 tCO₂e per millions USD. Compared to the peer group median of 0.46 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Mapfre rank on GHG emissions intensity within its industry?

In 2023, Mapfre ranked 12 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Mapfre is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Mapfre's Total Carbon Footprint

In 2023, Mapfre reported a total carbon footprint of 65,043.22 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.13% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Mapfre's total carbon footprint was Scope 3 emissions, accounting for 72.17% of the company's total carbon footprint, followed by Scope 1 emissions at 16.02%. a

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