Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Malta
  4. Malta Stock Exchange
  5. MAPFRE Middlesea p.l.c.
  6. News
  7. Summary
    MMS   MT0000050105

MAPFRE MIDDLESEA P.L.C.

(MMS)
  Report
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

MAPFRE Middlesea p l c : implements initiatives to fight against climate change

08/20/2021 | 05:54am EST
MAPFRE implements initiatives to fight against climate change

MAPFRE continues in its efforts to fight against climate change

MAPFRE 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. 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 is implementing a number of strategies in order 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 operates by 2030. In addition, MAPFRE 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.
Furthermore, partnerships between MAPFRE and other large companies are being developed by signing agreements to develop infrastructures that will aid in the promotion of decarbonisation in those respective markets. Forming part of the environmental, social and governance (ESG) investment criteria, MAPFRE does not invest in companies that derive 30% or more of their revenue from coal-produced energy. Instead, MAPFRE is strengthening its commitment to sustainable investment in Spain with the launch of its first renewables fund known as MAPFRE Energías Renovables. In fact, as part of MAPFRE's ESG underwriting criteria, the company no longer insures the building of new infrastructures related to coal mines or thermal power plants, as well as risks linked to tar sands, oil, or gas in the Arctic.
Moreover, MAPFRE has introduced new insurance products for electric and hybrid vehicles, as well as other products from Iberdrola which are 100% renewable. In order to further reinforce this initiative, MAPFRE Middlesea introduced a new EV insurance policy. The introduction of this EV policy forms part of MAPFRE's sustainability initiatives to promote a greener environment and fight against climate change.
Energy savings is also going to play a key role in MAPFRE's initiative to fight climate change. MAPFRE is currently promoting the reduction of energy, water and paper consumption within the company's many offices and is encouraging the practice of working remotely amongst its employees.
MAPFRE's activities contribute towards several Sustainable Development Goals such as promoting good health and well-being, the use of affordable and clean Energy, climate action, and cultivating new partnerships and relationships in order to achieve these goals.

Disclaimer

Mapfre Middlesea plc published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 09:53:05 UTC.


© Publicnow 2021
All news about MAPFRE MIDDLESEA P.L.C.
12/03MAPFRE MIDDLESEA P L C : Street Smart 7 road safety campaign officially launched to primar..
PU
10/29MAPFRE organizes a volunteering day in collaboration with Merill Rural Network
PU
10/27A Guide to Professional Indemnity Insurance
PU
10/22MAPFRE MIDDLESEA P L C : Malta supports International Day against Breast Cancer
PU
10/14MAPFRE MIDDLESEA P L C : FUNDACIÓN MAPFRE launces new edition of awards for Social Innovat..
PU
10/01MAPFRE MIDDLESEA P L C : will celebrate the 5th Edition of Global Volunteering Day
PU
09/22MAPFRE MIDDLESEA P L C : joins the #WeSupportTheSDGs Campaign as part of its commitment to..
PU
09/19MAPFRE MIDDLESEA P L C : How does insurance help create a more sustainable world?
PU
09/19MAPFRE MIDDLESEA P L C : How much energy is left?
PU
09/07MAPFRE MIDDLESEA P L C : supports the Circular Economy
PU
More news
Financials
Sales 2020 389 M 440 M 440 M
Net income 2020 9,12 M 10,3 M 10,3 M
Net cash 2020 96,0 M 109 M 109 M
P/E ratio 2020 24,8x
Yield 2020 2,13%
Capitalization 202 M 228 M 229 M
EV / Sales 2019 0,22x
EV / Sales 2020 0,33x
Nbr of Employees 279
Free-Float 45,4%
Chart MAPFRE MIDDLESEA P.L.C.
Duration : Period :
MAPFRE Middlesea p.l.c. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Javier Moreno Gonzalez President & Chief Executive Officer
James Mallia Chief Financial Officer
Martin Galea Non-Executive Chairman
Luciano Anastasi Chief Information Technology & Processes Officer
Olivia Darmanin Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
MAPFRE MIDDLESEA P.L.C.-10.57%228
AMERICAN INTERNATIONAL GROUP, INC.36.61%44 271
THE TRAVELERS COMPANIES6.26%36 695
TOKIO MARINE HOLDINGS, INC.10.81%35 468
THE ALLSTATE CORPORATION-2.55%31 053
SAMPO OYJ25.57%26 732