MAPFRE AMmanager of MAPFRE Grouphas expanded the number of funds with which clients can achieve not only financial profitability, but also social and environmental profitability, receiving approval from the Luxembourg supervisor (CSSF) to classify three funds as Article 8 according to the Disclosure Regulation (SFDR).
Specifically, it is the MAPFRE AM European Equities, European equities; MAPFRE AM Iberian Equities, focusing mainly on Spanish stocks; and MAPFRE AM Good Governance, which, in addition to incorporating social and environmental criteria, includes the companies with the best corporate governance in its portfolio.
There are three products that were already marketed, but They now incorporate ESG criteria into their investment decisions. “We are thus taking a new step in our commitment to have more and more sustainable products. These funds have traditionally done well, but we are thus taking a qualitative leap by focusing on investments that contribute to improving society and the environment. We will continue working to incorporate more funds of this type,” he explains. Álvaro Anguita, CEO of MAPFRE AM.
Precisely, work is being done to achieve article 8 qualification (SFDR) for the MAPFRE AM Global Bond Fund, which was born from the merger of two funds at the beginning of 2021, the MAPFRE AM Global Bond Fund, an income fund global fixed asset, and the Capital Investment Spain International Fund, managed by Amundi exclusively for MAPFRE companies since 1993. This fund seeks investment opportunities in the different international bond markets, both sovereign and corporate and from both developed and emerging countries.
Inclusion and environment
These funds are added to MAPFRE AM Capital Responsable, a mixed fund that promotes environmental and social characteristics, and MAPFRE AM Inclusion Responsible, which is classified as Article 8 and whose strategy is based on incorporating companies committed to the labor inclusion of people with disabilities. Furthermore, within the catalog of alternative funds, MAPFRE launched the first pure biomethane fund in Europe at the end of last year, MAPFRE Energías Renovables II, classified under SFDR as Article 9.
The incorporation of these products within these categories entails a series of obligations, such as preparation of an annual report which will reflect how investments have actually contributed to social and environmental initiatives or, ultimately, what the impact has been.
Sustainability and business strategy
MAPFRE develops its commitment to sustainability integrating environmental, social and governance criteria in the business and also in your investment decisions. In addition to developing sustainable investment products, the company evaluates the carbon footprint of the Group’s investments, provides ESG training to investment teams and prepares a socially responsible investment guide so that its teams can implement it.
It also has ambitious objectives, within its Sustainability Plan 2024-2026, such as qualifying 95% of the global investment portfolio with ESG criteria in 2026, reducing the emissions of the investment portfolio by 20% during this period and ensuring that at least 50% of the new products launched or modified by MAPFRE AM meet sustainability criteria. Along these lines, other public objectives also stand out, such as Do not invest in coal, gas and oil companies that are not committed to an energy transition plan.
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