A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

Fund Solutions

MAPFRE AM Expands Sustainable Mutual Funds

The asset management arm of Spanish insurance group MAPFRE has added three funds to its line of sustainable products, enabling clients to further pursue social goals beyond financial returns. MAPFRE AM European Equities, MAPFRE AM Iberian Equities, and MAPFRE AM Good Governance are all Article 8-compliant under the Sustainable Finance Disclosure Regulation (SFDR). All three of them were previously available, but have now had ESG criteria incorporated into investment decisions. “This represents another step forward in our commitment to increasing our line of sustainable products,” said Álvaro Anguita, Managing Director of MAPFRE AM. “Traditionally, these funds have always done well, but now we’ve given them an important qualitative enhancement by focusing on investments that help improve society and the environment.” The asset manager’s work in this area is ongoing, Anguita explained, meaning it will likely add more funds in the future. MAPFRE AM is currently looking to obtain an Article 8 classification for its Global Bond Fund, created by merging two other funds in early 2021. At the end of last year, it also launched MAPFRE Renewable Energies II – Europe’s first fund dedicated entirely to biomethane, classified as Article 9 under the SFDR. “MAPFRE continues to demonstrate its commitment to sustainability by integrating ESG criteria into its business strategy and investment decisions,” the firm said in a statement. “In addition to developing sustainable investment products, the company is also evaluating [its] carbon footprint, providing ESG training to its investment teams, and producing a socially responsible investment guide that can be implemented by its personnel.” The company’s 2024-2026 sustainability plan set some ambitious goals, such as ensuring that 95% of its global investment portfolio is classified using ESG criteria by 2026, reducing the carbon emissions generated by its investment portfolio by 20%, and ensuring that at least 50% of MAPFRE AM’s new and updated products comply with sustainability criteria. The group has also excluded investment in coal, natural gas, oil companies unless they are committed to an energy transition plan.

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top