Mapfre signs UN principles for responsible investment
Mapfre has joined the global network of signatories to the Principles of Responsible Investment (PRI), following the launch of the Good Governance fund in February this year by the firm’s asset management unit.
PRI is an initiative in collaboration with the UN Global Compact, which aims to understand the impact of environmental, social and governmental issues on investment and encourages signatories to integrate these issues into their decision-making.
The move is wholly aligned with the firm’s “long-standing commitment” to social and environmental sustainability, Mapfre said.
The firm has been a signatory to the UN Global Compact since 2004, and as an insurance company, it is also adhering to the principles of sustainable insurance developed by the UN.
Antonio Huertas, president of MAPFRE said: “As we strengthen and develop our investment and asset management business we aim to align the interests of our investors with the wider objectives of society, without forgetting that those actions are In line with our fiduciary role of always acting in its best interests in the long term.”
The six Principles of Responsible Investment were developed by investors and backed by the UN. There are over 1,400 signatories operating in more than 50 countries and representing assets worth $59trn.