Spanish financial group MAPFRE is launching a fund investing in European companies that promote the inclusion of people with disabilities showing its commitments to impact and social investing.
MAPFRE Inclusión Responsable (MAPFRE Responsible Inclusion) will combine the search for financial profitability with social impact by investing primarily in companies which actively seek to include disabled people within their workforce.
The fund's methodology, based on a questionnaire of 40 questions, has been developed by MAPFRE AM in collaboration with the French manager La Financiere Responsable (LFR), of which the Spanish firm owns a 25% stake.
The strategy, which has found so far 150 companies meeting the established requirements, has so far been made available just to French investors but will be distributed across the rest of Europe by the end of the year.
MAPFRE president Antonio Huertas said: "Our research has identified that companies committed to disability, have proved to be profitable, financially stable and therefore more sustainable than their competitors. We have therefore concluded that investing in such companies is not only positive for investors but is positive for society as a whole."
There are currently 902 employees with disabilities working for the MAPFRE Group, representing 2.5% of the total global workforce.
The company has set a public commitment that at least 3% of the workforce worldwide are people with disabilities by 2021.
The Fund has raised to three the number of ESG strategies the Spanish firm has, which includes MAPFRE Capital Responsable (MAPFRE Responsible Capital) and MAPFRE Good Governance.
The firm recently joined SpainSIF - the platform that promotes responsible investment in Spain - and it is a signatory to the Principles of Responsible Investment (PRI).
"Such moves aim to align MAPFRE's investment policy with its commitment to responsible social action," said the firm in a statement.