Mapfre Slashes Energy Use 27% as Climate Plan Advances

Mapfre reported significant progress in its decarbonization strategy after exceeding internal energy-reduction targets, cutting energy purchases by 27% and reducing the carbon footprint linked to office energy consumption by 65%. The results underscore the growing role of energy efficiency, renewable electricity and building optimization as companies pursue climate-neutral operations while lowering costs. For the insurance sector and multinational firms operating in markets such as Mexico, the initiative illustrates how corporate decarbonization is increasingly driven by operational efficiency, renewable energy adoption and stronger ESG commitments.

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Mapfre announced new sustainability and energy efficiency results as part of its decarbonization strategy, reporting that it exceeded its internal energy-reduction targets while continuing to expand renewable energy use across its global operations. The Spanish insurer said it remains committed to achieving climate neutrality by 2030 in all countries where it operates. The update was released in connection with World Energy Efficiency Day, as the company outlined progress made under its Environmental Footprint Plan.

According to Mapfre, energy consumption reductions in 2025 surpassed the company’s 2030 target of a 16% decrease. The company reported a 27% reduction in the purchase of electricity and fossil fuels — including natural gas and gasoline — compared with previous levels. Since 2022, these measures have resulted in energy savings of about 40,000 kWh.

Lower energy consumption, combined with the increased use of renewable sources, has also reduced the carbon footprint associated with energy use in Mapfre offices by 65%. The company attributed the improvement to several initiatives, including the installation of photovoltaic panels, optimization of workspace use and investment in more efficient equipment. These measures also reduced electricity costs by 32% across buildings located in the 25 countries where Mapfre operates.

A central element of the company’s decarbonization strategy has been the electrification of heating systems. Mapfre has gradually replaced systems that rely on natural gas or fuel oil with equipment powered by electricity sourced from renewable generation. In some locations, this electricity is produced through on-site solar panels, while other facilities rely on renewable energy purchase agreements that guarantee clean power.

Solar generation has become a key component of Mapfre’s energy transition. The company reported that it has installed 9,177 photovoltaic panels across sites in Spain, Mexico, Italy, Peru, Malta, Portugal, Panama and the Dominican Republic. In 2025, those panels generated more than 4 million kWh of electricity for self-consumption. The company said the distributed installations support both emissions reductions and operational resilience by producing electricity directly at its facilities.

In addition to solar panel installations across Mexico, Mapfre also operates the wind farm Parque Eólico Oaxaca IV, located in the Isthmus of Tehuantepec in Oaxaca. Annually, the farm offsets 15,400 tons of CO₂, representing 79% of the company’s carbon emissions generated in Spain and Portugal in 2021. According to Mapfre, Parque Eólico Oaxaca IV is one of the largest wind-powered projects in Latin America.

Additional efficiency measures have also contributed to energy savings. Mapfre reported optimizing workspace usage through improved building design, operational practices and equipment selection. The company has also replaced conventional lighting with LED systems in multiple markets, including Italy, Germany, Colombia, Malta, Spain, Peru, Venezuela and Chile.

Climate control systems were also upgraded in several offices, including those in the United States, Spain and Chile. These improvements generated additional energy savings of about 3 million kWh, the company said.

Mapfre is also expanding sustainability certifications for its buildings as part of a broader environmental strategy. In 2025, 25 buildings obtained sustainability certifications such as LEED, BREEAM or Energy Star. These certified properties represent 59% of the administrative building space owned by the group.

The certifications are designed to support improvements in water use, energy efficiency, emissions reduction and environmentally responsible construction materials. They also encourage sustainable mobility practices, including reduced reliance on private vehicles and increased use of walking, bicycles and other non-motorized transportation options. Mapfre said the measures are intended not only to reduce the environmental impact of its real estate operations but also to improve working conditions for employees while supporting the company’s long-term climate commitments.

In 2022, the company joined the Net-Zero Insurance Alliance (NZIA) with the objective of reaching net-zero emissions across its insurance and reinsurance underwriting portfolios. As part of its Environmental Footprint Corporate Plan 2021–2030, Mapfre said it does not invest in companies unless at least 80% of their profits are derived from non-carbon sources.