MAPFRE is launching ‘MAPFRE Inclusión Responsable' – an investment fund which invests in European companies which actively seek to include disabled people within their workforces.
By combining profitability with social impact, the fund (thought to be the first of its kind) is being launched in France and marketed throughout the rest of Europe by the end of this year.
MAPFRE Inclusión Responsable will combine the search for financial profitability with social impact by investing primarily in companies who are leaders in employing people with disabilities. The methodology to do so, which is based on a questionnaire of 40 questions, has been developed by MAPFRE AM and its French ESG focused associate, fund manager La Financiere Responsable (LFR). This on-going research has so far identified around 150 companies – some 25% of the total - as being either leaders in this field or committed to becoming so.
MAPFRE Inclusión Responsable aims to demonstrate empirically that the inclusion of people with disabilities in companies can be profitable. Back testing by MAPFRE’s asset management team shows that over the past five years the portfolio of companies selected for inclusion would be four times more profitable than the market as a whole, so providing a compelling investment thesis.
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.”
The promotion of inclusion is a policy that MAPFRE itself actively pursues. Currently the company has 902 employees with disabilities working in the Group, which represents 2.5% of the total global workforce. By 2021, the company has set a public commitment that at least 3% of the workforce worldwide are people with disabilities.
MAPFRE Inclusión Responsable is one of a number of other MAPFRE investment funds focused on ESG. Together, these funds make up the company’s ‘sustainable value creation model’. The other funds include MAPFRE Capital Responsable and MAPFRE Good Governance.
Also, in line with its responsible investment approach, the company has 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.
Notes to Editors:
MAPFRE AM is the group's asset management company in Spain. Its investment philosophy combines the creation of long-term value with wealth protection. Its main areas of expertise are in European equities, fixed income and asset allocation.
MAPFRE is a global insurer with a presence in the five continents. It is the largest Spanish insurer in the world, the third largest insurance group in Latin America and is in the Top 10 in Europe by volume of premiums. MAPFRE has more than 35,000 employees and in 2018, its revenues were close to 27,000 million euros, with net profit of 529 million euros.
LFR is an asset manager based in Paris, in which MAPFRE holds a 25% shareholding. It has a proprietary methodology and analysis in socially responsible investment, and is one of the most recognized managers in France in terms of ASG.
More information at: https://noticias.mapfre.com/
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