MAPFRE AM’s senior executive team have gone back to school to continue strengthening their commitment to ESG by completing the European Federation of Financial Analysts Societies (EFFAS) European ESG certification programme.
The firm’s top asset management leaders, together with their teams, each worked to achieve the EFFAS Certified ESG Analyst (CESGA) certification. The certification assesses skills needed to achieve an efficient rating, measurement, and integration of ESG criteria into investment analysis.
MAPFRE Group Chief Investment Officer José Luis Jiménez and the head of MAPFRE AM, Chief Executive Officer Álvaro Anguita, decided to put themselves and their investment managers through the EFFAS course, so signalling how high industry standards could be implemented among investment professionals when it comes to ESG analysis and management.
José Luis Jiménez commented: “The CESGA certification of senior executives and our management teams demonstrates how the asset management industry could adopt common standards of knowledge and understanding when considering ESG factors in analysis. It also underpins MAPFRE’s on-going efforts to implement rigorous methodologies when analysing companies from an ESG perspective.”
MAPFRE AM, led by CEO Álvaro Anguita, has been developing its own proprietary ESG methodology for a number of years and is now seeking to ensure that all its managers adopt high standards by being wholly familiar with various sources of ESG data and tools; the challenges, issues, and problems of integrating ESG criteria into investment decisions; the opportunities and limits of measuring ESG criteria; the analysis of ESG in portfolios; and the impacts of ESG criteria on achieving risk-adjusted returns.
Notes to editors
About MAPFRE AM
ESG refers to Environmental, Social and Governance criteria
Within its range of investment funds, MAPFRE AM has three ESG themed funds: MAPFRE AM Good Governance, MAPFRE Capital Responsable and MAPFRE AM Inclusion Responsable. The latter two, co-managed with the French ESG focused manager La Financière Responsable, have received the European SRI Label, granted by the French Ministry of the Economy and Finance, making MAPFRE AM the sole Spanish asset manager to achieve this.
With more than 30 years of experience, MAPFRE AM has over EUR 57 billion in assets under management across asset classes.
It is responsible for asset management within MAPFRE Group, a global insurance company with a presence on all five continents, ranked as the leading multi-national insurer in Latin America and ranked sixth in Europe in Non-Life by premium volume.
MAPFRE Group has almost 34.000 employees and reported 2020 full year revenue of almost EUR 25.5 billion. It has a Solvency II ratio of 201% and financial strength rating affirmed by S&P at A+ .
The Group is in the process of applying ESG criteria to the entire balance sheet; that is, to all assets, both liquid and illiquid.
The Group is committed to the United Nations (UN) Global Compact, UN Environment Programme Finance Initiative (UNEP FI), Principles for Sustainable Insurance (PSI), Paris Pledge for Action, UN Principles for Responsible Investment (PRI). UN 2030 agenda - Sustainable Development Goals & Human Rights, and Women’s Empowerment Principles (UN Women).
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