Mapfre Asset Management has been listed on the Hirschel and Kramer (H&K) Responsible Investment Brand Index (RIBI), which identifies the European firms in the sector most committed to Socially Responsible Investment.
The index, which evaluates 220 asset managers operating in Europe, takes into account, among other criteria, compliance with the Principles for Responsible Investment, a joint initiative with the UN Global Compact that aims to enhance understanding of the impact of environmental, social and governmental issues (ESG) on investments. Mapfre became a signatory of these principles in May 2017.
The Spanish manager has been listed in the "Avant Gardist" category of the H&K RIBI, to which belong just 17% of all the managers that were analysed.
Financial consultants Jean-Francois Hirschel and Markus Kramer are publishing the second edition of the RIBI index this year. Its launch came as a result of the growing interest shown in how investments meet ESG criteria.
Sustainable investment assets totaled $30.7bn worldwide in 2018 alone, a figure representing a 34% year-on-year increase. According to data from theGlobal Sustainable Investment Alliance (GSIA), 400 ESG-focused funds focused were launched during the same period.
Mapfre says to be firmly committed to socially responsible investment. It has available a full range of products that integrate ESG criteria and recently launched, in partnership with La Financière Responsable (LFR), the Mapfre Inclusión Responsable fund, a strategy investing in companies that promote the inclusion of people with disabilities.
Mapfre's team of 150 professionals manages more than €60bn worldwide, and is an active investor in 26 countries.