Mapfre SA

Mapfre SA has implemented a structured approach to align its external engagement with climate commitments, with its Sustainability Committee stating it "is in charge of ensuring the consistency of external engagement with climate commitments" and that it "monitors the international Sustainability initiatives and the commitments acquired by MAPFRE at all times." Additionally, the company requires that "memberships in institutions specifically focused on sustainability and climate change follow a three-tier governance process: initially by the Sustainability Operating Committee, then by the Executive Committee, and finally by the Risk and Sustainability Committee," which provides a clear mechanism for overseeing indirect lobbying via trade associations. However, Mapfre does not disclose a dedicated lobbying policy or guidelines for direct advocacy activities, nor does it explain how it manages or exits relationships with organizations whose policy positions may conflict with its climate objectives, indicating that the governance framework for climate lobbying is not fully defined across all engagement channels.