MAPFRE AM has made three of its existing Luxembourg-domiciled funds compliant with SFDR Article 8 – MAPFRE AM European Equities, MAPFRE AM Iberian Equities, and MAPFRE AM Good Governance.
The funds, which invest in European equities, equities in Spain, and companies with positive corporate governance practices, respectively, are part of the company’s 2024-26 sustainability plan, which includes classifying 95% of its funds with ESG criteria.
The company is now working towards Article 8 classification for its MAPFRE AM Global Bond fund, which pursues international sovereign and corporate bond markets across developed and emerging regions.
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Álvaro Anguita, managing director of MAPFRE AM, said: “This represents another step forward in our commitment to increasing our line of sustainable products. Traditionally, these funds have always done well, but now we’ve given them an important qualitative enhancement, by focusing on investments that help improve society and the environment. Moreover, our work in this area is still ongoing, so we can continue to add more funds like these in the future.”
MAPFRE’s sustainability plan also includes reducing the carbon emissions in its portfolios by 20% and ensuring that at least half of the company’s new and updated products comply with sustainability criteria.
