MAPFRE AM joins RIBI index for H&K’s ‘Avant Gardist’ category

Written by Michael Griffiths

15/10/2019

MAPFRE's asset management company, MAPFRE AM, has been listed in the ‘Avant Gardist’ category of the Hirschel and Kramer (H&K) Responsible Investment Brand Index (RIBI), which identifies the European firms in the sector who are most committed to socially responsible investment.

This is the most demanding category of this classification, only admitting 17% of the 220 evaluated asset managers operating in Europe.

The index considers, among other criteria, compliance with the Principles for Responsible Investment (PRI), a joint initiative with the UN Global Compact, that aims to enhance the understanding of the impact ESG issues have on investments.

MAPFRE already has a full range of ESG-integrated products available, and the savings solutions specialist recently launched the MAPFRE Inclusión Responsable fund – in partnership with La Financière Responsable (LFR) – which seeks to invest in companies that promote the inclusion of people with disabilities.

MAPFRE joined the network of signatories to these principles in May 2017.

Financial consultants Jean-Francois Hirschel and Markus Kramer are publishing the second edition of the RIBI index this year, which came about from the growing interest shown in how investments meet ESG criteria.

Sustainable investment assets totalled $30.7bn worldwide in 2018 – 34% more than the previous year – and there were 400 ESG-focused funds launched in 2018 alone, according to data from the Global Sustainable Investment Alliance (GSIA).

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