MAPFRE Malta is joining forces with other Maltese reputable business leaders so as to collaborate in the Malta ESG Alliance with the first aim being that of putting forward a climate change initiative.
MAPFRE is one of thirteen reputable business organisations which have come together to announce the launch of a new alliance called Malta ESG Alliance (MESGA) – a private sector initiative to tackle local environmental, social and governance priorities.
James Mallia, CFO and acting CEO was present for the joint press conference held on 20th July featuring all the Founding Members’ CEOs and top representatives. The Alliance members are being supported by Perit David Xuereb and consultancy firm EY Malta.
The Founding Members aim to attract other committed members from all economic sectors to join such an Alliance, by acting as credible leaders and acting on sustainable matters first hand. The Malta ESG Alliance explained how the first ESG theme chosen for company projects was that of climate change and decarbonisation.
Indeed, during the press conference, James Mallia, explained how through its own Environmental Policy, the MAPFRE Group assumes a firm commitment as regards to pollution prevention, environmental conservation and the preservation of biodiversity, the promotion of energy efficiency and climate change management. He explained that MAPFRE implements its environmental actions as per guidelines defined in the triple Integrated Environmental, Energy and Carbon Footprint Management System (SIGMAYE), designed in accordance with ISO international standards.
At MAPFRE, both in Malta and at Group level, waste management protocols are implemented to ensure that the treatment, storage, and removal of waste is being done properly. They have also introduced a new Electric Vehicle insurance policy to promote a greener environment and also with their remote working hybrid model, they are hitting multiple targets due to saving on travel costs and significantly reducing their carbon footprint.
Along with the other decarbonisation projects of the other Alliance members, the private sector is taking steps to contribute to a more sustainable and less carbon intensive future Malta.
As part of this initiative, MAPFRE Middlesea is introducing renewable energy sources via Installation of a PV system in the region of 180 panels of around 400W each which will generate around 100MWh of electricity annually. Carbon footprint will be reduced by 40 tons of CO2 annually.
More information on MAPFRE sustainability initiatives can be found on https://www.mapfre.com.mt/about-us/mapfre-middlesea/sustainability/