Double materiality assessment

During 2023–2024, Sampo Group conducted a double materiality assessment to meet the requirements of the Corporate Sustainability Reporting Directive (CSRD). The initial assessment indicates that the most material sustainability topics according to the classification of the European Sustainability Reporting Standards (ESRS) are climate change, resource use and circular economy, own workforce, workers in the value chain, consumers and end-users, and business conduct. The complete results of the assessment and a double materiality matrix will be published as part of the Sampo Group Board of Directors’ Report 2024. Sampo Group will report on the material topics as required by the legislation, and the topics are also reflected in Sampo Group’s sustainability programme.

The double materiality assessment project was led by a core project team and involved key representatives from several difference parts of the Group. Sampo Group’s double materiality assessment was also impacted by similar assessments completed by the Group companies If, Topdanmark, and Hastings. In addition, the views of external stakeholders were considered (e.g. investor feedback, customer feedback, stakeholder interviews).

The assessment project was supported by an external partner. The assurance of the double materiality assessment is completed by Sampo plc’s AGM-selected auditor and sustainability reporting assurance provider, Deloitte. Sampo Group’s double materiality assessment is reviewed annually by Sampo’s Audit Committee and the Board of Directors as required by the legislation.