Sustainability programme

Sampo Group has a sustainability programme, which drives group-level sustainability work.

Sampo Group’s sustainability programme consists of three strategic sustainability themes: Climate and environment, People and Communities, and Business management and practices. Under each theme the most material sustainability topics have been identified. They link to Sampo Group’s business and strategy and are seen as important by the Group’s various stakeholders.

Representatives from all Sampo Group companies have been involved in drafting the programme. In addition, regulatory requirements regarding current and future sustainability reporting (e.g. CSRD), feedback from investors and personnel, industry best practices, relevant reporting frameworks (e.g., the GRI Standards, the TCFD), and the views of various ESG rating agencies have been taken into account.

The sustainability programme is intended as a common tool and guideline for Sampo Group’s sustainability work. The programme evolves, as projects are completed and targets reached, or new priorities emerge. Every three years the programme undergoes a bigger update.

Sustainability programme
Sampo Group

 
Strategic sustainability theme Topics Objectives Key targets and metrics
Climate and environment

Such as:

  • Climate change

  • Biodiversity

  • Circular economy

Protecting the environment and combatting climate change:

  • Sampo integrates environmental and climate considerations into its insurance and investment operations.

  • Sampo cooperates with stakeholders on environmental and climate-related matters.
 Science-based climate targets (SBTs) for own operations (Scope 1 and 2) and investments (Scope 3)
People and communities

Such as:

  • Human rights and labour practices

  • Diversity, equity, and inclusion

  • Health, safety, and well-being

  • Competence development

  • Customer needs and preferences

  • Sustainable sales and marketing practices

  • Stakeholder engagement

Driving positive impact in society:

  • Sampo provides health, safety, and well-being in society.

  • Sampo offers the most appropriate insurance solutions for its customers' needs.

  • Sampo is a reliable partner for all stakeholders.
  • Employee engagement targets (eNPS or similar)

  • Customer satisfaction targets (tNPS)
Business management and practices

Such as:

  • Anti-corruption and bribery

  • Anti-money laundering and counter-terrorist financing

  • Data privacy

  • Information security and cybersecurity

  • Political involvement and lobbying

  • Whistleblowing and grievance procedures

  • Sustainable insurance operations

  • Sustainable partnerships and supply chain management

  • Sustainable investments

Ensuring sustainability in governance and business operations:

  • Sampo complies with applicable laws and regulations.

  • Sampo integrates sustainability considerations into its insurance and investment operations.

  • Sampo promotes the sustainability of its supply chain.
  • Targets related to internal policies and guidelines

  • Supplier Code of Conduct and engagement targets

 

Updated