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Climate and Environment

Sampo Group is committed to improving its environmental performance and combatting climate change.

Climate and Environmental Policy

In accordance with the Sampo Group Code of Conduct, the Group is committed to improving its environmental performance; to integrating environmental and climate considerations into its own operations and business activities; to reducing consumption of resources (e.g. energy and water) and improving the efficient use of those resources; to reducing pollution, emissions, and waste generated from business operations, incorporating reduction, re-use, and recycling; and to promoting and undertaking initiatives to encourage greater environmental responsibility and a sustainable future. Sampo Group aims to raise awareness, encourage participation, and train employees in environmental matters, and to encourage customers, suppliers, and other business partners to uphold similar environmental commitments. In addition to complying with existing legislation and the environmental principles of the Sampo Group Code of Conduct, Sampo Group is driven by its involvement in the UN Global Compact and Climate Action 100+ and its support of the Paris Agreement.

GHG Emissions

Sampo Group measures the environmental impact of its operations by calculating GHG emissions. Emissions reduction targets are set on a subsidiary level, in order to acknowledge the characteristics of each individual company and its ability to set targets. If, Mandatum Life and Sampo plc have offset the emissions caused by their own operations in 2020.

GHG Emissions (tCO2e), Sampo Group, 2020

  Scope 1 Scope 2 Scope 3 Total GHG emissions GHG emissions per employee
If 97 394 3,719 4,210 0.71
Topdanmark 1,352 2,123 2,549 6,023 2.48
Mandatum Life 55 364 558 977 1.96
Sampo plc 11 6 100 117 1.75
Sampo Group 1,515 2,887 6,926 11,327 1.26

 

Source of Emissions, Sampo Group, 2020

Source_of_GHG_emissions_2020.svg

Renewable Energy

All Sampo Group companies prioritize renewable energy sources when possible. This is part of overall GHG reduction action plans set by each company.

At If, all consumed electricity comes from renewable sources. District heating purchased for If’s premises in Turku, Finland, is also produced from renewable sources.

Topdanmark has an action plan for its buildings for 2021-2025 during which Topdanmark will change to carbon neutral electricity.

All real estate properties managed by Sampo plc and Mandatum Life have 0 C02-certificates, meaning that all electricity comes from renewable sources (wind power). In addition, a first solar power plant was set up in one property.

More information in Sampo Group’s Corporate Responsibility report, p. 68.

Updated 11 May 2021