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Sampo 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.
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.
In order to ensure similar calculation methods group-wide, all Group companies started using the same service provider for the emission calculations in 2019. As this is the first year of reporting on a group level, some differences between the Group companies exist when it comes to the underlying data and the preparedness to produce such data.
In 2019, Sampo Group’s total GHG emissions were 16,414 tons, which equals 1.86 per employee. The scope 1 emissions were 9.4 per cent, scope 2 emissions 17.8 per cent, and scope 3 emissions 72.8 per cent of the total. The majority of Sampo Group’s GHG emissions come from business travel. Within the business travel category, emissions from flights and staff cars are the two largest emissions sources, with 37.3 per cent and 18.5 per cent, respectively. The next-largest emission source is electricity, followed by fuel and energy-related activities.