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THE UN Sustainable Development Goals

The UN Sustainable Development Goals (SDGs) are a universal call to action to end poverty, protect the planet, and promote peace and prosperity for all by 2030.

Sampo plc has assessed the United Nations' (UN) Sustainable Development Goals (SDGs) and the underlying targets to identify the SDGs to which Sampo Group companies can contribute the most. During the project, all 17 SDGs and 169 underlying targets were evaluated in relation to the Group companies’ businesses and the Group’s corporate responsibility themes.

According to the assessment, Sampo Group has a strong impact on SDGs 3, 5, 8, 12, and 13. The Group companies aim to contribute to these SDGs positively through their products and services, by improving their own operations, by being active in their respective communities, and by engaging with their value chains.

Sampo Group companies can also negatively affect the SDGs, for example, through the environmental impacts of their own operations and by enabling negative impacts through investee companies or insurance operations. To manage the possible negative impacts, investments are screened against sensitive sectors and international norms and standards. Sampo Group companies also seek to be active owners and to influence the companies they invest in. In terms of insurance operations, Sampo Group companies have policies and guidelines in place, and they are committed to encouraging suppliers and other business partners to adopt the same principles. 

The Sampo Group companies operate mainly in countries which are characterized by high financial inclusion, access to public health care, and gender equality. This means that the perspective on the SDGs and the possibilities to contribute to the underlying targets are different from those of developing countries. Developed countries also look for local indicators to measure their impact and progress towards the goals. After all, there are still challenges, for example, regarding health and safety, responsible consumption, social inclusion, greenhouse gas (GHG) emissions, the gender pay gap, and the changes automation is bringing to the job market. Climate change and biodiversity loss, on the other hand, are global concerns.

In addition to the group-level SDGs, Sampo plc’s subsidiaries have identified the SDGs that are most relevant for them. More information on If, Topdanmark, Hastings, and Mandatum Life’s work towards the SDGs is available in the companies’ own sustainability reports.

Sustainable Development Goal

Target
Examples and 2020 highlights

SDG_EN_3.png

More information is available in Sampo Group’s Corporate Responsibility report, sections

  • Health and Well-Being
  • Responsible Product and Service Offering
  • Responsible Investment Management and Operations
  • Stakeholder Engagement and Dialogue
3.4 Promote mental health and well-being
  • Sampo Group companies promote the mental and physical well-being of their employees by offering meaningful work assignments, possibilities to develop skills, and employee health care and benefits.
  • Sampo Group companies have restrictions on investing in tobacco.
  • Sampo Group companies offer products and services that contribute to customers’ health and well-being.
  • The annual monetary donations made by the Group companies support causes that promote health and well-being

3.6 Halve the number of global deaths and injuries from road traffic accidents

  • If supports the Yellow Cap campaign in Finland and donates reflective yellow caps to first graders to improve children’s traffic safety. In 2020, almost 55,000 caps were sent to schools.

3.8 Achieve universal health coverage, including financial risk protection, access to quality essential health-care services and access to safe, effective, quality, and affordable essential medicines and vaccines for all

  • Mandatum Life’s personal risk insurance increases customers’ and their families’ financial security in the event of serious illness, disability, or death. The insurance helps to cover losses in income resulting from an illness.
  • When customers or people covered by Topdanmark’s insurances face a severe illness or an injury, the company tries to help with individualized efforts. Examples include the TopOmsorg® program and individualized efforts covered by third-party liability or workers’ compensation.

SDG_EN_5.png

More information is available in Sampo Group’s Corporate Responsibility report, sections

  • Diversity and Equality
  • Remuneration

5.1 End all forms of discrimination against all women and girls everywhere

  • In 2020, Sampo Group developed reporting on equal remuneration.
  • In 2020, If implemented a new tool for pay gap analysis.

5.5 Ensure women’s equal opportunities in leadership at all levels of decision-making

  • Sampo Group companies strive to achieve equal gender representation across operations and management.
  • FEMALE@if network, which started in 2018, continued its work.
  • Hastings met the commitment of the 30% Club of having women in 30 per cent of senior leadership positions.

SDG_EN_8.png

More information is available in Sampo Group’s Corporate Responsibility report, sections

  • Diversity and Equality
  • Human Rights and Labor Practices
  • Health and Well-Being
  • Competence Development
  • Remuneration

8.5 Achieve full and productive employment and decent work for all, including for young people and persons with disabilities, and equal pay for work of equal value

  • In 2020, Sampo Group developed reporting on equal remuneration.
  • In 2020, If implemented a new tool for pay gap analysis.

8.6 Substantially reduce the proportion of youth not in employment, education, or training

  • During summer 2020, If had 255 summer workers.
  • Mandatum Life had 12 summer trainees and a few interns who worked over the summer in 2020.
  • Topdanmark has set a target to contribute to education in the insurance industry by employing a minimum of 20 finance trainees annually, in addition to finance internships.

8.8 Provide a decent and attractive work environment that supports labor rights

  • Sampo Group is a signatory of the UN Global Compact.
  • The Sampo Group Code of Conduct aims to ensure a decent and attractive work environment and to promote equality for all within the Group.
  • Employee turnover and absence due to illness decreased in all Group companies in 2020.
  • By the end of 2020, 40 per cent of If’s suppliers had signed If’s Supplier Code of Conduct.
  • Mandatum Life was recognized as the number one place to work in Finland and among the top 10 workplaces in Europe by the Great Place to Work® survey.
  • Hastings was placed at number 37 in the 2020/2021 Inclusive Top 50 UK Employers list.
  • Employee satisfaction improved in Topdanmark, Hastings, and Mandatum Life in 2020.

SDG_EN_12.png

More information is available in Sampo Group’s Corporate Responsibility report, sections

  • Responsible Product and Service Offering
  • Environmental Impacts of Group Operations

12.5 Reduce waste generation through prevention, reduction, recycling, and reuse

  • If focuses on increasing recycling and reuse of undamaged vehicle parts instead of disposing of them, as well as reducing the amount of waste from property repairs. A total of 3,418 metric tons of spare parts were repaired and reused in If’s vehicle repairs during 2020.
  • Topdanmark has goals for recycling and repair in its claims handling.

12.6 Encourage companies to adopt sustainable practices and to integrate sustainability information into their reporting cycle

  • All Sampo Group companies have programs aiming to promote more environmentally friendly offices.
  • Regarding Topdanmark’s own operations, the company is aiming to reduce the consumption of plastic disposables and paper, as well as to recycle waste, IT equipment, and bicycles.
  • During 2020, If reviewed and updated its environmental requirements on property repair contractors.
  • By the end of 2020, 40 per cent of If’s suppliers had signed If’s Supplier Code of Conduct

SDG_EN_13.png

More information is available in Sampo Group’s Corporate Responsibility report, sections

  • Responsible Product and Service Offering
  • Environmental Impacts of Group Operations
  • Investment Management and Operations
  • Stakeholder Engagement and Dialogue

 

 

13.1 Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries

  • If provides risk management services to major corporate clients and If house assessments to private customers that reduce climate-related risk and increase resilience.
  • Topdanmark offers customers help before damage has occurred by offering products such as LeakBot, which detects water damage.

13.2 Integrate climate change measures into policies, strategies, and planning

  • Environmental and climate change considerations are an integrated part of Sampo Group companies’ investment management and insurance operations.
  • All Sampo Group companies measure and aim to reduce the GHG emissions of their own operations. During 2020, the GHG emissions of Sampo Group decreased by 31 per cent.
  • In 2020, If, Mandatum Life, and Sampo plc offset the GHG emissions from the companies’ own operations via the Gold Standard VER project in Cambodia.

13.3 Improve education, awareness-raising, and human and institutional capacity for climate change mitigation, adaptation, impact reduction, and early warning

  • In 2020, If financed and participated in research projects on climate change adaptation in municipalities and the energy sector.
  • In 2020, Mandatum Life and WWF Finland published an updated guide promoting the climate sustainability of investments.
Updated 19 May 2021