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At Sampo Group, it is believed that integrity is the core of sustainable business. Corruption, bribery, and dishonest and unfair competition distort the markets and prevent healthy economic development. In general, the Nordic countries have the lowest perceived levels of corruption in the world.
The Nordic countries are also the main area of business for Sampo Group companies. In addition, the Group companies have operations in the Baltics and small branch offices in Germany, France, the Netherlands, and the UK. Therefore, it could be stated that corruption and bribery, as such, are not the most critical risk factors for Sampo Group companies. However, it should be noted that, through its investments, the Group might have a higher exposure to anti-corruption and bribery. More on investments can be found in the section Investments.
Sampo Group's Code of Conduct states that Sampo does not accept any form of corruption, bribery or conduct that could create the appearance of improper influence. All employees of Sampo Group companies must ensure that all payments to third parties are appropriate, for legitimate business reasons, and correctly recorded.
To further enhance the group-level principles, all three subsidiaries have additional policies in place. If has an Ethics Policy, Topdanmark has an Anti-Corruption Policy focusing on gifts and hospitality, and Mandatum Life has an Anti-Bribery and Corruption Policy, which all serve the same purpose. Topdanmark has also joined the UN's Global Compact in 2010. Further information on anti-corruption and bribery at Topdanmark, and on Topdanmark's work regarding the Global Compact, can be found in Topdanmark's CSR Report 2017.
At the group-level, anti-corruption and bribery are part of the Code of Conduct training. Other measures that, together with the mentioned policies, make up Sampo Group's anticorruption program and form part of the internal control system include: