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At Sampo Group, it is believed that integrity is the core of sustainable business. Corruption and bribery, as well as 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, the UK, and Luxembourg. Therefore, it could be stated that corruption and bribery, as such, are not the most critical risk factors for the Sampo Group companies’ own operations. However, it should be noted that, through its investments, the Group might have a higher exposure to anti-corruption and bribery.
The 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. At Group level, anti-corruption and bribery are part of the Code of Conduct training.
Further information can be found in the Corporate Responsibility Report (page 19).