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Human Rights

Sampo Group companies are committed to upholding internationally recognized human rights, as defined in the United Nations’ Universal Declaration of Human Rights and the UN Guiding Principles on Business and Human Rights.

The Group is committed to ensuring that internationally accepted human rights are never infringed in its operations. Sampo Group companies are encouraged and expected to respect international human rights and to follow and comply with local legislation.

In addition, Sampo Group is committed to complying with the Core Conventions of the International Labor Organization (ILO). The aim of Sampo Group is to provide a non-discriminatory, agreeable, and open working environment, where each and every employee is treated fairly and equally, regardless of gender, race, religion, nationality, age, or physical ability. Discriminatory practices with regard to recruitment, promotion, remuneration, or general conduct in the workplace are not tolerated.

Sampo Group companies operate in the Nordic and Baltic countries, where freedom of assembly is generally respected and even protected by law. Workers have the right to organize, bargain collectively, and strike. Sampo operates in each of its operating countries according to the local legislation and grants its employees the rights that are lawfully theirs. Sampo does not collect data on how many of the Group’s employees belong to trade unions. However, it can be stated that, in general, the level of organizing is high in the Nordic countries compared to the rest of the world. For example, in Denmark, Finland, and Sweden, trade unions are strong and well organized, with over 70 per cent of the whole workforce belonging to trade unions.

Sampo and the Group companies acknowledge that the risk of possible direct human rights violations is relatively low in their operations, but recognize that their actions may have direct and indirect negative impacts on human rights. These risks are managed according to Sampo Group’s Risk Management Principles. These concerns mainly arise from external factors, such as through customers, suppliers, and investments. Therefore, Sampo is committed to encouraging partners and third parties to respect and comply with human rights. In Sampo Group’s own operations, the human rights issues identified to be most relevant are discrimination, equal opportunities, and customers’ rights to privacy.

Data breaches and misuse of customer information may result in human rights violations, particularly if sensitive personal information is disclosed. Sampo Group companies have stringent policies and processes to ensure that all collected data is protected through security measures and adequate employee training. See the sections Data Privacy and Information Security for more information.

Further information can be found in the Corporate Responsibility Report (page 26).

Updated 10 May 2019