Anti-corruption and bribery

Sampo Group can be exposed to corruption and bribery especially through its investments, customers, and supply chains. Sampo Group can face reputational risks, legal risks, business risks, and potential costs if it fails to combat corruption in all its forms. The risks are mitigated, for example, by screening investments and customers against international norms and standards and by encouraging sustainability in supply chains.

Sampo Group is a signatory of the UN Global Compact, which supports work against corruption. The Sampo Group Code of Conduct sets the overall guiding principles on working against corruption and bribery within Sampo Group. In addition, each Group company has adopted supplementary policies and guidelines for its own purposes. These annually updated guidance documents contain, for example, rules on gifts, participation in events, and hospitality, as well as information on expectations regarding employees, and roles and responsibilities. Employees are informed, for example, on the intranet, when policies have been revised, and the Group companies offer mandatory and voluntary training for their employees regarding the topics.

The managing director of each company in Sampo Group has the ultimate responsibility to ensure that sufficient resources are allocated to the prevention of corruption and bribery. Each Group company organises duties and takes other necessary and appropriate measures to comply with the applicable local rules and various sanctions regimes, which may be imposed by the UN and/or the European Union (EU). Any suspicions of corruption or bribery can be reported through Sampo Group’s whistleblowing systems or other internal channels. Reporting on anti-corruption and bribery activities, as well as on potential incidents, is organised in a manner that ensures that the management and the boards of directors of relevant Group companies receive all material information without undue delay, and that Sampo plc’s Risk Management organisation is informed of all relevant incidents. Sampo plc’s Risk Management organisation is responsible for reporting relevant incidents to Sampo plc’s Audit Committee and Board of Directors.