Political involvement and lobbying

At Sampo Group political involvement of any kind is prohibited if it is being done on the company’s behalf.

The Sampo Group Code of Conduct sets the overall guiding principles on political involvement and lobbying within Sampo Group. The Code of Conduct is reviewed annually and approved by the Board of Directors of Sampo plc.  

Sampo Group employees have the right to participate in political activities and may volunteer their own time and resources to support the candidates and political parties of their choice. However, these activities must in no way suggest that Sampo Group or any of the Group companies are supporting or financing the political candidate or party in question.

Sampo Group supports the transparency and integrity of lobbying practices. The aim is to openly declare the company’s business interests and to prevent any conflict of such practices with Sampo Group’s principles, public international conventions that the company supports (e.g. ILO, OECD, Paris Agreement) or Sampo Group’s commitments (e.g. UN Global Compact, UN PRI).  

The Sampo Group companies may engage either directly or indirectly with policymakers on relevant topics. All activities influencing policy must be aligned with Sampo Group’s principles and public commitments. Contributions on political involvement and lobbying are reported annually.

Sampo Group must not obtain or try to obtain information or any decision in a dishonest manner, or to misrepresent itself with the aim of misleading third parties and/or employees of public authorities. Furthermore, Sampo Group must ensure it does not induce any employees of public authorities to contravene the rules of behaviour that are applicable to them and ensure they respect their obligation of confidentiality.

The Sampo Group companies are members of industry associations such as Finance Finland, Insurance Sweden, Finance Norway, Insurance and Pension Denmark and the Confederation of Finnish Industries. The companies seek to influence policy and legislation, for example, the EU Sustainable Finance Action Plan, Solvency II, and national legislation, primarily through active participation in the work of industry association committees.

Contributions and other spending, EUR*
Sampo Group

  2022 2021
Lobbying, interest representation, or similar 335,465 391,381
Local, regional, or national political campaigns / organisations / candidates 0 0
Trade associations or tax-exempt groups (e.g. think tanks) 4,571,930 4,625,072
Other (e.g. spending related to ballot measures or referendums) 0 0
Sampo Group, total 4,907,395 5,016,453

* Data includes Mandatum, which was part of Sampo Group until and including 30 September 2023.

Political contributions*, EUR
Sampo Group

  2022 2021 2020
Sampo Group, total** 0 0 0

* Political involvement of any kind (e.g. participation in political activities and direct or indirect political contributions, such as financial donations, loans, charitable contributions, sponsorships, and support of organisations funding political campaigns/parties) being done on the company’s behalf.
** * Data includes Mandatum, which was part of Sampo Group until and including 30 September 2023.

Contribution to industry associations, EUR*
Sampo Group

  2022 2021 2020
Finance Finland 785,529 671,009 740,670
Insurance Sweden 423,301 417,451 619,744
Finance Norway 699,611 1,185,328 1,118,593
Insurance and Pension Denmark 1,801,019 2,351,285 2,303,957
Association of British Insurers 161,136 156,670 -
Total 3,870,595 4,781,743 4,782,964

* Data includes Mandatum, which was part of Sampo Group until and including 30 September 2023.