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Climate and Environment

The Sampo Group companies monitor their environmental performance as well as climate change related risks and opportunities and are committed to developing their processes and reporting in line with the TCFD recommendations.

In response to increased demand for climate-related financial information and a common standard for reporting, the Financial Stability Board created the Task Force on Climate-related Financial Disclosures (TCFD). Sampo Group follows the TCFD recommendations and strives to report transparently on the climate change mitigation and adaptation measures the Group companies are taking.

Climate and Environmental Policy

The Group’s guiding policy on climate, biodiversity, and environment is the Sampo Group Code of Conduct. The Code of Conduct is reviewed annually and approved by Sampo plc’s Board of Directors. In addition, each Group company has adopted supplementary policies and guidelines for their own purposes. The work is also driven by the Group’s involvement in various initiatives (e.g., Global Compact), reporting frameworks (e.g., TCFD, PRI), and internal and external stakeholder demand.

The Group companies aim to improve and monitor their environmental and climate performance as follows:

  • By integrating environmental and climate considerations into own operations and business activities
  • By reducing the consumption of resources (e.g., energy, water, etc.) and improving the efficient use of those resources
  • By reducing pollution, emissions, and waste generated from business operations, while incorporating the concepts of reduction, re-use, and recycling
  • By consulting and cooperating with stakeholders on environmental and climate-related issues
  • By promoting and undertaking initiatives to encourage greater environmental responsibility and a sustainable future
  • By working to raise awareness on biodiversity loss

Training and awareness-raising

All Group companies have programmes to promote environmentally friendly offices. The aim is to address environmental aspects through different measures and inspire employees to make environmentally sound choices both at work and in their personal life. The programmes consist of, for example, plans and targets for the office properties, but also e-courses as well as different campaigns highlighting climate and environment.

Governance
Strategy
Risk Management
Metrics and Targets

 

Updated 4 Feb 2022