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Climate Risk Governance

Climate-related risks and opportunities are identified, assessed, and managed primarily in the insurance subsidiaries, where the actual business operations are being carried out. As If, Topdanmark, Hastings and Mandatum all operate in different geographical areas and in different lines of business, it is consequently the responsibility of the respective company boards and managements to manage climate-related risks and opportunities accordingly.

Sampo plc's Board of Directors has the ultimate oversight of sustainability-related matters on group-level, including environment and climate change. The Board has assigned its Audit Committee to monitor Sampo Group's sustainability reporting and activities. The Audit Committee reports to the Board of Directors quarterly. The Board of Directors approves, for example, the Code of Conduct, Risk Management Principles, and the Group Own Risk and Solvency Assessment (Group ORSA) as well as the Group’s sustainability and risk management reports.

Updated 3 Jan 2022