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The UN Sustainable Development Goals

Sampo plc has assessed the United Nations' (UN) Sustainable Development Goals (SDGs) and the underlying targets to identify the SDGs to which the Sampo Group companies can contribute the most. During the project, all 17 SDGs and 169 underlying targets were evaluated in relation to the Group companies’ businesses and the Group’s sustainability themes.

According to the assessment, Sampo Group has a strong impact on SDGs 3, 5, 8, 12, and 13. Therefore, Sampo Group has chosen to focus on these goals. The Group companies aim to contribute to the SDGs positively through, among other things, their products and services, by improving their own operations, by being active in their respective communities, and by engaging with their value chains.

The Sampo Group companies can also negatively affect the SDGs, for example, through the environmental impacts of their own operations and by enabling negative impacts through investee companies or insurance operations. To manage the possible negative impacts, investments are screened against sensitive sectors and international norms and standards. The Sampo Group companies also seek to be active owners and to influence the companies they invest in. In terms of insurance operations, the Group companies, for example, work together with suppliers and other business partners to ensure sustainable supply chains, and use norms-based screening to ensure sustainable business practices among corporate clients.

In addition to the group-level SDGs, Sampo plc’s subsidiaries have identified the SDGs that are most relevant for them. More information on If, Topdanmark, Hastings, and Mandatum’s work towards the SDGs is available in the companies’ own reporting.

SDG

The most relevant underlying SDG targets

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3.4 Promote mental health and well-being

3.6 Halve the number of global deaths and injuries from road traffic accidents

3.8 Achieve universal health coverage, including financial risk protection, access to quality essential health-care services and access to safe, effective, quality, and affordable essential medicines and vaccines for all

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5.1 End all forms of discrimination against all women and girls everywhere

5.5 Ensure women’s equal opportunities in leadership at all levels of decision-making

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8.5 Achieve full and productive employment and decent work for all, including for young people and persons with disabilities, and equal pay for work of equal value

8.6 Substantially reduce the proportion of youth not in employment, education, or training

8.8 Provide a decent and attractive work environment that supports labor rights

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12.5 Reduce waste generation through prevention, reduction, recycling, and reuse

12.6 Encourage companies to adopt sustainable practices and to integrate sustainability information into their reporting cycle

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13.1 Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries

13.2 Integrate climate change measures into policies, strategies, and planning

13.3 Improve education, awareness-raising, and human and institutional capacity for climate change mitigation, adaptation, impact reduction, and early warning

 

The impact of Sampo Group’s investments on the UN Sustainable Development Goals

Sampo Group has measured the impact of its investments on the UN Sustainable Development Goals (UN SDG) using Upright’s methodology. Uprightʼs data is based on the alignment of a companyʼs products and services with the 17 UN SDGs. In assessing the SDG contribution for a single company, each of the companyʼs products and services are evaluated against the 169 targets (subgoals) under the 17 SDGs, focusing on those applicable to companies.

The methodology captures both positive and negative impacts for each SDG. Sampo Group’s analysis includes four levels of alignment: strong alignment, alignment, misalignment, and strong misalignment. Strongly aligned products have a clear direct impact on the SDG, whereas aligned products have a lesser direct or indirect impact on the SDG.

According to the analysis, the investments support especially SDGs 9 (industry, innovation, and infrastructure), 8 (decent work and economic growth), and 11 (sustainable cities and communities).

Portfolio impact is also analysed annually using the climate impact assessment. The latest analysis is available in the Sampo Group Sustainability Report.

Portfolio impact on the UN Sustainable Development Goals,
Sampo Group, 31 December 2021


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More information in Sampo Group’s Sustainability Report.

Updated 10 Jun 2022