Sustainability programme

Sampo Group’s sustainability programme consists of three strategic sustainability themes: Climate and environment, People and communities, and Business management and practices, which are in turn divided into more specific topics relevant for the Group’s sustainability work. The sustainability programme addresses the regulatory demands, while also including areas that are critical, especially for a company operating in the P&C insurance sector and important to the Group’s various stakeholders. The group level programme is put into practice by various business areas, operational departments, and units, and the work is monitored continuously.

The sustainability programme reflects Sampo Group’s double materiality assessment (DMA), which has been conducted and is reviewed annually as required by the Corporate Sustainability Reporting Directive (CSRD). Based on the DMA, the most material sustainability topics for Sampo Group according to the classification of the European Sustainability Reporting Standards (ESRS) are climate change, resource use and circular economy, own workforce, workers in the value chain, consumers and end-users, and business conduct. Sampo Group reports on the material topics as required by the legislation. In addition to the CSRD, other regulatory requirements regarding current and future sustainability reporting, feedback from investors and personnel, industry best practices, relevant voluntary sustainability reporting frameworks (e.g. the GRI Standards, the SASB Standards), and the views of various ESG rating agencies have been taken into account in preparing the sustainability programme. Representatives from different parts of the Group have been involved in drafting the programme.

The sustainability programme is intended as a common tool and guideline for Sampo Group’s sustainability work. The programme evolves, as projects are completed and targets reached, or new priorities emerge. Every three years the programme undergoes a bigger update.