Corporate Responsibility in 2012
As a listed company, Sampo plc has the responsibility of acting in the best interests of its shareholders, in compliance with legislation and in accordance with sound business practices. Sampo Group's companies follow the common values of ethicality, loyalty, transparency and enterprise in their business operations and contacts with all stakeholders. Insurance is a business where responsibility and trust are inherent in daily customer contacts.
As the leading insurance company in the Nordic region, If's social responsibility goes beyond its business operations. If applies its unique knowledge of risk management to help build a safe environment. Its principal objective is to constantly act in a manner that satisfies or exceeds the ethical, legal and commercial requirements placed upon the business.
If is committed to environmental concerns and all company activities are governed by a strict environmental policy. The essence of this policy is that the company will always endeavour to find the most environmentally viable solution for If, its clients, suppliers and partners. Examples of sustainable actions in 2012:
- If introduced a car insurance in Denmark for which the premium is based on the CO2 emission for the car
- If handles claims for more than 300,000 damaged cars and outsources repairs to homes and commercial properties for millions of Euro each year and its suppliers are required to maintain high environmental standards with regard to transport, materials, working methods and other aspects. For example, If is responsible for almost half the repairs of plastic parts on damaged cars in Sweden. As a result of If's efforts to promote the reuse of vehicle parts, more than 800 tons of material were recycled.
- The company initiated an ambitious, internal environmental program some years ago. In 2012, If conducted a major project aimed at reducing energy consumption in its larger office buildings.
- If’s office in Turku, Finland, became a WWF Finland Green Office.
- If's offices in Gothenburg, Sweden, won the Green Tenant Award, a new environmental award whose purpose is to recognize the environmental efforts of Sweden's office tenants.
Further details on If’s environmental activities can be read from The If Environmental Report 2011 published in March 2012 available at www.sampo.com/materials/annual-reports/2011.
Mandatum Life’s corporate responsibility is based on the cornerstones of its operations: increasing and securing the financial welfare of its customers and safeguarding against risks. In 2012, Mandatum Life paid out pensions to 61,000 customers, a total of approximately EUR 320 million, and other indemnities totaling nearly EUR 400 million to 37,000 insured.