Sampo Group, who own Hastings Direct, has published its Sustainability Report for 2021 on Sampo’s Annual Reporting site at www.sampo.com/year2021. The report gives an overview of a wide array of topics regarding how Sampo Group companies ensure sustainable business operations, integrate sustainability into investment management and insurance operations, support their employees, and engage in communities.
– One of the most important sustainability-related developments in 2021 within Sampo Group was If P&C’s decision to join the Science Based Targets initiative (SBTi) and set ambitious climate targets aligned with the Paris Climate Agreement. In addition, Sampo’s UK P&C insurance business, Hastings, decided to work towards being a net-zero company by 2050, says Torbjörn Magnusson, Group CEO and President.
– Sampo Group received rating upgrades from several leading ESG rating agencies during the year, representing strong proof that our work in building an increasingly sustainable business is progressing well. It also shows that we have placed emphasis on developing what is most material for us as a P&C insurance group, and for our stakeholders, Magnusson continues.
Sampo Group is committed to further strengthening its sustainability efforts in close cooperation with its stakeholders. Sampo works continuously on integrating sustainability principles, such as those of the UN Global Compact, into the Group’s policies and business practices and wants to encourage its investee companies and other business partners to do the same.