Sampo, a leading financial group, is committed and actively working towards reducing its carbon emissions. Sampo has identified scope 1, scope 2, and scope 3 emissions as key areas of focus for its emission reduction efforts. In 2022, the Sampo plc's scope 1 direct GHG emissions was reported at 7.3 tCO2e, scope 2 indirect GHG emissions at 25.8 tCO2e, and Scope 3 other indirect emissions at 153.7 tCO2e. The total greenhouse gas (GHG) emissions from Sampo Group's own operations (includes the parent company Sampo plc and its insurance subsidiaries If, Topdanmark, Hastings, and Mandatum) amounted to 20,840.1 tonnes, equivalent to 1.57 tonnes per employee.

The carbon footprint analysis conducted by Sampo covers approximately 55% of all the company's investments as of the end of 2022. The report includes the equity and fixed income portfolios, which had market values of EUR 1,181 million and EUR 10,803 million, respectively. The calculations encompassed 94.8% of Sampo Group's total direct equity investments and 76.7% of direct fixed income investments. Sampo is actively working towards implementing strategies to reduce its carbon footprint and has taken steps to reduce its emissions. The company has made investments in sustainability and has a dedicated board of directors overseeing environmental, social, and governance matters.

Sampo, in 2022, intensified its focus on climate and the environment. All non-life insurers within the Group, including Topdanmark and Hastings, joined the Science Based Targets initiative (SBTi) during the year, committing to mandatory science-based climate targets for operations and investments. The next step involves aiming to develop voluntary targets and finalize group-level engagement with the SBTi in 2023.

In conclusion, Sampo recognizes the importance of reducing its carbon emissions and the company inclusive of its subsidiaries, has conducted a comprehensive carbon footprint analysis and is actively working towards reducing the financed emissions. Sampo's efforts towards emission reduction align with the global push for sustainability and climate action.

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