Sun Life Financial Inc., commonly known as Sun Life, is a leading international financial services company headquartered in Canada. Established in 1865, Sun Life has grown to become a prominent player in the insurance and asset management sectors, with significant operations across North America, Asia, and the UK. The company offers a diverse range of products and services, including life insurance, health insurance, and investment solutions, distinguished by their customer-centric approach and innovative offerings. Sun Life's commitment to financial wellness and sustainability has earned it a strong market position, recognised for its robust financial performance and dedication to community initiatives. With over 150 years of experience, Sun Life continues to adapt and thrive in an ever-evolving industry landscape.
How does Sun Life's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Sun Life's score of 35 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Sun Life reported total carbon emissions of approximately 56,000,000 kg CO2e. This figure includes 15,057,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 12,553,000 kg CO2e from Scope 2 emissions, which encompass purchased electricity and cooling. Additionally, Scope 3 emissions accounted for about 25,000,000 kg CO2e, with significant contributions from business travel and upstream leased assets. Over the years, Sun Life has demonstrated a commitment to reducing its carbon footprint. In 2022, the company achieved total emissions of approximately 54,000,000 kg CO2e, reflecting a downward trend from previous years, including 61,590,000 kg CO2e in 2020 and 56,497,000 kg CO2e in 2021. However, specific reduction targets or initiatives have not been disclosed, indicating a potential area for future focus. Sun Life's emissions data highlights its ongoing efforts to address climate change, although further clarity on specific reduction commitments would enhance its sustainability profile.
Access structured emissions data, company-specific emission factors, and source documents
Get Started2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Scope 1 | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 2 | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | 10,403,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sun Life is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.