Public Profile

Sun Life

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.

DitchCarbon Score

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.

71

Industry Average

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.

27

Industry Benchmark

Sun Life's score of 71 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.

99%

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Sun Life's reported carbon emissions

In 2024, Sun Life reported total carbon emissions of approximately 16,031,685,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 15,950,347,000 kg CO2e. Scope 1 emissions were approximately 45,601,000 kg CO2e, while Scope 2 emissions totalled around 40,589,000 kg CO2e (market-based). The company has set ambitious climate commitments, aiming for a 50% absolute reduction in greenhouse gas (GHG) emissions across its operations by 2030, relative to a 2019 baseline. Additionally, Sun Life has committed to achieving net-zero GHG emissions by 2050 for both its investments and operations. This commitment encompasses all scopes of emissions, reflecting a comprehensive approach to climate action. In previous years, Sun Life's emissions were significantly lower, with 2023 emissions reported at about 9,033,390,000 kg CO2e, and 2022 emissions at approximately 122,745,000 kg CO2e. The company is actively working towards reducing its operational Scope 1 and 2 emissions by 35% by 2035 from a 2019 base year. Sun Life's initiatives include the completion of an all-electric net-zero carbon speculative industrial building in Ontario, Canada, showcasing its commitment to sustainable development. These efforts align with industry standards and demonstrate a proactive stance in addressing climate change.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20142015201620172018201920202021202220232024
Scope 1
-
-
-
-
00,000,000
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
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
0,000,000,000
00,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Sun Life's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Sun Life is in CA, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

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 participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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