Sun Life

Sun Life, a Direct Life Insurance Carrier headquartered in Canada, reported its latest available emissions data for 2025. In that year, the company's total Scope 1 emissions were about 47,057,000 kg CO2e, with Scope 2 market-based emissions at approximately 37,166,000 kg CO2e. Scope 3 emissions were substantially higher, totalling around 17,559,936,000 kg CO2e. Key contributors to Scope 3 included investments at approximately 17,358,795,000 kg CO2e, business travel at about 18,624,000 kg CO2e, and employee commute at roughly 30,428,000 kg CO2e.

Looking back, Sun Life's Scope 1 emissions have fluctuated, from approximately 13,850,000 kg CO2e in 2020 to 47,057,000 kg CO2e in 2025. Scope 2 market-based emissions also varied, from about 15,361,000 kg CO2e in 2020 to 37,166,000 kg CO2e in 2025. Scope 3 emissions have seen significant increases, notably from around 25,110,000 kg CO2e in 2020 to about 17,559,936,000 kg CO2e in 2025, largely driven by investments.

Sun Life has committed to achieving net-zero greenhouse gas (GHG) emissions across its investments and operations by 2050. As an interim target, the company aims for a 50% absolute reduction of GHG emissions in its global operations by 2030, relative to a 2019 baseline. This target covers Scope 1 and Scope 2 emissions. Additionally, Sun Life has a long-term intensity target to reduce its GHG emissions intensity by 30% by 2030, relative to a 2014 baseline. Sun Life also reported the completion of the first-ever all-electric net zero carbon speculative industrial building development in Ontario, Canada, through one of its affiliates in 2024.