Sun Life Financial Inc., commonly known as Sun Life, is a leading player in the direct life insurance carriers industry, headquartered in Canada. Established in 1865, the company has a rich history marked by significant milestones, including its expansion into various global markets. Sun Life operates primarily in Canada, the United States, and several Asian countries, providing a diverse range of financial services.
The company offers core products such as life insurance, health insurance, and investment solutions, distinguished by their customer-centric approach and innovative features. Sun Life's commitment to financial wellness and its strong market position are underscored by numerous accolades, reflecting its dedication to helping clients achieve their financial goals. With a focus on sustainability and community engagement, Sun Life continues to set itself apart in the competitive landscape of life insurance.
+14 vs industry average
Sun Life’s score of 67 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Direct Life Insurance Carriers is among the least carbon-intensive industries
Industry performance
The Direct Life Insurance Carriers industry has reduced its overall emissions by 27% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sun Life's reported carbon emissions
Sun Life's latest reported emissions for 2025 amount to approximately 17.6 billion kg CO2e. This figure comprises Scope 1 emissions of about 47.1 million kg CO2e, Scope 2 emissions of approximately 37.2 million kg CO2e, and Scope 3 emissions totalling about 17.6 billion kg CO2e.
For 2024, Sun Life's total emissions were approximately 16.0 billion kg CO2e. This included Scope 1 emissions of around 45.6 million kg CO2e, Scope 2 emissions of about 36.8 million kg CO2e, and Scope 3 emissions totalling approximately 16.0 billion kg CO2e.
In 2023, the company reported total emissions of approximately 9.0 billion kg CO2e, with Scope 1 at roughly 43.6 million kg CO2e, Scope 2 at approximately 31.6 million kg CO2e, and Scope 3 at around 9.0 billion kg CO2e.
Sun Life is committed to achieving a 50% absolute reduction of greenhouse gas (GHG) emissions in its operations by 2030, relative to a 2019 baseline. Furthermore, the company aims to achieve net-zero GHG emissions by 2050 across its investments and operations. An interim target for a 35% reduction in Scope 1 and 2 emissions by 2035 from a 2019 base year has also been established.
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Sun Life’s Climate Goals (2030 & 2050)
9 goals2030
50% reduction in all scopes
50% absolute reduction of GHG emissions in our operations by 2030, relative to 2019.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Sun Life
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