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.
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.
Industry Benchmark
Sun Life's score of 68 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 Scope 1 emissions at about 45,601,000 kg CO2e, Scope 2 emissions (market-based) at approximately 40,589,000 kg CO2e, and significant Scope 3 emissions of about 15,950,347,000 kg CO2e. This represents a substantial increase from 2023, where total emissions were about 9,033,390,000 kg CO2e, with Scope 1 at approximately 44,883,000 kg CO2e, Scope 2 (market-based) at around 34,558,000 kg CO2e, and Scope 3 emissions at about 8,953,949,000 kg CO2e. Sun Life 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, the company has committed to achieving net-zero GHG emissions by 2050 for both its investments and operations. This long-term goal encompasses all scopes of emissions, reflecting a comprehensive approach to sustainability. In terms of operational emissions, Sun Life has specifically targeted a 35% reduction in Scope 1 and 2 emissions by 2035 from a 2019 base year. Notably, the company has also completed the first all-electric net-zero carbon speculative industrial building development in Ontario, Canada, showcasing its commitment to innovative solutions in reducing carbon footprints. Overall, Sun Life's climate strategy demonstrates a proactive stance in addressing climate change, aligning with industry standards and global sustainability goals.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
Location emissions intensity
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.
