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 evolved into 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, retirement solutions, and investment management. Sun Life is recognised for its innovative approach to financial wellness, providing tailored solutions that meet the unique needs of its clients. With a strong market position, Sun Life has received numerous accolades for its commitment to customer service and sustainable practices, solidifying its reputation as a trusted partner in financial security.
+26 vs industry average
Sun Life’s score of 58 is higher than 72% 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
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sun Life's reported carbon emissions
Sun Life's carbon emissions in 2025 were approximately 17.6 billion kg CO2e for Scope 3, with Scope 1 at about 47.1 million kg CO2e and Scope 2 at approximately 37.2 million kg CO2e (market-based). The total calculated emissions for 2025 were approximately 17.68 billion kg CO2e. In 2024, Scope 3 emissions were approximately 16.0 billion kg CO2e, Scope 1 emissions were about 45.6 million kg CO2e, and Scope 2 emissions were approximately 36.8 million kg CO2e (market-based). Total emissions for 2024 were roughly 16.08 billion kg CO2e. For 2023, Scope 3 emissions were approximately 8.97 billion kg CO2e, Scope 1 emissions were about 43.6 million kg CO2e, and Scope 2 emissions were around 31.6 million kg CO2e (market-based). The total calculated emissions for 2023 were approximately 9.05 billion kg CO2e. Sun Life has set a near-term target for a 50% absolute reduction of greenhouse gas emissions in its global operations by 2030, relative to a 2019 baseline. Furthermore, the company is working towards achieving net-zero greenhouse gas emissions by 2050 for both its investments and operations.
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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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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Sun Life
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