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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.
66
DitchCarbon score
+13 vs industry average
Sun Life’s score of 66 is higher than 61% 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
Very Low
Direct Life Insurance Carriers is among the least carbon-intensive industries
Industry performance
0.080
20182025
The Direct Life Insurance Carriers industry has reduced its overall emissions by 27% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Sun Life's reported carbon emissions
Sun Life, a Direct Life Insurance Carrier headquartered in CA, reported total emissions of approximately 17.64 billion kg CO2e in 2025. This includes about 47.06 million kg CO2e from Scope 1 emissions, 37.17 million kg CO2e from market-based Scope 2 emissions, and approximately 17.57 billion kg CO2e from Scope 3 emissions, with investments being the largest contributor at roughly 17.36 billion kg CO2e.
Looking back, Sun Life's total emissions were approximately 16.05 billion kg CO2e in 2024 and around 9.05 billion kg CO2e in 2023.
Sun Life is committed to achieving net-zero greenhouse gas emissions by 2050 for its investments and operations. The company has set an interim target to achieve a 50% absolute reduction of greenhouse gas emissions in its operations by 2030, relative to a 2019 baseline. This target covers Scope 1 and 2 emissions and includes emissions from offices and corporate travel. Sun Life also aims for carbon-neutrality for its global operations starting in 2021, achieved through reduction efforts and high-quality offset purchases.
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Sun Life’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Sun Life3 days ago
66
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