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.
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.
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.
Sun Life's score of 45 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Sun Life reported total carbon emissions of approximately 15,057,000 kg CO2e from Scope 1, 12,553,000 kg CO2e from Scope 2, and 25,792,000 kg CO2e from Scope 3. This represents a significant reduction from previous years, with total emissions decreasing from about 56,497,000 kg CO2e in 2021 and 61,590,000 kg CO2e in 2020. Sun Life has set ambitious climate commitments, aiming for a 50% absolute reduction in greenhouse gas (GHG) emissions across all scopes by 2030, relative to 2019 levels. Additionally, the company is committed to achieving net zero emissions in its operations by 2050. These targets reflect a proactive approach to climate action, aligning with industry standards for sustainability and emissions reduction. Overall, Sun Life's ongoing efforts demonstrate a commitment to reducing its carbon footprint and addressing climate change effectively.
Access structured emissions data, company-specific emission factors, and source documents
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Scope 1 | - | - | - | - | 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 |
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 | 00,000,000 |
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 committed to any reduction initiatives 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.