Sun Life Assurance Company of Canada Sustainability Profile
Sun Life Assurance Company of Canada, commonly known as Sun Life, is a leading financial services organisation headquartered in Toronto, Ontario, Canada. Established in 1865, Sun Life has evolved into a prominent player in the insurance and investment sectors, serving clients across Canada and in key international markets. The company offers a diverse range of products, including life insurance, health insurance, and wealth management solutions, distinguished by their customer-centric approach and innovative offerings. Sun Life's commitment to financial wellness and sustainability has positioned it as a trusted partner for individuals and businesses alike. With a strong market presence and a history of notable achievements, Sun Life continues to be recognised for its excellence in service and financial strength, making it a preferred choice for those seeking comprehensive financial protection and investment strategies.
DitchCarbon Score
How does Sun Life Assurance Company of Canada'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 Assurance Company of Canada's score of 49 is higher than 67% 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 Assurance Company of Canada currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Sun Life Financial Inc., which may influence its climate commitments and reporting practices. While there are no documented reduction targets or specific climate pledges from Sun Life Assurance Company of Canada, it is important to note that emissions data and climate initiatives may be inherited from its parent company, Sun Life Financial Inc. This relationship suggests that any climate commitments or emissions performance may align with the broader strategies of the parent organisation. As a current subsidiary, Sun Life Assurance Company of Canada may benefit from the sustainability initiatives and reporting frameworks established by Sun Life Financial Inc., which could include participation in industry-standard climate initiatives such as the Carbon Disclosure Project (CDP). However, specific details regarding these initiatives or any reduction targets have not been disclosed. In summary, while Sun Life Assurance Company of Canada does not provide specific emissions data or reduction targets, its affiliation with Sun Life Financial Inc. may play a role in shaping its climate commitments and sustainability efforts.
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Access structured emissions data, company-specific emission factors, and source documents
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000 | 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 | 00,000,000 | 00,000,000 |
| Scope 3 | 10,403,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Sun Life Assurance Company of Canada's Industry?
How Carbon Intensive is Sun Life Assurance Company of Canada's Location?
Sun Life Assurance Company of Canada's Scope 3 Categories Breakdown
Sun Life Assurance Company of Canada's Scope 3 emissions, which increased by 78% last year and increased significantly since 2014, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Sun Life Assurance Company of Canada's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sun Life Assurance Company of Canada has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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