We aspire to increase the lifetime financial security of our Clients, employees and communities. We’re increasing access to and use of insurance and wealth products, and empowering and educating people to improve financial security outcomes.
Our commitment to sustainability brings our Purpose to life. In this report, you can read about our sustainability performance in 2023.
Our sustainability ambition is to maximize our positive impact and ensure the resiliency of our organization, in support of our Purpose of helping Clients achieve lifetime financial security and live healthier lives. That’s why at Sun Life, being sustainability driven matters deeply and is a core part of our enterprise strategy.
We aim to create competitive advantage and differentiation for our business through the following focus areas of our Sustainability Plan:
These efforts build from our foundation of operating as a trusted and responsible business. We aspire to be a responsibly-managed business that is Client-focused, Purpose-driven, forward-thinking and sustainable for the long term.
Sun Life supports the United Nations Sustainable Development Goals (SDGs). Our work is aligned to the following SDGs where we believe we can have the greatest impact. These are:
Read about our sustainability performance and commitments in action.
Reports and data
ESG Performance Tables (Excel version)
Greenhouse Gas (GHG) Emissions Assurance Statement
GHG Emissions Reporting Methodology
Public Accountability Statement
We aspire to increase the lifetime financial security of our Clients, employees and communities. We’re increasing access to and use of insurance and wealth products, and empowering and educating people to improve financial security outcomes.
We aspire to improve health and wellness outcomes for Clients, employees and communities. We're improving access to and use of health insurance and health care, and empowering people to navigate and manage their health journey to improve health outcomes. Our investments in community health complement these efforts.
We aspire to deliver sustainable returns for Clients. We manage assets with material environmental, social and governance factors embedded in our investment processes, offer our Clients sustainable investing opportunities and invest our own assets to support a low-carbon and more inclusive economy.
We aspire to be a responsibly-managed business that is Client-focused, competitive, forward-thinking and sustainable for the long term. From expanding our diversity, equity and inclusion efforts, to ensuring our Clients and employees feel valued, we’re building on our long-standing sustainability practices and achievements.
2023 highlights:
Learn more about how Sun Life is increasing financial security
2023 highlights:
Client health
Employee wellness
Community wellness
Learn more about how Sun Life is fostering healthier lives
Footnotes:
1 Used under license by Simpill Health Group Inc.
2023 highlights:
Learn more about how Sun Life is advancing sustainable investing
Footnotes:
1 An amount equivalent to the net proceeds from the offering will be used to finance or refinance, in whole or in part, new and/or existing green or social assets that meet the eligibility criteria set out under Sun Life's Sustainability Bond Framework.
2 Values as at transaction date.
3 General account and certain third-party Clients, where relevant. More information on AUM methodology, including asset managers and criteria included in the calculation, is available upon request. Client asset values included represent a non-IFRS financial measure. Investments counted toward Sun Life's sustainable investment goal meet one or more of the criteria for investments based on ICMA Green Bond Principles, ICMA Social Bond Principles, ICMA Sustainability Bond Principles, GRESB Real Estate Benchmark, and/or PRI Impact Investing Market Map. Where issuers do not obtain a third-party opinion or provide an internal opinion on their issuance, our investment professionals apply judgment to assess whether the use of proceeds meets the standards set out in the ICMA Principles. Assets included may not align with criteria in the Sun Life Sustainability Bond Framework. Does not include all holdings in companies that may be defined as sustainable under other taxonomies.
4 Refer to Sun Life’s Sustainability Report and SLGI’s Simplified Prospectus for more information.
2023 highlights:
2023 highlights:
Diversity, equity and inclusion (DE&I)
Client experience
Talent management
Risk management
Governance and ethics
Learn more about how Sun Life is operating as a trusted and responsible business
Footnotes:
1 Refer to Sustainability Data Scope - Note 6.
2 Refer to Sustainability Data Scope - Note 3.
3 Individuals who have self-identified as members of the Black, Indigenous, People of Colour, disabled and/or LGBTQ2+ communities.