Sun Life Publishes 2022 Sustainability Report

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KnowESG_Sun Life
Image courtesy of https://www.sunlife.com/en/

Sun Life Financial Inc. has published its 2022 Sustainability Report and 2022 Public Accountability Statement.

The report outlines the company's commitment to making a positive and lasting impact on society and the environment. It highlights Sun Life's efforts to ensure sustainability in its operations and maximise its contributions to a better world.

Sun Life, as an organisation that prioritises sustainability, is actively working to integrate sustainability across all aspects of its operations, including its talent, culture, business strategies, operations, investments, and philanthropic activities. More detailed information on the specific outcomes and accomplishments can be found here.

Alanna Boyd, Sun Life's Senior Vice-President and Chief Sustainability Officer, expressed her excitement at the progress the organisation is making towards its sustainability goals.

She highlighted Sun Life's efforts to improve financial security through innovative products and education, promote healthier lives by enhancing access to services, and advance sustainable investing capabilities to support the transition towards a low-carbon, inclusive economy.

All of these actions are rooted in Sun Life's purpose of helping clients achieve lifetime financial security and live healthier lives. Boyd emphasised that Sun Life is committed to creating a more sustainable future for everyone, and the momentum they have built towards this goal is truly remarkable.

Sun Life has achieved notable results in its efforts towards sustainability, including increasing financial security by providing affordable insurance policies to 1.6 million people in Asia. Additionally, the acquisition of DentaQuest has allowed Sun Life to add approximately 3 million members and expand access to dental care for low-income individuals in the United States.

In terms of sustainable investing, the company has established an $80.4 billion portfolio of assets and businesses that support the transition to a low-carbon, more inclusive economy. Furthermore, it has reduced its greenhouse gas emissions by 36.9% across its global corporate real estate, data centres, and business travel since 2019, demonstrating its commitment to operating as a trusted and responsible business.

Sun Life has taken another step towards achieving its net-zero goal by releasing its interim climate targets for its general account. This action is part of the organisation's larger commitment to reaching net zero by 2050.

Those interested in learning more about Sun Life's sustainability efforts can find additional information by visiting their website at www.sunlife.com/sustainability. For more information on Sun Life's recent announcement regarding its interim climate targets, please follow this link.

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Source: Sun Life

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