Sun Life doubles its ESG commitments

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Sun Life has helped create meaningful results in people’s lives through its sustained investment efforts. Of the 46 new sustainable investments made last year, 12 focused on access to essential services and 13 on energy efficiency.

The company has also received numerous awards for incorporating ESG considerations into its investment decision-making process, including an “A” rating for all modules assessed in the Principles for Responsible Investment (PRI) annual global Responsible Investment Assessment for the past year and rated second in Canada in the Diversified, Non-Listed Core category in the annual GRESB Real Estate Benchmark for its general account.

The company also announced that starting this year, global operations will be carbon neutral for both itself and its world-leading asset management firm MFS. Both SLC Management and MFS have signed the Climate Action 100+ initiative, which aims to ensure that the world’s largest corporate greenhouse gas emitters take the necessary steps to avert catastrophic climate change. The company has also committed to introducing an internal carbon fee for business travel if the COVID-19 travel restrictions currently applicable to employees are lifted.

Recognizing the significant contribution of commercial real estate to air pollution – buildings account for around a third of greenhouse gas emissions and consumers account for around 40% of energy worldwide – Sun Life said it is pushing to reduce the intensity of its greenhouse gas emissions by 30% by 2030. By 2019, the company announced that it had achieved its 2020 goal of reducing greenhouse gas emissions intensity by 20%.

“Sun Life continues to actively support the transition to a lower-carbon, more inclusive economy. As a company, we are continually looking for new ways to drive this result,” said Kennedy.

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