To pursue our aspiration, we manage assets with material environmental, social and governance (ESG) factors embedded in our investment processes, offer our Clients sustainable investing opportunities and invest our own assets in ways that support a low-carbon and more inclusive economy.
Our work is aligned to Sustainable Development Goals #7 Affordable and Clean Energy and #13 Climate Action.
Our world is increasingly affected by ESG issues. Climate change. Social inequality. Ethical conduct. Sustainable investing can help us deliver on our Purpose, while making a positive impact on society. Learn about how we’re directing capital to support the transition to a low-carbon economy
In progress - $17.6 billion invested since 2021, with $3.3 billion invested in 20231
We set a net-zero goal across our global operations as well – refer to Climate change.
In progress – several interim targets established or under development for our asset management businesses and for Sun Life’s general account.
The general account interim targets for 2030 (relative to 2019 base year) include:
Refer to our Net Zero by 2050 report for the latest updates.
1 General account and certain third-party Clients, where relevant. Client asset values included represent a non-IFRS financial measure. More information on AUM methodology, including asset managers and criteria included in the calculation, is available upon request. 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 Guidelines, 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.
2 Financed emission values are calculated in alignment with the Partnership for Carbon Accounting Financials (PCAF), Part A Financed Emissions 2nd Edition (2022). Note this figure is not externally assured and may be adjusted in future publications due to changes in the organizational portfolio in addition to improvements in availability, controls, and quality of data. Values are impacted by rounding. The unit tCO2e refers to metric tonnes of carbon dioxide equivalent.
3 Material sectors include utilities (electric, multi, and gas); oil, gas, and consumable fuels; aviation; chemicals; construction materials, and mining. Alignment metric is the Paris Aligned Investment Initiative’s Net Zero Investment Framework.
4 Interim target and baseline emissions for commercial real estate associated with those of the Sun Life BGO Real Estate Equity Fund. Interim target developed using the SBTi methodology and has been submitted and accepted by the Net Zero Asset Managers initiative. Note this figure is not externally assured and may be adjusted in future publications due to changes in the organizational portfolio in addition to improvements in availability, controls, and quality of data. Values are impacted by rounding.
Refer to Sustainability Data Scope.
