Sun Life Financial has released its 2016 Sustainability Report and Public Accountability Statement, revealing that the company has achieved several of the sustainability goals it had set for itself the previous year.
“Sun Life’s approach to sustainability is a real differentiator for us,” said Sun Life executive vice-president, chief legal officer & public affairs Melissa Kennedy. “We continue to embed this sustainability perspective into our culture and across our operations knowing that it will serve us, our clients, and our communities for the long term.”
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According to a company summary, Sun Life advanced its sustainability in the following key areas:
- Organizational Resilience – Sun Life introduced changes to underwriting requirements for easier and more convenient access to insurance – making some of the most comprehensive changes in the industry in over a decade
- Environmental Responsibility – The company offered $487 million in financing for renewable energy projects; Sun Life also owns and leases more than two million square feet of green-certified space in Canada
- Community Wellness – Sun Life has committed more than $17 million toward the research and treatment of diabetes since it announced the disease as a key business and community-giving priority in 2012
- Governance and Risk Management – The company placed highly on The Globe and Mail’s Report on Business’ Board Games review of corporate governance practices for the eighth consecutive year.
“Our relentless focus on clients is tightly linked to our sustainability commitment,” commented company president and CEO Dean Connor. “Whether it’s doing more to help prevent and treat diabetes, providing access to alternative investments, including P3 projects, or leading the way in digital innovation to make it easier for our clients to get the services they need, advancing our sustainability strategy will further our company’s purpose to help clients achieve lifetime financial security and well-being.”
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