Sun Life Financial Inc. announced yesterday that it has been named among the Global 100 Most Sustainable Corporations in the World.
The Global 100 ranking was unveiled yesterday by Toronto-based media and investment advisory company Corporate Knights at the World Economic Forum in Davos, Switzerland.
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This is the eighth consecutive year that Sun Life has been awarded the distinction. It is one of only six Canadian companies across all sectors included in the ranking. Sun Life is also the only North American insurance company to have made the list.
“At Sun Life, we understand that sustainability is key to meeting our long-term commitments to clients, employees, advisors and shareholders,” Sun Life Financial executive vice-president, chief legal officer and public affairs Melissa Kennedy said in a statement. “Being named as one of the most sustainable companies in the world aligns with our commitment to continue to strengthen our sustainability practices and advance our strategy.”
A release detailed that Sun Life’s sustainability strategy is focused on four main areas:
Community Wellness – Since announcing its support of diabetes in 2012, Sun Life has committed more than $17 million to diabetes awareness, prevention, care and research initiatives across the globe.
Organizational Resilience – In 2017, Sun Life was recognized as one of Canada’s Top Employers for Young People by the editors of Canada’s Top 100 Employers, and in 2015 received Excellence Canada’s platinum award recognizing Sun Life as one of the nation’s best-run corporations in areas such as leadership, strategy, client experience and engagement.
Environmental Responsibility – Sun Life has continued to ensure strong environmental stewardship across its properties worldwide, including its new global headquarters at One York in Toronto, Canada, and through investments across asset classes, including private fixed income investments in green and renewable energy projects.
Governance and Risk Management – Sun Life was the first major Canadian life insurer to become a signatory to the United Nations supported Principles for Responsible Investment in 2014.
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