Sun Life Financial has released its 2022 Sustainability Report and 2022 Public Accountability Statement, highlighting the company’s efforts to promote sustainable investing and maximize its positive impact on the environment and society over the long term.
The report includes details related to Sun Life's efforts to embed sustainability in all aspects of its culture, including its talents, business strategies, operations, investments, and philanthropy.
One of the key outcomes highlighted in the report involves significant advancements in sustainable investing, with the company holding a portfolio value of $80.4 billion in assets and businesses that support the transition to a low-carbon, more inclusive economy.
Another highlight is Sun Life's efforts to reduce its carbon emissions. The company has already achieved a 36.9% reduction in emissions across its global corporate real estate, data centres and business travel, based on a 2019 baseline.
The report also highlighted that Sun Life is working to increase financial security by issuing affordable insurance policies in Asia, with 1.6 million policies issued across the region.
Additionally, Sun Life discussed its work to foster healthier lives by increasing access to dental care for low-income people in the United States through the DentaQuest program, adding approximately three million members.
Alanna Boyd, senior vice president and chief sustainability officer at Sun Life, expressed her pride in what the company has accomplished so far but acknowledged that there is more work to be done as the company continues to seek out “new opportunities to create lasting impact for our clients, the societies in which we operate, and each other.”
“The momentum we're building to power our sustainability ambition is truly remarkable,” Boyd said. “From increasing financial security through innovative products and education, to fostering healthier lives by enhancing access to services, to advancing sustainable investing capabilities to drive the transition to a low-carbon, inclusive economy, we're working toward a more sustainable future for all. This is at the heart of our purpose of helping clients achieve lifetime financial security and live healthier lives.”
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