Report captures outcomes related to increasing
financial security, fostering healthier lives, advancing
sustainable investing, and operating as a trusted and responsible
business.
TORONTO, March 28,
2023 /PRNewswire/ - Sun Life Financial Inc.
(TSX: SLF) (NYSE: SLF) today released its 2022 Sustainability
Report and 2022 Public Accountability Statement. The Report
captures the company's efforts to maximize its positive impact on
society and the environment over the long term. As an organization
empowered to be sustainability driven, Sun Life is taking action to
embed sustainability into everything it does, from its talent and
culture to its business strategies, operations, investments, and
philanthropy. Specific highlights on key outcomes can be found
here.
"The momentum we're building to power our sustainability
ambition is truly remarkable," said Alanna
Boyd, Senior Vice-President and Chief Sustainability
Officer, Sun Life. "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."
- Increasing Financial Security: 1.6 million lives covered
through affordable insurance policies issued in Asia.1
- Fostering Healthier Lives: DentaQuest added ~3 million
members, increasing access to dental care for low-income people in
the U.S.2
- Advancing Sustainable Investing: $80.4 billion portfolio value in assets and
businesses that support the transition to a low-carbon, more
inclusive economy.3
- Operating as a Trusted and Responsible Business: 36.9%
reduction in greenhouse gas emissions across our global corporate
real estate, data centres and business travel (2019
baseline).4
Boyd added, "I'm proud of what we've accomplished to date, but
know there is more work ahead as we challenge and empower ourselves
to find new opportunities to create lasting impact for our Clients,
the societies in which we operate, and each other."
Establishing Sun Life's Net-Zero Targets
As part of its goal of achieving net zero by 2050, Sun Life
today released its interim climate targets for its general account.
For more information, click here.
For more information about Sun Life's sustainability efforts,
visit www.sunlife.com/sustainability.
All data as of December 31, 2022,
unless otherwise noted.
About Sun Life
Sun Life is a leading international financial services
organization providing asset management, wealth, insurance and
health solutions to individual and institutional Clients. Sun Life
has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December
31, 2022, Sun Life had total assets under management of
$1.33 trillion. For more information,
please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Note to editors: All figures in Canadian dollars.
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Footnotes:
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1.
Affordable insurance products help people in the mass market
(including lower-income segments) meet risk protection needs at an
accessible price point. The criteria for a product to be considered
affordable insurance varies by country and is based on factors such
as: insurance premium amount relative to average income, coverage
period, underwriting requirements and/or government
regulation.
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2.
DentaQuest is the largest Medicaid dental benefits provider based
on membership as of September 2022. Medicaid provides health
coverage to low-income people and is one of the largest payers for
health care in the U.S.
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3.
Criteria for investments based on ICMA Green Bond Principles, ICMA
Social Bond Principles, ICMA Sustainability Bond Principles, GRESB
Real Estate Benchmark, and 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. Does not include all holdings in
companies that may be defined as sustainable under other
taxonomies.
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4.
Emissions resulting from global corporate offices and data centres
as well as from business travel, inclusive of majority-owned Sun
Life affiliate companies. DentaQuest corporate offices are excluded
for the 2022 reporting cycle. All emissions reporting is aligned to
the GHG Protocol Corporate Accounting and Reporting Standard using
the financial control approach.
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Media Relations Contact
Kim Race
Director, Corporate Communications
T: 416-779-4574
kim.race@sunlife.com
Investor Relations Contact
Yaniv Bitton
Vice-President, Head of Investor Relations & Capital
Markets
T: 416-979-6496
yaniv.bitton@sunlife.com
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SOURCE Sun Life Financial Inc.