- Concerning climate trajectory
- Increasing sustainability reporting regulations
- Growing scrutiny over sustainability practices
- Intensifying affordability crisis
Sun Life Financial Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Sun Life Financial Inc. disclosed greenhouse gas emissions of 129.0M tCO2e/year (market-based). By scope: Scope 1: 15.1K tCO2e/year; Scope 2: 212.6K tCO2e/year (market-based); Scope 3: 108.9M tCO2e/year (market-based). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
129.0M tCO2e/year (market-based)
2023
Renewable Energy
32%
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 15.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 212.6K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 108.9M tCO2e/year (market-based) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 129.0M tCO2e/year (market-based) |
| 2022 | 27.1K tCO2e |
| 2021 | 56.5K tCO2e (net market-based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Maintained CarbonNeutral® company certification across our global operations
- 32% of global electricity consumption from renewable sources such as solar and wind
🎯 Climate & Sustainability Targets
🔜 Short-term
- 50% absolute reduction of GHG emissions in our operations by 2030 (2019 base year)
📅 Medium-term
- Achieve initial interim targets set for Sun Life's general account investments
- Achieve initial interim targets set for our asset management businesses
🔭 Long-term
- Achieve net-zero GHG emissions by 2050 for our operations and investments
🌱 ESG Focus Areas
Increasing financial securityFostering healthier livesAdvancing sustainable investingBuilding resilience to climate changeOperating as a trusted and responsible business