As of 2025, Sun Life Financial has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 3 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Sun Life Financial's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total, Scope 3 - Upstream Leased Assets (Cat. 8), Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -50%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -50%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Investment | -40%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Investment | -50%a | 2030 |
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As of 2025, Sun Life Financial has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.a
As of 2025, Sun Life Financial has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Sun Life Financial's most ambitious value chain target is to reduce these emissions by 50% by 2030, compared to a baseline of 0.04 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) in 2019.a
As of 2025, Sun Life Financial is lagging behind on its value chain emissions reduction target, having achieved 40% of the planned reduction.a
As of 2025, Sun Life Financial has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Sun Life Financial's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 26,291 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 50% by 2030.a
As of 2025, Sun Life Financial is ahead of schedule on its total carbon footprint reduction target, having achieved 67.14% of the planned reduction.a