Sun Life Financial Inc
Sun Life Financial's Climate Target Data Preview
As of 2024, 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) | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Investment | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Investment | 0000000 | 2030 |
Verified Sources Behind Sun Life Financial’s Climate Targets Data
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Insights into Sun Life Financial's Greenhouse Gas Emissions Pathways
As of 2024, 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
Does Sun Life Financial have a target to reduce the emissions from its value chain?
As of 2024, 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 0.034 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) in 2019.a
Sun Life Financial's Value Chain (Scope 3) Emissions Pathway
Does Sun Life Financial have a target to reduce its total carbon footprint?
As of 2024, 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 25,622 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 50% by 2030.a
As of 2024, Sun Life Financial is ahead of schedule on its total carbon footprint reduction target, having achieved 58.74% of the planned reduction.a