Report describes company's sustainability
actions and impacts which help Clients achieve lifetime financial
security and live healthier lives.
TORONTO, March 26, 2024 /CNW/ - Sun Life Financial
Inc. (TSX: SLF) (NYSE: SLF) today released its 2023 Sustainability
Report and 2023 Public Accountability Statement detailing the
impact it has had on society and the environment through its
sustainability actions.
Sun Life's sustainability progress is attributed, in part, to
how the company thinks about sustainability.
"Since launching our Purpose-led sustainability plan five years
ago, we've more closely connected the concept of sustainability to
our core business. It's become a part of who we are and who we want
to be," said Alanna Boyd, Senior
Vice-President and Chief Sustainability Officer, Sun Life. "The
impact of this is far reaching. From our talent and culture to our
business strategies, operations, investments, and philanthropy,
we're driving sustainable change for Clients and society by
fostering more innovation, building upon our robust disclosures and
data, and improving measurable outcomes."
Sun Life's sustainability strategy ensures that every business
group has responsibility and accountability for sustainably
delivering on its Purpose of helping Clients achieve lifetime
financial security and live healthier lives.
What we do, and how we do it, matters.
https://youtu.be/LUNBrZrIiDg
2023 sustainability highlights
- 2.4 million lives covered through affordable insurance policies
issued in Asia1
- $52.4 million committed to the
fight against diabetes globally since 2012, including $5.7 million in 2023
- $77 billion portfolio value of
investments in assets and businesses that support the transition to
a low-carbon and more inclusive economy2
- Completed Phase 2 of the Progressive Aboriginal Relations
certification in Canada
Boyd added, "We have taken significant steps along our
sustainability journey, and there is still more work for us to do.
We'll continue to create opportunities that enable us to address
the needs of Clients and underserved groups in our communities
while also building our collective resilience to climate
change."
For more information about Sun Life's sustainability efforts,
visit sunlife.com/sustainability.
All data as of December 31, 2023,
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, 2023, Sun Life had total assets under management of
$1.40 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.
Footnotes:
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1
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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
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Sustainable investment
assets under management meet one or more of the criteria for
investments based on ICMA Green Bond Principles, ICMA
Sustainability Bond Principles, GRESB Real Estate Benchmark, and/or
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 judgement to assess
whether the use of proceeds meets the standards set out in the ICMA
principles. Assets included may not align with criteria in the Sun
Life Sustainability Bond Framework. Does not include all holdings
in companies that may be defined as sustainable under other
taxonomies.
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Media Relations
Contact:
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Investor Relations
Contact:
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Kim Race
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David Garg
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Director, Corporate
Communications
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Senior Vice-President,
Capital
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T: 416-779-4574
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Management and Investor
Relations
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kim.race@sunlife.com
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T.
416-408-8649
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david.garg@sunlife.com
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SOURCE Sun Life Financial Inc.