For the tenth consecutive year, Sun Life Financial Inc. has been named one of the Global 100 Most Sustainable Corporations in the World (the “Global 100”) in a ranking released by Corporate Knights, a Toronto based media and investment research firm. Sun Life is the only Canadian insurance company to appear in the 2019 ranking, and is ranked ahead of the 249 insurance companies evaluated.
“This recognition is a testament to our commitment to embed sustainability into our culture and across our global business,” said Melissa Kennedy, Executive Vice-President, Chief Legal Officer and Public Affairs, and Executive Sponsor of Sustainability at Sun Life. “All of the sustainability advancements we’re making are focused on building up our resilience as an organization, so that we can continue to deliver on our commitments to Clients, employees, shareholders and investors, for decades to come.”
Sun Life’s sustainability strategy is focused on achieving improvements in four key areas: organizational resilience, environmental responsibility, community wellness and governance and risk management.
In 2018, Sun Life Investment Management launched its ESG+ framework to help ensure investing strategies and sustainability actions remain current, coordinated and aligned for maximum effectiveness. Sun Life also continued to progress on its Diversity and Inclusion (D&I) journey and was once again included in Bloomberg’s Gender-Equality Index (GEI). The GEI recognizes organizations that make strong commitments to gender-equality, measuring their contributions across employee policies, external community support and engagement, and gender-conscious product offerings.
Release of the 2019 Global 100 ranking comes on the heels of an award-winning year for Sun Life in areas central to its sustainability strategy. Some 2018 achievements include:
- Sun Life’s global headquarters at One York in Toronto received the 2018 REmmy Award for sustainable design and social responsibility in workplace management and corporate real estate.
- The Sun Life building in Montreal earned BOMA BEST Platinum certification, the highest distinction awarded to buildings for outstanding environmental performance and management. The 100-year-old structure is the first centennial building in North America to achieve this certification.
- 2018 Sun Life Stanley International Dragon Boat Championships in Hong Kong – As title sponsor, Sun Life Asia worked with local charities to set up free water refill stations and recycling bins at the Hong Kong event, collecting more than 13,400 plastic bottles and aluminum for recycling.
- Sun Life U.S. awarded over $250,000 to organizations across the country to help support diabetes education and prevention initiatives through the Team Up Against Diabetes grant program.
The 2019 Global 100 ranking was determined after evaluating 7,536 companies on up to 21 quantitative key performance indicators, including financial and employee management, clean revenue and supplier performance. The final list of 100 companies represent the top 1.3% in the world based on sustainability performance.
Source: Sun Life Financial
Read the full press release here.