Sun Life Financial, Inc.
Industry Group: Insurance
Country/Region: Canada
Identifier: TSE:SLF
Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company’s investment management business contributes approximately 30% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the fourth quarter of 2023. The Canada business contributes about 35% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributed approximately 22% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 13% of earnings.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Insurance 12 out of 299
Universe
Global Universe 1265 out of 15080
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Fubon Financial Holding Co., Ltd. |
8.8
Negligible
|
3 out of 299 |
| Cathay Financial Holdings Co., Ltd. |
12.1
Low
|
7 out of 299 |
| Sun Life Financial, Inc. |
13.7
Low
|
12 out of 299 |
| Prudential Financial, Inc. |
18.6
Low
|
65 out of 299 |
| Great-West Lifeco, Inc. |
23.2
Medium
|
135 out of 299 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
How do the ESG Risk Ratings work?
Top Material ESG Issues for Sun Life Financial, Inc.
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted Sun Life Financial, Inc.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
