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An insurer has$ 15 billion of investments in sustainability

by

Andrea Lubeck

27 March 2019 11:30

Photo : Freepik

The investment portfolio of the Sun Life Financial in sustainable infrastructure amounted to almost 15 billion dollars ($M), has revealed the insurer in its Report on the sustainability of 2018. In 2018, nearly$ 2 billion has been invested “in the development of infrastructure is resilient, secure and sustainable cities and communities,” says the insurer.

The report was presented yesterday, march 26, at the investor Day, where Sun Life has also unveiled its annual report.

Of its investment portfolio total of$ 5.2 billion is allocated to renewable energy, of 5.02 G$ to access to essential services and 1.65 G$ to sustainable transport. Since 2012, 25 million of dollars (M$) have been granted to initiatives related to diabetes.

“Sustainability is at the heart of our success and our business strategy on a global scale, said Melissa Kennedy, executive vice president, public affairs and first director of legal affairs, and chief sustainability. We believe that it is a key element that sets us apart, while we aim to be among the best insurance companies and asset management world. “

Facing the environmental challenges

Sun Life says it wants to ” contribute to addressing environmental and social challenges ; of climate change, the progression of diabetes “.

The report notes the progression of the insurer in the achievement of several objectives in the area of environmental responsibility. In particular, the insurer has reduced from 17.1 per cent its greenhouse gas emissions between 2014 and 2018, ahead of its targeted reduction to 20% in 2020 and 30 % in 2030.

Paper consumption has also fallen by 30% since 2014. This target has been achieved two years in advance.

“At Sun Life Financial, we invest for the future for our customers, our employees, our shareholders and our communities,” said Dean Connor, president and chief executive officer of Sun Life Financial. We value a culture of diversity and inclusion ; a culture that promotes creativity, innovation, team spirit and the creation of value. We have a heart to help our Customers and to do this we strive to build an organization that is competitive, to the avant-garde and sustainable in the long term. “

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