Sun Life Financial Inc. is a Canadian financial services company that operates in the life insurance sector. The company was founded in 1865 and has since grown to become one of the largest life insurance companies in Canada. Sun Life Financial offers a wide range of financial products and services, including life insurance, health insurance, retirement planning, and investment management.

In recent years, Sun Life Financial has been actively working towards decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions by 30% by 2030 and to achieve net-zero emissions by 2050. To achieve these goals, Sun Life Financial has implemented a number of initiatives, including investing in renewable energy and adopting sustainable practices in its operations.

One of the key areas of focus for Sun Life Financial's decarbonisation efforts is corporate energy. The company has implemented a number of energy efficiency measures in its buildings and operations, such as upgrading lighting systems, installing energy-efficient HVAC systems, and implementing building automation systems. These measures have helped the company to reduce its energy consumption and greenhouse gas emissions.

In addition to energy efficiency measures, Sun Life Financial has also invested in renewable energy. The company has signed several corporate power purchase agreements (PPAs) to purchase renewable energy from wind and solar farms. These PPAs help to support the development of new renewable energy projects and reduce the company's reliance on fossil fuels.

One example of Sun Life Financial's corporate PPA is a 20-year agreement to purchase 100% of the output from a 10 MW solar project in Ontario. The project, which is being developed by BluEarth Renewables, will generate approximately 16,000 MWh of clean energy per year, which is equivalent to the annual electricity consumption of approximately 1,600 homes. By purchasing the renewable energy from this project, Sun Life Financial is able to reduce its greenhouse gas emissions and support the development of new renewable energy projects in Canada.

Sun Life Financial has also been recognized for its commitment to renewable energy and sustainability. In 2020, the company was named to the Dow Jones Sustainability North America Index for the fifth consecutive year. The index recognizes companies that demonstrate leadership in environmental, social, and governance (ESG) performance.

In addition to its efforts to reduce its carbon footprint, Sun Life Financial is also committed to promoting sustainability and ESG principles in its investments. The company has implemented a responsible investment policy that considers ESG factors in its investment decisions. Sun Life Financial has also signed the United Nations-supported Principles for Responsible Investment (PRI), which commits the company to integrating ESG factors into its investment decision-making processes.

Overall, Sun Life Financial is a leader in the Canadian life insurance sector and is committed to reducing its carbon footprint and promoting sustainability. The company's efforts to invest in renewable energy and adopt sustainable practices in its operations demonstrate its commitment to decarbonisation and reducing its impact on the environment. With its ambitious targets to reduce greenhouse gas emissions and achieve net-zero emissions by 2050, Sun Life Financial is setting an example for other companies in the financial services sector to follow.