Sun Life Financial Inc

Strong governance and clear lines of accountability will help us deliver on our net-zero commitments and remain accountable to our stakeholders. The Board of Directors has ultimate oversight of the enterprise approach to climate change. The Governance, Investment & Sustainability Committee of the Board monitors progress of Sun Life's net-zero goals, while the Risk Committee of the Board provides enterprise-wide oversight of climate-related risks. [...] Our Chief Sustainability Officer (CSO) has overall accountability for sustainability, including climate change, across the enterprise. This accountability includes ensuring the company meets its climate commitments and advocating for strong government policies and regulations that support a lower-carbon, more inclusive economy. These efforts are supported by the sustainability team and other functions across the enterprise. [...] The Vice-President (VP), Climate Change and Environmental Impact oversees the development and implementation of the enterprise-wide climate change strategy, climate risk and decarbonization performance and reporting functions. [...] Our Executive Sustainability and Climate Change Council (ESC) is composed of senior executives from Sun Life's Global Leadership Team. The ESC is the decision-making body for the approval of cross-enterprise sustainability programs and issues management, as well as external commitments and goals including related progress oversight (e.g., net-zero, sustainable investing). [...] Our Global Sustainability Leadership Team (GSLT) is composed of senior executives from each of our business groups and key functions who have sustainability mandates. The GSLT advises and drives execution towards our sustainability objectives.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The Government and Regulatory Affairs team works closely with the Sustainability team and Chief Sustainability Officer and there is a resource in Government and Regulatory Affairs designated to work with the Sustainability team on climate-related issues across Sun Life.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]The Government and Regulatory Affairs team works closely with the Sustainability team, other Sun Life corporate functions, and business groups across the enterprise to coordinate external engagement activities pertaining to our climate commitments. In addition, there is a resource in Government and Regulatory Affairs designated to engage with internal stakeholders across Sun Life on climate-related issues.