Sun Life Financial

MFS Investment, MFS Institutional Advisors
Canada
Insurance

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Sun Life Financial, vets vendors according to LGBTQ policies and and does not protect its employees against viewpoint discrimination. However, the company has not publicly terminated business relationships based on views or beliefs. Sun Life supports the Equality Act, opposed the Florida Parental Rights in Education Law, and is a corporate partner of the National LGBT Chamber of Commerce. Sun Life has funded the Human Rights Campaign and organizations that engage in legislative advocacy regarding the provision of pubertal blockers and hormone treatments to youth under the age of 18. The company covers the cost of "medically necessary transition-related care” for its employees and their children and funds employees abortion travel expenses. However, Sun Life has not used its PAC contributions for ideological purposes. For these reasons, Sun Life receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Sun Life Financial received a score of 100 on the Human Rights Campaign’s Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Sun Life will not match employee donations to churches or religious organizations “Religious organizations whose programs are limited to members of a specific religious denomination.” (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Sun Life does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Sun Life supports the Equality Act and opposed the Florida Parental Rights in Education Law, which prohibits teaching gender ideology and sexual orientation to children in K-3rd grade (1)(2). Sun Life is a member of the America Competes coalition, which opposes state- and federal-level LGBTQ-related legislation (3)(4). The company is a signatory of the BlackNorth Initiative, which calls for signatories to host unconscious bias trainings in accordance with the goals of the BLM movement (5)(6). Sun Life subsidiary MFS Investment is a member of the Climate Action 100+ and Ceres Network, which aim to mainstream climate- and ESG-related advocacy in the finance community (7)(8). MFS also partners with the organization White Men as Full Diversity Partners, requiring extensive unconscious bias trainings for leadership positions (9).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Sun Life will pay for “medical travel and lodging reimbursement benefit” for any covered medical procedure not attainable within 100 miles of an employee’s home, including abortion (1). The company is a corporate partner of the National LGBT Chamber of Commerce (2). The company has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (3)(4). Sun Life has funded the Human Rights Campaign and the Transgender Law Center, which engages in legislative advocacy regarding the provision of pubertal blockers and hormones to children (5)(6).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Sun Life has not used its PAC donations for ideological purposes (1)(2).

All links were last accessed and all information was updated on:
September 19, 2023

Company reports are intended for educational use only. Full Disclaimer

Generate Reports
Clear
Toast

This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy.

Accept