Sun Life Financial

Canada
Insurance

Risk Level:

Rating - Caution
Medium Risk

Summary:

Sun Life Financial, a life insurance firm, has not terminated business relationships for any reason. The company vets suppliers according to its LGBTQ policies. Sun Life supported the Equality Act and opposed the Florida Parental Rights in Education Law, among other corporate advocacy initiatives. The company does not have viewpoint protections for its employees. However, the company has not used corporate dollars 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

There are no publicly known cases of Sun Life Financial terminating business relationships due to religious or political beliefs. Sun Life Financial received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this indicates that Sun Life vets suppliers according to their LGBTQ policies (1).

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’s charitable giving focuses mostly on diabetes prevention. The guidelines exclude religious groups; however, “non-denominational programs by religious groups intended for the general good of the community may be considered” (1)(2).

Criteria

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

Risk Level
Rationale

Sun Life does not protect employees from viewpoint discrimination (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 opposed the Florida Parental Rights in Education Law, which prohibits teaching gender ideology and sexual orientation to children in K-3rd grade (1). Sun Life supports the Equality Act (2). Sun Life is a member of the America Competes coalition, which opposes “discriminatory” laws at the state and federal level that allegedly target LGBTQ minorities (3)(4).

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 their home. Such a policy includes abortion (1).

Criteria

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

Risk Level
Rationale

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

All links were last accessed and all information was updated on:
March 27, 2023

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