Sun Life Financial
Corporate Bias Rating
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Risk Level:
Summary:
Sun Life scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Sun Life increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Sun Life forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Sun Life provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. The company 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. For these reasons, Sun Life receives a High Risk rating.
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
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5/11/23 | Environmental | The Salal Foundation | Report on Health Impacts from Investments in Fossil Fuels | Against | 13.83% |