November 8, 2022
Climate change poses a risk to the environment, economic systems, society and our communities worldwide. The demand for governments and corporations to do more to tackle the climate emergency is growing.
November 8, 2022
Climate change poses a risk to the environment, economic systems, society and our communities worldwide. The demand for governments and corporations to do more to tackle the climate emergency is growing.
There are calls for greater emission reductions, more climate financing and strong adaptation initiatives. As responsible stewards of capital, we know this calls for urgent action. Our industry must commit to creating a cleaner, more inclusive and sustainable future.
To demonstrate our commitment, SLGI Asset Management Inc. signed on to the Net Zero Asset Managers (NZAM) initiative in November 2021, to formalize our intention to:
Our initial NZAM commitment is, by 2030, to have 24% of our total assets under management on the path towards achieving net zero greenhouse gas emissions by 2050. We plan to achieve this by engaging with our current investment managers and adding new managers and funds to support net zero strategies. We have selected certain stand-alone funds to be “in scope” (i.e., fall within our 24% target), many of which are underlying funds in our multi-asset solutions. We are also committed to increasing our offering of climate-friendly investment solutions. Over time we expect to increase our NZAM commitment.
At SLGI Asset Management Inc., we serve a broad array of Clients across retail and institutional channels. Our first and foremost responsibility is to act in the best interests of our Clients, helping them grow and protect their investments to meet their financial goals. We also have an obligation to do our part to mitigate one of society’s biggest challenges. The need for education and awareness around responsible investing across Canada is key.
We employ a ‘manager-of-managers’ approach, which means that our initial path to implementing net zero in our portfolios is through our manager selection and engagement process. It also means we are uniquely positioned to observe the various net zero approaches put forward by our managers and educate them on best practices.
We will engage with our investment managers to influence them to:
We believe climate action is one of the most important steps we are capable of taking in creating a sustainable future for our world. But our sustainability commitment does not stop there. We have established seven key priorities—encompassing diversity, equity & inclusion, ESG integration, industry engagement and more—to help guide us in our path toward sustainability and address societal challenges. We will continue to share our progress on each of these priorities, and we invite you to follow our journey.
SLGI Asset Management Inc. is the investment manager of the Sun Life family of mutual funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund’s prospectus. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Sun Life Assurance Company of Canada is the issuer of accumulation annuities (insurance GICs), payout annuities and individual variable annuity contracts (segregated fund contracts). Any amount that is allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value. Sun Life Financial Trust Inc. is the issuer of guaranteed investment certificates.
Sun Life Global Investments is a trade name of SLGI Asset Management Inc., Sun Life Assurance Company of Canada and Sun Life Financial Trust Inc. all of which are members of the Sun Life group of companies.