Our policy on Diversity, Equity, and Inclusion (“DE&I”)
Sun Life Financial of Canada is committed to creating and maintaining an equitable and inclusive workplace where we respect and value diversity. From wherever our employees work, we want them to feel safe and meet their full potential. We promote the same approach and standards from our key suppliers.
Our Human Resources team ensure that we meet our obligations under the Equality Act 2010, which protects people from discrimination, harassment, and victimisation at work. In addition, our policies on parental leave and flexible working align with the Association of British Insurers’ industry standards.
An Executive Sponsor from our Executive Management Committee leads our DE&I actions. They are guided by a specialist DE&I employee group and advised by a range of expert external sources.
The regulated legal entity of Sun Life Financial of Canada (Sun Life Assurance Company of Canada (U.K.) Limited (“SLOC UK”)) is also required by financial services regulations to consider a broad set of qualities and competences in the recruitment and succession planning of its directors. The regulations intend to ensure that boards have the diversity of experience and capacity to provide effective challenge across the full range of the company’s business. SLOC UK’s Board Diversity Policy has been in place since April 2018 and is reviewed and approved annually by the SLOC UK Board.
Following the acquisition of SLOC UK by Phoenix Group in April 2023, there will be a progressive migration towards integration with the DE&I policies and practices of the new group.