Environment

Pacific Life is taking strides to do our part to ensure the environment remains vibrant for generations to come. We believe in responsible investing, taking care of our oceans, and ensuring our environmental and facility footprints remain small.

Investing for the Future

Responsible investing is not only good for business but it is also good for the environment. By utilizing ESG factors in our investment decision-making process, we have deployed billions of dollars that are allowing companies to pursue businesses and programs that will have a positive impact on our environment.

Pacific Life has developed a Sustainable Bond Framework that allows us to raise funds for specific investments related to energy efficiency projects and technologies that are designed to enable energy and emissions reductions. This framework and investments are independently reviewed by Sustainalytics.

 

Our Environmental Story

In our more than 150-year history, Pacific Life has never been more committed to having a positive impact on our environment than we are now. It’s not just the $16.6 million we have invested in the research and conservation of marine mammals and the health of our oceans in the last two decades. Our sustainability efforts have consistently led to a decrease in water, electricity, and natural gas consumption over the last ten years.  Watch our video to learn more!

Marine Mammal and Ocean Focused Efforts

The Pacific Life Foundation has advocated for the conservation and research of marine mammals and to improve the health of our oceans for more than two decades. The humpback whale is at the heart of the Pacific Life brand and it’s critical to support agencies that have made it their mission to protect ocean health and marine mammal life. To date, the Pacific Life Foundation has donated more than $16.6 million to support these causes, including a 5-year, $2 million commitment to four national nonprofits being completed in 2022.  The Foundation announced in January 2022 it will continue to invest in ocean health and marine mammals by earmarking $500,000 per year to this effort.

The Nature Conservancy

The Foundation’s support is for The Nature Conservancy’s (TNC) focus to reinvent ocean information systems in California by transforming slow, outdated systems into a model of ocean information management built on real-time data streams that provide continuous signals of ocean health. In California, TNC worked with local fishermen and researchers to develop and test new fishing gear that selectively targets swordfish and prevents bycatch of turtles, sharks, and other wildlife. The organization developed a first-of-its kind early-warning system to assess and respond to whale and sea turtle entangling, which have been on the rise recently.

Oceana

The Foundation’s support is geared toward multiple advocacy efforts by Oceana to protect various ocean areas from destructive fishing methods. Advocacy efforts have resulted in more than 165,000 square miles of ocean mass being supported or restored from destructive bottom trawling, protecting corals, sponges, rocky reefs and other important areas for marine life and ocean ecosystems. With the new protections, 90 percent of the seafloor in U.S. ocean waters off the west coast are now off-limits to bottom trawling.

The Ocean Conservancy

The Foundation’s support is targeted toward The Ocean Conservancy’s critical work to protect marine mammals from the harmful impacts of trash and keep the ocean healthy, including the Trash Free Seas® Program and International Coastal Cleanup. Together, Ocean Conservancy and the Pacific Life Foundation have successfully increased global awareness, prevented thousands of tons of trash and debris from ending up in our oceans, and mobilized millions to clean the world’s beaches and waterways. Since July 2017, through the annual International Coastal Cleanup (ICC), 34,904 tons of trash/materials were removed from beaches, waterways, and the ocean. In addition, Clean Swell, Ocean Conservancy’s data collection app, was rolled out and has allowed volunteers to submit data on trash removed during cleanups across the world, revolutionizing how data is collected and tabulated.

World Wildlife Fund

The Foundation funding supports the World Wildlife Fund (WWF) efforts to reduce the devastating impacts of bycatch by working with both fisheries and policymakers, including leveraging the Marine Mammal Protection Act import rules. WWF used their global public reach to highlight the causes and impacts of ghost gear, which accounts for 10% of all marine litter entering the oceans each year and can remain in the oceans for up to 600 years. Their work with testing the use of net illumination in reducing bycatch of sea turtles has not only shown reductions in turtle bycatch, but reductions of up to 80% in general overall bycatch.

Green Initiatives

We are conscious of our environmental footprint, the impact we have in our communities, and what we leave for future generations. Through Pacific Life’s recycling efforts, the company has been able to divert thousands of pounds of trash from landfills. Our usage of biodegradable materials in our offices and cafes reduce pollution in our waterways, wildlife endangerment, and the extinction of marine life relating to plastic and environmental degradation. Our Rideshare programs and EV charging stations have saved 69,000 gallons of fossil fuel and reduced Pacific Life employee commuter carbon emissions by 750 tons.

Our Orange County, CA office recently underwent extensive renovations, in which sustainable building materials, energy efficient components, and native plant landscaping were installed.

Explore more about Pacific Life's CSR efforts

 

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