Fosun International Celebrates Two Years of ESG AA- Rating

Fosun International Achieves AA- ESG Rating for Two Years

Fosun International Limited (HKEX stock code: 00656) recently celebrated a remarkable achievement by being awarded an AA- ESG rating for two consecutive years. This recognition reflects the impressive sustainability performance of the company, reinforcing its commitment to Environmental, Social, and Governance (ESG) principles.

Recognition in Corporate Sustainability

This accolade from Hang Seng Indexes Company demonstrates the high regard in which Fosun is held within the sustainability community. The Hang Seng Sustainability Rating is based on a comprehensive evaluation framework established by the Hong Kong Quality Assurance Agency (HKQAA), which assesses companies on key indicators such as corporate governance, environmental stewardship, and ethical practices.

Outperforming Global Standards

Fosun International's persistent dedication to ESG initiatives has positioned it in the top tier, outperforming 90% of global enterprises in four critical areas: Corporate Governance, Environment, Consumer Issues, and Community Engagement. This commitment is further highlighted by its continuous selection in the Hang Seng Corporate Sustainability Benchmark Index for five straight years, emphasizing its influence within the industry.

Core Values Driving Sustainability

At the core of Fosun's operational ethos are its values: Self-improvement, Teamwork, Performance, and Contribution to Society. By embedding these principles within its ESG framework, Fosun ensures that sustainability is not just an add-on but woven into its daily operations.

Innovative Approaches to ESG

Fosun has actively embraced national strategies aimed at sustainable development, promoting technological advancements and securing information safety. The company prioritizes the well-being of its employees, which is instrumental in achieving its sustainable management goals. Furthermore, its ambitious targets include peaking carbon emissions by 2028 and achieving carbon neutrality by 2050. Fosun has consistently communicated its progress through its Climate Information Disclosures Report.

A Leader in Global ESG Performance

Fosun's excellence in ESG compliance has established it as a standout competitor. It is recognized as the only conglomerate in Greater China to receive an AA rating from MSCI ESG Ratings. Furthermore, its impressive standing in the S&P Global Corporate Sustainability Assessment has seen it outperform 94% of peers globally, with its inclusion in the prestigious Sustainability Yearbook 2024 by S&P Global.

Commitment to Future Sustainability

As part of its ongoing commitment to sustainability, Fosun International will continue to deepen its business practices, drive innovation, and expand its global presence. This strategic focus is aimed at long-term value creation for all stakeholders, ultimately fulfilling its vision of 'Creating Happier Lives for Families Worldwide.'

Frequently Asked Questions

What is the AA- ESG rating awarded to Fosun International?

The AA- ESG rating signifies Fosun International's strong performance in Environmental, Social, and Governance aspects, recognizing its sustainable practices.

How long has Fosun been recognized in the Hang Seng Sustainability Index?

Fosun has been selected as a constituent stock of the Hang Seng Corporate Sustainability Benchmark Index for five consecutive years.

What are the core values of Fosun International?

Fosun's core values include Self-improvement, Teamwork, Performance, and Contribution to Society, guiding its business operations and sustainability efforts.

What commitments has Fosun made regarding carbon emissions?

Fosun International is committed to peaking carbon emissions by 2028 and achieving carbon neutrality by 2050, reflecting its focus on sustainable development.

How does Fosun fare compared to global competitors in ESG ratings?

Fosun consistently outperforms many global competitors, recognized as the only Chinese conglomerate rated AA by MSCI ESG Ratings and excelling in S&P Global assessments.

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