Fosun International's Recognition in Sustainability Yearbook 2025
Fosun International Limited (HKEX Stock Code: 00656, 'Fosun International') has once again demonstrated its commitment to sustainability by being included in the S&P Global's Sustainability Yearbook 2025. This recognition, marking the second consecutive year, highlights the company's rigorous dedication to environmental, social, and governance (ESG) principles.
S&P Global Sustainability Yearbook Overview
Now in its 21st year, the S&P Global Sustainability Yearbook plays a vital role in guiding investors towards companies with quantifiable sustainability performance. This annual yearbook evaluates sustainability efforts based on comprehensive data from 7,690 companies across 62 industries, ultimately selecting only 780 companies for inclusion. Impressively, just 10 companies from the industrial conglomerates sector made it to the 2025 edition.
Fosun's ESG Performance Milestones
Fosun International has made significant strides in its ESG initiatives, with its S&P Global Corporate Sustainability Assessment (CSA) score steadily improving each year since 2018. The company achieved an outstanding CSA score of 70 in the 2024 assessment. As of the end of the previous year, Fosun ranks among the top 5% of global peers, outperforming the industry average by approximately 40 points.
Recognitions and Achievements
In the past year, Fosun was also recognized as being in the top 1% of the S&P Global Sustainability Yearbook 2024 (China Edition) and received the title of 'Industry Mover'. The company's consistent performance has earned it a stable MSCI ESG rating of AA since 2021, alongside an AA- HSI ESG rating. These efforts have solidified Fosun's position within the Hang Seng Corporate Sustainability Benchmark Index.
Commitment to Sustainable Development
Fosun's deep-rooted commitment to sustainable practices is reflected in its established ESG management system and the incorporation of ESG requirements into overarching business strategies. The company actively engages with national and global sustainable development goals, striving to innovate through technology, uphold employee rights, and implement ambitious 'dual carbon' initiatives.
Milestone Anniversaries in ESG Principles
The year 2024 marked significant anniversaries for both the United Nations (UN) Global Compact's introduction of ESG principles and Fosun's 10 years of being a UN Global Compact member. As a supporter of the ten principles affecting human rights, labor, and the environment, Fosun ensures responsible business practices in every aspect of its operations. The company also encourages its member companies to adopt robust ESG strategies.
Innovative Programs Recognition
One of Fosun's hallmark initiatives, the 'Rural Doctors Program Empowering Rural Medical Services,' was recognized as a premier case within the UN Global Compact's '20 Cases of Private Sector's Sustainable Development in China for 20 Years'. This commendation underscores the program’s excellence in economic viability, practicality, replicability, innovation, and inclusivity.
Looking Ahead: Building Sustainable Futures
As Fosun International looks to the future, the company plans to deepen its core business activities and enhance innovation while promoting globalization. The focus remains on sustainable development, aiming to create lasting value and positively impact the lives of families around the globe. The mission 'Creating happier lives for families worldwide' encapsulates Fosun's commitment to making a difference.
About S&P Global Corporate Sustainability Assessment
The S&P Global Corporate Sustainability Assessment (CSA), established in 1999, has become the leading tool for evaluating corporate sustainability worldwide. This assessment includes rigorous criteria across 62 industries, measuring companies' performance in sustainability and governance aspects, and thus fostering a comprehensive understanding of sustainability management.
Frequently Asked Questions
What is the S&P Global Sustainability Yearbook?
The S&P Global Sustainability Yearbook is an annual publication that recognizes companies for their outstanding sustainability practices based on a comprehensive assessment of their ESG performance.
How has Fosun International been recognized in sustainability?
Fosun International has been included in the S&P Global Sustainability Yearbook for its strong ESG efforts, making it an industry leader with consistently high CSA scores.
What achievements has Fosun International accomplished in ESG ratings?
Since 2021, Fosun has maintained an AA MSCI ESG rating and has consistently performed above industry averages in other ESG ratings, receiving recognition as a leading company in sustainability.
What initiatives does Fosun support for sustainable development?
Fosun actively engages in various sustainable programs, including its recognition for the 'Rural Doctors Program,' which empowers rural medical services and promotes broader societal wellbeing.
What is the future outlook for Fosun International?
Fosun aims to continue its focus on sustainable development, enhancing innovation and globalization to ensure lasting value for stakeholders and contribute positively to society.
