(26 April 2024, Hong Kong) – Fosun International Limited (SEHK stock code: 00656, "Fosun International") and its subsidiaries (collectively referred to as "Fosun" or the "Group") released its 2023 Environmental, Social and Governance (ESG) Report. In the face of the increasingly severe global climate change challenge, Fosun complied with the disclosure requirements of the Hong Kong Stock Exchange, benchmarked against the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and released its second climate disclosure report with reference to IFRS Sustainability Disclosure Standard 2 – Climate-related Disclosures.
After more than 30 years of development, Fosun has become an innovation-driven global household consumption industry group, with businesses covering more than 35 countries and regions around the world. While forging ahead with development, Fosun has always made efforts to achieve sustainable development. This year, Fosun put forward its sustainable development strategy: "Create IMPACT", which identified six long-term strategic directions, namely:
I: Innovation-driven 创新驱动
M: Mindful Operation 责任运营
P: People and Partner Oriented 以人为本
A: Advanced Governance 精益治理、
C: Climate and Planet Positive 绿色发展
T: Transparency 透明真实
10th anniversary of joining the United Nations Global Compact
Actively promote global sustainable development
This year marks the 10th anniversary of Fosun International's accession to the United Nations Global Compact. Since joining the Global Compact, Fosun has been integrating the 10 principles of the Global Compact on human rights, labor, environment and anti-corruption into its corporate strategy and operations to ensure responsible business, and the Group has actively worked with its member companies to promote the implementation of ESG strategies.
Although the macro environment is still full of challenges in the post-pandemic era, Fosun has remained steadfast in its commitment to sustainable development and has made remarkable progress. In 2023, Fosun's MSCI ESG rating has been maintained at AA for three consecutive years, making it the only comprehensive enterprise in Greater China with an MSCI ESG rating of AA, the Hang Seng Sustainability Rating jumped to AA- and was selected as a constituent stock of the Hang Seng Corporate Sustainability Index for the first time, and its performance in the S&P Global Corporate Sustainability Assessment ranked among the top 6% of its global peers, and it was selected into the S&P Global Sustainability Yearbook 2024 and awarded the "Best Improved Company in the Industry" by the S&P Global Sustainability Yearbook 2024 It has been selected as a constituent stock of the FTSE Russell Social Responsibility Index for two consecutive years.
Club Med千岛湖度假村
Publish a climate disclosure report
Call on all walks of life to work together to promote carbon neutrality
In 2021, Fosun pledged to the society to "strive to achieve carbon peak by 2028 and carbon neutrality by 2050", and supported the 1.5°C temperature target of the Paris Agreement by formulating climate change mitigation and adaptation strategies. In order to further promote the dual carbon goals, the Group has established a carbon neutrality committee and working group to actively promote the further implementation and implementation of carbon neutrality management throughout the Group.
This year, the Group actively promoted the realization of the carbon neutrality goal and released Fosun's second climate information disclosure report. In addition, Fosun formulated and released the Fosun Group Carbon Neutrality Management Manual to promote the construction of the Group's "1+N" system from the policy level. The Group encourages its member companies to carry out climate actions, such as setting emission reduction targets and carbon neutrality targets, carrying out value chain carbon inventory and product carbon footprint certification, and promoting special actions for energy conservation and emission reduction, so as to fully support the realization of the Group's dual carbon goals. In addition, in 2023, Fosun International successfully converted a syndicated loan into a sustainability-linked loan, which is Fosun International's first green syndicated loan, marking the implementation of Fosun's exploration of green financing.
Innovation-driven, actively giving back to the society
Fosun adheres to the innovation-driven strategy and drives its businesses to bear innovative results to better serve the society. In 2023, Fosun made new breakthroughs in anti-cancer and antimalarial drugs, benefiting cancer patients and severe malaria patients. The world's first targeted PD-1 monoclonal antibody independently developed by Henlius for the first-line treatment of extensive-stage small cell lung cancer, Hansizhuang ® (serplulimab injection), has been approved for four indications. Argesun®, the second-generation artesunate for injection independently developed by Fosun Pharma, has become the first "one-step artesunate injection" prequalified by the World Health Organization for the treatment of malaria, and has treated more than 68 million severe malaria patients worldwide by the end of 2023. Fosun Kite's first CAR-T cell therapy product in China, Yikaida ® (Axileucel Injection), has received conditional approval from the National Medical Products Administration (NMPA), bringing more treatment options and hope for a cure to lymphoma patients in China.
In order to better promote the fulfillment and implementation of corporate social responsibility, Fosun Foundation was established in 2012 and has made unremitting efforts to create social value in the fields of global emergency relief, rural revitalization, health, education, culture and arts, and youth development. Since its launch at the end of 2017, Fosun Foundation's Rural Doctor Program has covered 78 key counties in 16 provinces, municipalities and autonomous regions, and has sent a total of 371 people to the counties to provide assistance, protecting 25,000 rural doctors and benefiting 3 million grassroots families.
At the same time, Fosun has always adhered to the core value of "people-oriented" and paid attention to the health and well-being of its employees. While caring for employees, the Group integrates the global operating resources of Fosun's ecosystem and works with member companies to carry out public welfare activities. At the beginning of 2023, Fosun officially incorporated the 0.5-day charity leave system into the Group's employee handbook, and since its implementation one year ago, a total of more than 4,500 Fosun employees at home and abroad have participated in various public welfare activities, with a total of 34,476 hours.
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The Rural Doctor Project protects 25,000 rural doctors and benefits 3 million grassroots families
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From April 20 to 26, 2023, Fosun advocated "Building a Malaria-free World" through a series of charity activities such as the Charity Run
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In 2023, a total of more than 4,500 Fosun employees at home and abroad will contribute to the society with practical actions
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Top-down ESG improvement long-term mechanism
ESG performance is linked to board performance
Fosun has established a long-term top-down ESG improvement mechanism, incorporating ESG management performance into the performance evaluation system of executive directors, and extending the coverage of the ESG management performance appraisal system to the CEO of the Group and the heads of each business group. Fosun has established an ESG Board Committee under the Board of Directors to assist the Board in guiding and monitoring the Group's development and implementation of ESG work. At the management and decision-making level, Fosun has set up an ESG decision-making committee in the management to provide decision-making support for the implementation of ESG strategies. At the executive level, the Group has also established an ESG Management Committee and an ESG Working Group to ensure the establishment of appropriate and effective ESG risk management and internal control systems, and to fully implement Fosun International's ESG strategy and related actions.
Looking ahead, Fosun will continue to actively follow the progress in the field of global sustainable development, improve and enhance Fosun's ESG management, actively respond to the national strategy, ensure information security, promote scientific and technological innovation, implement the "dual carbon" goal, participate in public welfare and charity, protect the rights and interests of employees, contribute to sustainable management and value creation, and make use of the resources and advantages of Fosun's global industrial ecology to create influence in sustainable development and continue to create a better world for the world.
Hainan Mining Green Mine
For more details about Fosun ESG, please refer to Fosun International's 2023 ESG Report:
HKExnews website (https://www.hkexnews.hk/index_c.htm)
or the Company's ESG website (https://www.fosun.com/esg/)
The electronic version of Fosun International's 2023 Climate Information Disclosure Report is available on the Company's ESG website:
（https://www.fosun.com/esg/）
About Fosun
Founded in 1992, after more than 30 years of development, Fosun has become an innovation-driven global household consumption industry group. Adhering to the mission of making the lives of families around the world happier, Fosun is committed to serving one billion family customers around the world, and strategically focuses on a healthy, happy and prosperous happiness ecosystem. In 2007, Fosun International was listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK). As of December 31, 2023, the company's total assets reached RMB808.4 billion, with an MSCI ESG rating of AA, making it the only comprehensive enterprise in Greater China with an MSCI ESG rating of AA.
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