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Fosun International Awarded "Best Environmental, Social and Governance Reporting Awards" by The Hong Kong Management Association

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Fosun International has been awarded the 'Best Environmental, Social and Governance Reporting Awards' by The Hong Kong Management Association (HKMA) on November 1, 2024. The company was recognized alongside nine other major enterprises for its outstanding ESG performance and disclosure practices. Fosun has implemented its sustainable development strategy 'Create IMPACT' and established comprehensive ESG governance structures. The company has committed to peak carbon emissions by 2028 and achieve carbon neutrality by 2050. Fosun's ESG excellence is reflected in its MSCI ESG AA rating, making it the only conglomerate in Greater China to achieve this distinction. The company also ranked in the top 1% in S&P Global's Sustainability Yearbook 2024 (China Edition).

Fosun International è stata premiata con il 'Best Environmental, Social and Governance Reporting Awards' dalla Hong Kong Management Association (HKMA) il 1° novembre 2024. L'azienda è stata riconosciuta insieme a nove altre importanti imprese per le sue eccezionali performance e pratiche di divulgazione ESG. Fosun ha implementato la sua strategia di sviluppo sostenibile 'Create IMPACT' e ha istituito strutture di governance ESG complete. L'azienda si è impegnata a raggiungere il picco delle emissioni di carbonio entro il 2028 e a conseguire la neutralità carbonica entro il 2050. L'eccellenza ESG di Fosun è riflessa nel suo rating MSCI ESG AA, rendendola l'unico conglomerato nella Grande Cina a ottenere tale distinzione. L'azienda ha anche ottenuto una posizione nella top 1% nel Sustainability Yearbook 2024 di S&P Global (Edizione Cina).

Fosun International ha sido galardonada con el 'Best Environmental, Social and Governance Reporting Awards' por la Hong Kong Management Association (HKMA) el 1 de noviembre de 2024. La empresa fue reconocida junto a otras nueve importantes empresas por su destacada actuación y prácticas de divulgación ESG. Fosun ha implementado su estrategia de desarrollo sostenible 'Create IMPACT' y ha establecido estructuras de gobernanza ESG integrales. La empresa se ha comprometido a alcanzar el pico de emisiones de carbono para 2028 y a lograr la neutralidad de carbono para 2050. La excelencia ESG de Fosun se refleja en su calificación MSCI ESG AA, lo que la convierte en el único conglomerado en la Gran China que ha alcanzado esta distinción. La empresa también se posicionó en el 1% superior del Sustainability Yearbook 2024 de S&P Global (Edición China).

포순 인터내셔널이 2024년 11월 1일 홍콩 경영 협회(HKMA)로부터 '최고의 환경, 사회 및 지배구조 보고서 상'을 수상했습니다. 이 회사는 뛰어난 ESG 성과와 공시 관행으로 아홉 개의 다른 주요 기업과 함께 인정받았습니다. 포순은 'Create IMPACT'라는 지속 가능한 개발 전략을 실행하고 포괄적인 ESG 거버넌스 구조를 구축했습니다. 이 회사는 2028년까지 탄소 배출 정점을 찍고 2050년까지 탄소 중립을 달성할 것을 약속했습니다. 포순의 ESG 우수성은 MSCI ESG AA 등급에 반영되어 있으며, 이는 그들을 대만과 중국 대륙에서 유일한 대기업으로 만든 성과입니다. 이 회사는 또한 S&P Global의 2024 지속 가능성 연감(중국 에디션)에서 상위 1%에 올랐습니다.

Fosun International a été récompensée par le 'Best Environmental, Social and Governance Reporting Awards' par la Hong Kong Management Association (HKMA) le 1er novembre 2024. L'entreprise a été reconnue aux côtés de neuf autres grandes entreprises pour ses performances exceptionnelles en matière d'ESG et ses pratiques de divulgation. Fosun a mis en œuvre sa stratégie de développement durable 'Create IMPACT' et a établi des structures de gouvernance ESG complètes. L'entreprise s'est engagée à atteindre le pic des émissions de carbone d'ici 2028 et à réaliser la neutralité carbone d'ici 2050. L'excellence ESG de Fosun se reflète dans son classement MSCI ESG AA, ce qui en fait le seul conglomérat de la Grande Chine à obtenir cette distinction. L'entreprise a également été classée parmi les 1 % supérieurs dans l'édition 2024 du Sustainability Yearbook de S&P Global (Édition Chine).

Fosun International wurde am 1. November 2024 von der Hong Kong Management Association (HKMA) mit dem 'Best Environmental, Social and Governance Reporting Awards' ausgezeichnet. Das Unternehmen wurde zusammen mit neun anderen großen Unternehmen für seine herausragenden ESG-Leistungen und Offenlegungspraktiken anerkannt. Fosun hat seine nachhaltige Entwicklungsstrategie 'Create IMPACT' umgesetzt und umfassende ESG-Governance-Strukturen eingerichtet. Das Unternehmen hat sich verpflichtet, die Höhepunkt der Kohlenstoffemissionen bis 2028 zu erreichen und bis 2050 Kohlenstoffneutralität zu erlangen. Die ESG-Exzellenz von Fosun spiegelt sich in seiner MSCI ESG AA-Bewertung wider, was es zum einzigen Konglomerat in Greater China macht, das diese Auszeichnung erhalten hat. Das Unternehmen belegte zudem den Platz in den Top 1 % im Sustainability Yearbook 2024 von S&P Global (China Ausgabe).

Positive
  • Received MSCI ESG AA rating, unique among Greater China conglomerates
  • Ranked in top 1% of S&P Global's Sustainability Yearbook 2024 (China Edition)
  • Outperformed 94% of global peers in S&P Global Corporate Sustainability Assessment
  • Achieved HSI ESG rating of AA- and maintained inclusion in Hang Seng Corporate Sustainability Index
Negative
  • None.

HONG KONG, Nov. 5, 2024 /PRNewswire/ -- On 1 November 2024, The Hong Kong Management Association (HKMA) held the "2024 Best Annual Reports Awards" ceremony in Hong Kong. Fosun International was awarded the "Best Environmental, Social and Governance Reporting Awards" by HKMA, in recognition of the company's outstanding performance in ESG strategy, environmental protection, social responsibility, corporate governance and information disclosure by authoritative organization.

HKMA is a non-profit organization that is well-known in the business and education sectors, and enjoys a high reputation in the industry. Established by the HKMA in 1973, the Best Annual Reports Awards aims to recognize the publication of timely, accurate, informative, and well-presented annual reports by companies and non-profit organizations.

There are 10 enterprises that won the "Best Environmental Social and Governance Reporting Awards". Other winners include CK Hutchison Holdings, CLP Holdings, Hong Kong Exchanges and Clearing Limited, Link Real Estate Investment Trust, MTR Corporation, New World Department Store China, Swire Properties, Tencent Holdings, and The Hongkong and Shanghai Hotels, all of which are large blue chips or well-known listed companies.

HKMA points out that companies, such as Fosun International, which have received the "Best Environmental, Social and Governance Reporting Awards", have complied well with the disclosure requirements from the Hong Kong Stock Exchange, with increasing reference to the Global Reporting Initiative (GRI), Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainable Development Goals (SDGs). While still limited, a growing number of companies have obtained external assurance and review. This bolsters credibility of disclosed information. In addition, to in line with emphasizing on ESG initiatives and development, more and more companies have formally elevated CSR/Sustainability Committee to one of the Board committees.

Fosun's sustainable development strategy: "Create IMPACT"

After more than three decades of development, Fosun has now become a global innovation-driven consumer group with businesses in more than 35 countries and regions. While striving for business growth, Fosun remains committed to sustainable development. This year, Fosun has formulated its sustainable development strategy: "Create IMPACT", which stands for I: Innovation-driven, M: Mindful Operation, P: People and Partner Oriented, A: Advanced Governance, C: Climate and Planet Positive and T: Transparency.

Top-down and long-term mechanism for ESG improvement to link ESG performance with the performance appraisal of the Board

Fosun has established a top-down and long-term mechanism for ESG improvement and has included ESG management performance as an evaluation factor in the Executive Directors' performance assessment, and the ESG management performance appraisal mechanism is also extended to the CEOs of the Group and the personnel in charge of each business group. Fosun has set up an ESG Board Committee under the Board of Directors (the "Board") to assist the Board in guiding and overseeing the Group's ESG development and implementation. At the management and decision level, Fosun has established an ESG Executive Committee under the management to provide decision support for the implementation of ESG strategies. At the implementation level, the Group has also set up an ESG Management Committee and an ESG Working Group to implement ESG strategies and related actions and ensure the establishment of appropriate and effective ESG risk management and internal control system.

Benchmark against the international standard and obtained external assurance from an independent organization to build more trust with stakeholders

With a growing demand by stakeholders for more transparent and comparable reporting on companies' sustainability information, Fosun has published the ESG Report in accordance with the Environmental, Social and Governance Reporting Guide in Appendix C2 to the Listing Rules of Hong Kong Stock Exchange and with reference to the GRI Sustainability Reporting Standards (GRI Standards) disclosure. Fosun's ESG Report was audited and assured by SGS, an independent third-party and internationally recognized verification company, to enhance the trust of stakeholders in the report disclosed.

Fosun also released its second Climate Information Disclosures Report with reference to the climate disclosure requirements of the Hong Kong Stock Exchange, the Task Force on Climate-Related Financial Disclosures ("TCFD") recommendations and IFRS S2 Climate-related Disclosures.

In 2021, the Group made a commitment to society – "strive to peak carbon emissions by 2028 and achieve carbon neutrality by 2050". Fosun has formulated strategies for climate change mitigation and adaptation to align with the 1.5°C temperature control target set in the Paris Agreement. In order to achieve Fosun's carbon peaking and carbon neutrality goals, the Group has established a Carbon Neutrality Committee and a Carbon Neutrality Working Group to actively promote further implementation and enforcement of carbon-neutral management within the Group.

Embracing the 10th anniversary of joining the United Nations Global Compact and actively promoting global sustainable development

This year marks the 10th anniversary of Fosun International's joining the United Nations Global Compact ("UN Global Compact"). Since joining the UN Global Compact, Fosun has integrated the ten principles of the UN Global Compact on human rights, labor, environment and anticorruption into our corporate strategy and operations to ensure responsible business practices. The Group has also actively engaged its member companies in the implementation of ESG strategies.

Fosun's ESG Report was prepared with reference to sustainable development frameworks such as the UN Sustainable Development Goals (SDGs) to integrate SDGs into Fosun's sustainable development and management and information disclosure of its business operations.

Fosun's remarkable ESG performance has been widely recognized by the international market

In recent years, Fosun has shown outstanding performance in various aspects of ESG. Presently, Fosun International is the only conglomerate in Greater China rated AA by MSCI ESG Ratings. Fosun International outperformed 94% of its global peers in the S&P Global Corporate Sustainability Assessment, and was included in the Sustainability Yearbook 2024 by S&P Global. Fosun International was also ranked top 1% in S&P Global's Sustainability Yearbook 2024 (China Edition) and recognized as an "Industry Mover". It received an HSI ESG rating of AA- and has been included in the Hang Seng Corporate Sustainability Index for years. Furthermore, Fosun International's FTSE Russell ESG score was consistently higher than the global industry average and it has been continuously selected as a constituent stock of the FTSE4Good Index Series.

Cision View original content:https://www.prnewswire.com/news-releases/fosun-international-awarded-best-environmental-social-and-governance-reporting-awards-by-the-hong-kong-management-association-302296413.html

SOURCE Fosun

FAQ

What ESG award did Fosun International (FOSUY) receive in November 2024?

Fosun International received the 'Best Environmental, Social and Governance Reporting Awards' from The Hong Kong Management Association on November 1, 2024.

What are Fosun International's (FOSUY) carbon neutrality targets?

Fosun International aims to peak carbon emissions by 2028 and achieve carbon neutrality by 2050.

What is Fosun International's (FOSUY) current MSCI ESG rating?

Fosun International holds an AA rating from MSCI ESG, making it the only conglomerate in Greater China with this rating.

What is Fosun International's (FOSUY) sustainability strategy called?

Fosun International's sustainability strategy is called 'Create IMPACT', representing Innovation-driven, Mindful Operation, People and Partner Oriented, Advanced Governance, Climate and Planet Positive, and Transparency.

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