Fosun International Limited, a Chinese multinational conglomerate holding company, has been recognized with an AA rating in the latest sustainability ratings by Hang Seng Indexes Company.
This marks the second consecutive year the company has achieved this distinction.
The Hong Kong Quality Assurance Agency (HKQAA), a professional assessment body, provides the framework for the Hang Seng sustainability rating.
The evaluation process of the companies is based on seven core indicators, such as corporate governance, environment, and operating practices.
In the four categories of corporate governance, environment, consumer issues, and community involvement and development, Fosun International’s scores exceeded those of 90% of corporations.
In recognition of its Environmental, Social and Governance (ESG) performance since its establishment, Fosun has also been included in the Hang Seng Corporate Sustainability Benchmark Index for five consecutive years.
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The company has built a robust ESG governance framework, integrating sustainable development principles.
As part of its long-term strategy, Fosun has invested in environmental protection, technology innovation, employee welfare, and public welfare programs.
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Fosun has committed to achieving carbon neutrality by 2050 and peaking carbon emissions by 2028, further enhancing its dedication to climate change.
It has received recognition for its ESG performance, being the only conglomerate in China to receive an AA rating from MSCI ESG.
The company also outperformed 94% of its global peers in the S&P Global Corporate Sustainability Assessment, securing its place in the Sustainability Yearbook 2024 by S&P Global and ranking in the top 1% in the China Edition.
Additionally, Fosun’s FTSE Russell ESG score remains higher than the global industry average, and the company continues to be included in the FTSE4Good Index Series.