#Hong Kong #Bloomberg #Fosun International #Environmental Social Governance

Fosun International Receives Prestigious ESG Awards

Fosun International Limited, a notable player in the corporate world, has made headlines by being honored with five prestigious Environmental, Social, and Governance (ESG) awards from two distinguished global media outlets. This recognition underscores the company’s exemplary performance in ESG strategies, showcasing its dedication to corporate governance, environmental protection, and social responsibility.

Major Accolades from Bloomberg Businessweek

On November 27, 2024, during an awards ceremony held in Hong Kong, Fosun International was awarded the "ESG Leading Enterprise Award" in the category for companies with a market capitalization exceeding HK$12 billion. This accolade, presented by Bloomberg Businessweek's Chinese Edition in collaboration with Deloitte, highlights the recognition of Fosun among industry giants such as Henderson Land Development and Swire Pacific. Furthermore, the company was celebrated for its commitment to social initiatives, receiving the "ESG Leading Social Initiatives Award" for its groundbreaking CSR projects: "Together We Build a Malaria-free World" and the "Rural Doctors Program." These awards emphasize Fosun's unwavering dedication to impactful social responsibility and its endeavors to share meaningful ESG narratives.

Honors from Global Banking and Finance Review

In addition to the accolades received from Bloomberg, Fosun International was honored with three significant awards by the UK's Global Banking and Finance Review on December 5, 2024. The company secured the title of "Best Sustainable Development Company Asia 2024," "Best CSR Company Asia 2024," and "Holding Group Brand of the Year Asia 2024." These awards reflect Fosun's resilience and adaptability in the face of a complex macroeconomic environment while simultaneously pushing forward its innovation-driven strategies and globalization efforts.

Commitment to Sustainable Development

Fosun has continually emphasized sustainable business practices, implementing an ambitious strategy dubbed "Create IMPACT." This initiative focuses on several key tenets: Innovation-driven, Mindful Operation, People and Partner Oriented, Advanced Governance, Climate and Planet Positive, and Transparency. This strategy not only underscores Fosun's commitment to sustainability but also aims to integrate ESG principles into its core business operations.

Social Responsibility Through Fosun Foundation

The Fosun Foundation, established in 2012, plays a vital role in promoting corporate social responsibility. With initiatives addressing global emergencies, health, education, and rural revitalization, the foundation aims to create tangible social value. For instance, the "Rural Doctors Program" has positively impacted the lives of millions, providing support and resources to 25,000 rural doctors across 78 counties in China.

Noteworthy Achievements in Healthcare

Fosun's contributions to healthcare innovation are significant. The company’s self-developed artesunate for injection has treated over 68 million patients suffering from severe malaria, demonstrating Fosun's commitment to health and well-being worldwide. Also noteworthy is its second-generation artesunate, Argesun®, which stands out as a prequalified product by the World Health Organization for malaria treatment.

Recognized ESG Performance

Globally, Fosun has achieved remarkable notoriety for its ESG performance. Recently rated AA by MSCI ESG Ratings, it has outperformed 94% of global peers in SP Global's Corporate Sustainability Assessment, being included in the esteemed SP Global Sustainability Yearbook 2024. Additionally, Fosun is celebrated for its consistent inclusion in the Hang Seng Corporate Sustainability Index and has displayed an ESG score higher than the global industry average.

Looking Ahead

With its eyes set on the future, Fosun International is poised to further enhance its global operations and social responsibility initiatives. Through its sustainable development strategy, the company aims to foster a more responsible and sustainable future, reinforcing its commitment to innovation and global leadership in the ESG arena. The accolades received in 2024 are just the beginning of Fosun's journey toward creating a better, healthier world for all.