S&P Global raises Fosun International’s CSA rating to 70 points, maintaining a leading position in ESG performance among global peers
HONG KONG, December 19, 2024 /PRNewswire/ — S&P Global recently released the 2024 Corporate Sustainability Assessment (CSA) results for Fosun International Limited (HKEX stock code: 00656, “Fosun International”). Fosun International’s S&P Global CSA score increased to 70 points in 2024, ranking among the top 5% globally among its peers. This is a significant improvement over last year’s score of 68 points, which placed it in the top 6% of the industry, demonstrating S&P Global’s increased recognition of Fosun International’s sustainability efforts .
Of the December 2024Fosun International ranks in the top 5% of its global peers and continues to maintain a leading position in the industry, significantly ahead of the industry average by 30 points.
In this year’s S&P Global CSA assessment, Fosun International received scores of 72 in the governance and economic dimension, 68 in the environmental dimension and 71 in the social dimension, reflecting its balanced development in the environmental, social and governance (ESG). . Notably, Fosun International achieved excellent results in several sub-dimensions, including business ethics, environmental policy and management, energy, climate strategy, risk and crisis management, development of human capital and customer relationship management.
As a result of its continued commitment to ESG initiatives, Fosun International’s S&P Global CSA rating has improved each year since 2018, positioning it as an industry leader. Fosun International was successfully included in S&P Global’s Sustainability Yearbook 2024 in July 2024and ranked in the top 1% of S&P Global’s Sustainability Yearbook 2024 (China edition) and was recognized as an “Industry Mover”.
In recent years, Fosun International has consistently achieved excellent results in global ESG ratings. Currently, Fosun International is the only conglomerate in the Greater China rated AA by MSCI ESG Ratings. It has received an ESG HSI rating of AA- and has been included in the Hang Seng Corporate Sustainability benchmark for years. Additionally, Fosun International’s FTSE Russell ESG Score was consistently higher than the global industry average and it was continually selected as a constituent stock in the FTSE4Good Index Series.
Looking at the past, Fosun has always paid attention to the reform and development of global policies in the field of sustainable development. It has established a comprehensive ESG management system, integrated ESG management requirements into corporate management over the years, actively responded to national and global sustainability strategies, ensured information security, promoted technological innovation, implemented “double carbon” objectives, protected the rights and interests of employees to promote sustainable management and value creation.
This year marks the 20th anniversary of the introduction of the ESG concept and principles by the United Nations Global Compact. This year also marks Fosun’s 10th anniversary as a member of the United Nations Global Compact. Since joining the UN Global Compact, Fosun has fully supported the ten principles of the UN Global Compact in areas such as human rights, labor, environment and anti-corruption, ensuring that it conducts its activities responsibly. At the same time, Fosun actively engages its member companies in implementing ESG strategies.
On November 29, the UN Global Compact hosted a launch event for “20 Cases of Private Sector Sustainable Development in China for 20 years” report to the United Nations complex in Beijing. Fosun’s “Rural Doctor Program Strengthening Rural Medical Services” was recognized as one of the selected cases in the report. A panel of UN representatives and academics announced that the top 20 selected projects are exemplary cases of corporate sustainability that demonstrate excellence in terms of economic viability, practicality, reproducibility, innovation and inclusiveness.
After more than three decades of development, Fosun has now become a global innovation-driven consumer group. While striving for progress and development, Fosun has always made efforts to achieve sustainable development. This year, Fosun 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. It stems from Fosun’s initial aspirations: “Personal improvement, teamwork, performance and contribution to society” and constitutes a guarantee of long-term ESG practices.
In the future, Fosun will continue to deepen its core businesses, strengthen innovation and drive globalization, thereby promoting the long-term sustainable development of its businesses. By creating lasting value for all stakeholders, Fosun remains committed to fulfilling its mission of “Creating Happier Lives for Families Around the World”.
About the S&P Global Corporate Sustainability Assessment
Launched in 1999, S&P’s Global Sustainability Assessment (CSA) evaluates companies on how they practice sustainability, covering 61 different ESG standards specific to their sector. Evaluating more than 7,000 companies each year, S&P Global CSA has become a benchmark tool for companies, helping them assess the financial significance of a company’s sustainability performance from an investor perspective.
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