Fosun International Pioneers Sustainable Development Initiatives for Global Impact

Fosun International Limited, a prominent player listed on the Hong Kong Stock Exchange, has recently made significant strides in advancing its commitment to sustainable development through its latest Environmental, Social and Governance (ESG) Report for 2024. This report not only demonstrates Fosun's adherence to global sustainability expectations but also outlines how the company is strategically aligning its operations with critical climate action initiatives. The release coincides with the urgent need to address escalating global climate challenges, underscoring Fosun’s dedication to fostering positive social change.

At the heart of Fosun's sustainable vision is its belief in the concept of "business for good" which is designed to cultivate long-term competitiveness while simultaneously generating social value. This framework is encapsulated in the acronym IMPACT, which signifies Innovation-driven, Mindful Operation, People and Partner Oriented, Advanced Governance, Climate Positive, and Transparency. Through this multi-faceted approach, Fosun demonstrates not only its corporate responsibility but also its role as a global leader in sustainable business practices.

In 2024, Fosun showcased its core business focus, which is amplified by its operational presence across more than 35 countries and regions. This broad footprint empowers Fosun to actively engage in public welfare initiatives and create sustainable value on a global scale. Their philanthropic efforts encompass various sectors, including education, healthcare, and cultural initiatives, contributing significantly to community welfare and development.

Fosun formally became a participant in the United Nations Global Compact in 2014, affirming its commitment to the principles of human rights, labor, environment, and anti-corruption. These principles are intricately woven into the company's strategic framework, influencing key decision-making processes and day-to-day operations. Despite the turbulence of recent global events, Fosun has maintained robust sustainability efforts, achieving notable ESG ratings such as an AA rating from MSCI and being recognized within the top 5 percent of global peers by SP Global's Corporate Sustainability Assessment.

As part of its climate response strategy, Fosun has transitioned from earlier passive measures to a proactive stance against climate change. The Group has implemented significant goals, including incorporating carbon neutrality metrics into management performance evaluations and establishing a comprehensive carbon emission management system. Focus has shifted towards technological innovation to enhance the low-carbon transformation of their operations, ensuring more sustainable product offerings for both consumers and partners.

In alignment with China's national goals for carbon neutrality, Fosun has set ambitious targets to stabilize carbon emissions by 2028 and achieve full neutrality by 2050. The Group's strategies are structured to comply with international standards such as the Task Force on Climate-related Financial Disclosures (TCFD) and the International Financial Reporting Standards (IFRS S2). Furthermore, Fosun's flagship project, the Bund Finance Center in Shanghai, has achieved LEED Platinum certification while also being included in pilot projects for carbon peaking and neutrality.

Beyond environmental metrics, Fosun has made considerable advancements in healthcare innovation. The company’s health sector has seen the development of groundbreaking treatments, notably an anti-PD-1 monoclonal antibody approved for extensive-stage small cell lung cancer within the European Union. As an ongoing commitment to enhancing global health, Fosun Pharma has supplied substantial quantities of malaria treatment, reinforcing its dedication to providing effective healthcare solutions in underserved regions.

The establishment of the Fosun Foundation in 2012 exemplifies the company's long-term strategic intention of fulfilling its corporate social responsibility. Through various initiatives, such as the Rural Doctors Program, Fosun has mobilized support for healthcare in rural areas, positively impacting millions of families.

Looking forward, Fosun pledges to continue refining its ESG practices, aware of the evolving landscape of global sustainability. The Group remains focused on enhancing its contributions to rural revitalization, educational equity, and community development while fostering an inclusive approach to stakeholders. The overarching goal remains to utilize its extensive resource network to generate a meaningful and lasting positive impact on a global scale.

In conclusion, Fosun's consistent efforts reveal a corporate identity rooted in social responsibility, innovation, and sustainability. As the company forges ahead, it exemplifies how businesses can align financial pursuits with altruistic endeavors, paving the way for a thriving future for both communities and enterprises alike.