Fosun International Received HSI ESG Rating of AA- for Two Consecutive Years
Rhea-AI Summary
Fosun International (OTC: FOSUF) received a Hang Seng Indexes Sustainability Rating of AA- for two consecutive years and was selected as a constituent of the Hang Seng Corporate Sustainability Benchmark Index for five consecutive years. The company reported ESG scores outperforming 90% of global peers in Corporate Governance, Environment, Consumer Issues, and Community Involvement, and stated targets to peak carbon emissions by 2028 and achieve carbon neutrality by 2050. Fosun also highlighted third‑party recognitions: the only conglomerate in Greater China rated AA by MSCI, 94% outperformance in S&P Global Corporate Sustainability Assessment, inclusion in the S&P Sustainability Yearbook 2024, and consistent FTSE Russell ESG scores above the global industry average.
Positive
- HSI Sustainability rating AA- two consecutive years
- Constituent of Hang Seng Corporate Sustainability Benchmark for 5 years
- Outperformed 90% of global enterprises in four ESG areas
- Only Greater China conglomerate rated AA by MSCI
- Outperformed 94% of peers in S&P Global Corporate Sustainability Assessment
- Carbon target: peak by 2028, neutrality by 2050
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- None.
Selected as a Constituent Stock of the Hang Seng Corporate Sustainability Benchmark Index for Five Consecutive Years
HONG KONG, Sept. 9, 2024 /PRNewswire/ -- Hang Seng Indexes Company recently announced its latest Sustainability Ratings of listed companies. Fosun International Limited (HKEX stock code: 00656, "Fosun International") with its outstanding sustainability performance, has received its rating of AA- for two consecutive years, reflecting the high recognition of Fosun International's performance in the ESG (Environmental, Social, and Governance) field by the market.
The Hang Seng Sustainability Rating utilizes the sustainability rating framework of the independent professional assessment body, the Hong Kong Quality Assurance Agency (HKQAA) and selects outstanding companies in the field of sustainability by evaluating listed companies on seven core indicators, including corporate governance, environment, and fair operating practices.
Leveraging on years of continuous cultivation and efforts in the ESG field, Fosun International has received its rating of AA- for two consecutive years, boasting scores that outperformed
Since its establishment, Fosun remains steadfast in upholding its core values of "Self-improvement, Teamwork, Performance and Contribution to Society", continually bolsters its ESG framework and investment. Fosun has established a sound ESG governance structure and management system and integrated the principles of sustainable development into every facet of its operations. Fosun actively responded to national strategies, ensured information security, promoted technology innovation, participated in public welfare, protected the rights and interests of employees to promote sustainable management and value creation. Additionally, Fosun has committed to society - "strive to peak carbon emissions by 2028 and achieve carbon neutrality by 2050" and released the Climate Information Disclosures Report for two consecutive years, underscoring its commitment to climate action and rallying global cooperation towards carbon neutrality.
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
In the future, Fosun will continue to deepen its businesses, strengthen innovation and globalization, and continue to drive long-term and sustainable business development, thereby creating long-term value for all stakeholders and fulfilling its mission of "Creating Happier Lives for Families Worldwide".
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SOURCE Fosun