Fosun International's MSCI ESG rating upgraded to AA – PRNewswire

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Jan 06, 2022, 02:23 ET
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HONG KONG, Jan. 6, 2022 /PRNewswire/ — The world’s leading index company MSCI announced the results of Fosun International Limited (HKEX stock code: 00656) ("Fosun International" or "Fosun" or the "Group") 2021 ESG (Environmental, Social and Governance) rating. As a result of the substantial improvement in the scores of corporate governance, corporate behavior, responsible investment, and opportunities in clean technology, Fosun International’s MSCI ESG rating has upgraded from A to AA, and the total score has been increased from previous 7.1 points to 8.1 points (out of 10 points).
The MSCI index is the most used benchmark index by global portfolio managers, and its ESG rating results have become an essential basis for investment decisions by major investment institutions around the world. The MSCI ESG rating is mainly based on company disclosure and public information from other channels. It comprehensively evaluates the risk exposure and risk management capabilities of companies centered around key ESG issues related to key operations.
As a global company rooted in China, Fosun takes initiatives to create business value and gives high priorities to corporate social responsibility. Together with its original aspiration of "Self-improvement, Teamwork, Performance, and Contribution to Society" and its corporate mission of "Creating Happier Lives for Families Worldwide", Fosun has always integrated the principle of sustainable development into all levels of the Group’s operations.
In March 2019, Fosun established the ESG Committee under the Board of Directors. The committee consists of six board members, and an independent non-executive director to serve as the chairman of the committee. For daily ESG operation, Fosun has established an ESG management committee and an ESG working group to assist the ESG Committee in implementing ESG initiatives and ensure the establishment of appropriate and effective ESG risk management and internal control systems.
In the past year, Fosun International has continued to improve its ESG management system, promote the implementation of various ESG management measures, and comprehensively strengthen ESG management:
For listed companies, an excellent ESG rating reveals the steady operation capacity and outstanding corporate governance of the company, and reflects that the company has established the effective ESG risks management structure, formulated and continuously improved the management policies, and adopted comprehensive management measures. The upgrade of Fosun International’s MSCI ESG rating is an endorsement of Fosun International’s ESG risk management performance, as well as an affirmation of its long-term investment value.
Fosun, which is about to turn 30 this year, will continue to uphold its original aspiration of developing its business for good and "Contribution to Society", actively shoulder more social responsibilities, implement ESG strategies, constantly create value and give back to the society, helping to promote high-quality development and common prosperity. With the global trend of promoting carbon neutral, carbon emission reduction and the sustainable development of the earth, Fosun will continue to actively cooperate with its member companies to promote the implementation of ESG strategies, especially in the areas of carbon emission peak, carbon neutral, biodiversity, energy conservation, etc., and actively promote the sustainable development of the Group.
About Fosun
Fosun was founded in 1992. Fosun’s mission is to provide high-quality products and services for families around the world in health, happiness, wealth and intelligent manufacturing segments. Fosun International Limited is a global innovation-driven consumer group that has been listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK) since 2007, with total assets of RMB778.9 billion (c. US$120.6 billion) as of 30 June 2021. Fosun International ranks No.459 on the 2021 Forbes Global 2000 List.
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