Fosun International wins the “Gold Award” at the Asset ESG Corporate Awards 2021
HONG KONG, December 17, 2021 / PRNewswire / – Enabled December 17, 2021, Fosun International Limited (“Fosun” or the “Company”) (HKEX: 00656) has been advised by The trump, the renowned international magazine for asset management and investment, that Fosun won the âGold Awardâ at the Asset ESG Corporate Awards 2021.
Organized by The trump, a renowned Asian financial magazine, The Asset Corporate Awards is one of the world’s largest and longest-running ESG awards. This year, Fosun International received the “Gold Award” at the Asset ESG Corporate Awards 2021, reflecting the magazine’s recognition of Fosun’s outstanding performance in various fields including financial performance, management, corporate governance, corporate responsibility. social and environmental, investor relations, information disclosure and corporate communication. Other Gold Award recipients include the Agricultural Bank of China, China Communications Services, China Overseas Land and Investment, China Telecom, COSCO Shipping Ports, Guotai Junan, sino land, etc.
In recent years, global investors and stakeholders have placed increasing importance on the environmental, social and governance (ESG) performance of companies. Fosun International has continued to promote the development of ESG and achieved impressive results. Its MSCI ESG rating was A and the Hang Seng sustainability rating was A. Fosun International was selected as a constituent stock of the Hang Seng ESG 50 index (the top 50 large and mid caps) and it was included in as a constituent stock of the Hang Seng Corporate Sustainability Benchmark Index for two consecutive years. Its FTSE Russell ESG rating and S&P Global ESG scores for 2020 have improved significantly, which is above the average rating of its global peers. These achievements are approvals of Fosun International’s level of ESG governance, risk management, social responsibility and information disclosure, as well as affirmations of its long-term investment value.
In addition to the approval of Fosun International by rating agencies, the investment market also highly recognizes the ESG performance of Fosun International. In October 2021, CLSA published the first in-depth ESG research report on Fosun International. The report pointed out that Fosun’s ESG mission is clear: to actively respond to the growing demand for corporate sustainability. Fosun has a strong structure and policy to ensure the company’s alignment with ESG objectives.
As a globalized company rooted in China, Fosun takes initiatives to create business value and places high priority on corporate social responsibility. Along with its initial aspiration to “self-improvement, teamwork, performance and contribution to society”, Fosun actively contributes to society through philanthropic activities such as supporting the fight against the pandemic , the fight against malaria by Africa, flood control and disaster relief, rural doctors, etc.
Fosun, who is about to enter â30 years of establishmentâ, will defend the principles of âMultiplying growth, co-entrepreneurship and contribution to societyâ to lead the governance and development of the company. It will take on more social responsibilities by focusing on ESG aspects, constantly creating value and giving back to society, thus helping to promote high-quality development and shared prosperity. With the global trend of promoting carbon neutrality, reducing carbon emissions and sustainable development of the earth, Fosun will continue to actively cooperate with its member companies to improve ESG strategies and implementation, especially in the areas of carbon neutrality, peak carbon, protection of biodiversity, energy savings and reduction of consumption, and actively promote the sustainable development of the Group.
About the Asset Corporate Awards
Organized by The trump, a renowned Asian financial magazine, The Asset Corporate Awards is one of the world’s largest and longest-standing awards. The selection committee, made up of investors and professional analysts, assesses the overall performance, including financial performance, corporate governance, social and environmental responsibility, information disclosure and corporate communication of companies listed in the Asia Pacific region through online questionnaires submitted by participating companies, then obtaining feedback from the investor and analyst community through interviews, to select and award winning companies based on the overall score. It has a strong influence on Asia and international capital markets.
Fosun was founded in 1992. Fosun’s mission is to provide high quality products and services to families all over the world in the fields of health, happiness, wealth and smart manufacturing. Fosun International Limited is an innovation-driven global 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 778.9 billion RMB (vs. US $ 120.6 billion) from the June 30, 2021. Fosun International ranks # 459 on the Forbes Global 2000 2021 list.