HONG KONG - Fosun International Limited (HKEX: 00656), a global conglomerate based in Greater China, has made notable strides in its environmental, social, and governance (ESG) performance, as reflected in recent updates to its ratings by prominent ESG assessors. The company's score in the S&P Global (NYSE:SPGI) Corporate Sustainability Assessment (CSA) saw a significant increase from 56 to 68 points as of December 2023, placing it among the top 6% in its industry worldwide, which averages at 29 points.
This improvement in the S&P Global CSA score is attributed to Fosun International's achievements in a variety of areas including Business Ethics, Environmental Policy & Management Systems, and Innovation Management. Notably, the company was recognized as an "Industry Mover" in the S&P Global Sustainability Yearbook 2023 (China Edition) in June 2023.
Moreover, Fosun International has maintained an MSCI ESG rating of AA for three consecutive years, an accolade that distinguishes it as the only conglomerate in Greater China to hold this rating. This consistent performance has also led to its inclusion in the MSCI CHINA ESG LEADERS 10-40 Index once again, indicating the capital market's recognition of Fosun's ESG management and long-term investment value.
The company's ESG achievements extend to other rating agencies as well. In 2023, it received an upgraded HSI ESG rating to AA- and became a new constituent of the Hang Seng Corporate Sustainability Index, which comprises 30 Hong Kong listed companies with leading ESG performance. Additionally, its FTSE Russell ESG score improved from 3.0 to 3.8, remaining above the global industry average.
Fosun International's advancement in ESG ratings is part of its broader commitment to sustainability and responsible corporate citizenship. The company has established a comprehensive ESG management system, set ambitious carbon emission goals, and actively engages in public welfare through the Fosun Foundation.
The information for this article is based on a press release statement. Fosun International continues to focus on enhancing its global sustainability practices, aiming to contribute positively to society and the environment while meeting its corporate objectives.
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