Fosun Intercontinental Receives “ESG Foremost Organization Award” and “ESG Foremost Social Initiative Award” from Bloomberg Businessweek/Chinese Version

HONG KONG, Nov. 15, 2021 /PRNewswire/ — On 15 November 2021, the results of the third ESG Primary Business Awards 2021 were being declared, which was structured by the Chinese Version of Bloomberg Businessweek in partnership with Deloitte, 1 of the world’s most significant accounting corporations, and with the support from InvestHK less than the Authorities of the Hong Kong Exclusive Administrative Location, Hong Kong Institute of Bankers, Hong Kong Securities and Investment Institute, and CFA Society Hong Kong. Fosun Worldwide has garnered the “ESG Top Company Award” in the Category I – Marketplace capitalization over HK$20 billion and the “ESG Primary Social Initiative Award”.

The Chinese Edition of Bloomberg Businessweek mentioned that it partnered yet again with Deloitte to host the 3rd ESG Leading Company Awards to realize Hong Kong-stated businesses and asset administration firms with fantastic Environmental, Social and Governance (ESG) functionality. This year’s awards aimed at encouraging enterprises to adopt ESG procedures strategically to cope with the “new ordinary” small business setting and proceed fostering a sustainable enterprise lifestyle. A panel of qualified judges evaluated submissions primarily based on taking part enterprises’ ESG governance mechanisms, targets and effectiveness, as nicely as their environmental and social initiatives, etc., pursuing a arduous judging treatment recommended by Deloitte that assures reliability and objectivity.

The “ESG Leading Enterprise Award” commends Fosun for actively promoting the sustainable progress of ESG in its overall industries

This calendar year, Fosun Global was accredited with the “ESG Foremost Business Award” in the Category I – Market place capitalization over HK$20 billion by Bloomberg Businessweek/Chinese Edition, commending the market’s recognition of Fosun Worldwide in environmental, social, corporate governance (ESG), corporate sustainability, and info disclosure, etcetera. Recipients of the “ESG Foremost Organization Award” in the Classification I – Market place capitalization above HK$20 billion contain significant-scale Hong Kong-mentioned organizations this sort of as Henderson Land Progress, Sun Hung Kai Properties, New Planet Enhancement, Sino Land, China Overseas Land and Investment, China Telecom, BOC Hong Kong (Holdings), and so on.

As a globalized company rooted in China, Fosun will take initiatives to make organization value and provides large priorities to company social accountability. Collectively with its original aspiration of “Self-advancement, Teamwork, Functionality, and Contribution to Culture” and its corporate mission of “Building Happier Life for Family members Globally”, Fosun has always integrated the principle of sustainable growth into all amounts of the Group’s functions.

In March 2019, Fosun Worldwide set up the Environmental, Social and Governance (ESG) Committee under the Board of Administrators. The committee consists of 6 board users, and an impartial non-executive director to provide as the chairman of the committee.

For everyday ESG operation, Fosun Global has recognized an ESG operating group to guide the ESG committee in implementing ESG initiatives and guarantee the institution of correct and powerful ESG hazard administration and internal regulate techniques. This ESG operating team requires 20 important practical departments which includes the Business office of Board Secretary, General public Affairs and Corporate Communications Centre, Cash Marketplaces and Investor Relations Department, the Ecosystem, Health and fitness, Security, and Excellent Supervision Section (EHSQ), and the Fosun Basis, alongside one another with the subsidiaries to put into action several ESG indicators.

In recent decades, Fosun has obtained outstanding ESG functionality. Its MSCI ESG ranking was A and the Dangle Seng Sustainability score was A. Fosun Global was chosen as a constituent stock of Hang Seng ESG 50 Index (major 50 substantial-to-mid cap) and it has been included as a constituent stock of the Hold Seng Corporate Sustainability Benchmark Index, which includes 87 Hong Kong-detailed firms with the most superb overall performance in company sustainability (top rated 20% of the Hold Seng Composite Index constituent shares). In addition to, its FTSE Russell ESG ranking was upgraded considerably, which is bigger than the sector ordinary.

In Oct 2021, CLSA has published the very first ESG deep-dived research report on Fosun International. The report has pointed out that Fosun’s ESG mission is clear: actively tackle the increasing desire for company sustainability. Fosun has a rigorous structure and policy to make certain organization alignment with ESG objectives.

The “ESG Main Social Initiative Award” commends Fosun’s contribution to the global battle versus the pandemic, demonstrating its sturdy commitment to social obligation

The “ESG Primary Social Initiative Award” issued by Bloomberg Businessweek/Chinese Version acknowledges Fosun for its energetic contribution to the world combat in opposition to the pandemic, particularly through “Support the Planet to Struggle In opposition to the Pandemic: Fosun World Anti-pandemic Campaign” and “Fosun/BioNTech COVID-19 mRNA vaccine” initiatives. It deems that Fosun, in the face of the pandemic, has leveraged on its world wide methods positive aspects to urgently deploy protective supplies to support quite a few nations afflicted by the pandemic. In addition, Fosun has created entire use of the Group’s overall health sources to jointly acquire a new COVID-19 mRNA vaccine with German BioNTech, earning a substantial contribution to the management of the pandemic.

Considering the fact that the beginning of 2020 up until now, the COVID-19 pandemic has brought massive issues to global businesses. Dealing with the impact of the pandemic, Fosun instantly activated the wartime system and actively took up company social obligations even though strengthening its organizational motion. When the COVID-19 pandemic broke out at the beginning of 2020, Fosun straight away initiated a global healthcare supplies deployment plan. It only took Fosun four times to transportation 50,000 protective suits from Germany to Wuhan and other anti-pandemic frontlines. This was the initial batch of big quantities of protective supplies to be transported from abroad to China. Leveraging its robust globalization abilities, Fosun has transported protecting suits, surgical masks, ventilators, etc. from 23 countries. These strategic materials at essential times have furnished strong aid for China to defeat the pandemic. As the abroad pandemic became more severe, Fosun promptly introduced the 2nd period of action to battle versus the COVID-19 pandemic by sending extra provides to crucial afflicted nations around the world and regions.

In addition to urgently deploying protective products to guide nations affected by the pandemic, Fosun also partnered with German BioNTech to jointly develop the COVID-19 mRNA vaccine (COMIRNATY®, also recognised as BNT162b2), exploring cutting-edge technological innovation, actively endorsing the implementation of vaccine research and advancement and the start of the vaccine, therefore delivering a strong ensure for defeating the pandemic. COMIRNATY®, also known as BNT162b2, has been set into use in Hong Kong SAR and Macao SAR in March this year, and arrived in the Taiwan location in September 2021, enjoying an energetic part in the pandemic avoidance and manage in Hong Kong SAR, Macao SAR and Taiwan location.

Fosun, which is about to enter the “30 many years of establishment”, will preserve on upholding its first aspiration of developing its business for superior, encouraged by its corporate tradition of “Self-advancement, Teamwork, Efficiency, and Contribution to Culture”, with a look at to riding the wave of momentum and endeavoring to multiplier growth. In the foreseeable future, Fosun will uphold the ideas of “multiplier progress, co-entrepreneurship and dedication” to direct its governance and advancement. Fosun will go on to try to shoulder far more social tasks, aim on environmental, social and governance (ESG), continually generate value and give back to the modern society, encouraging to advertise high-high-quality progress and shared prosperity. With the world trend of advertising and marketing carbon neutrality and carbon emission reduction, the sustainable enhancement of the earth is the typical mission of all mankind. Fosun will keep on to actively cooperate with its member companies to greatly enhance ESG techniques and implementation, particularly in the places of carbon neutrality, carbon peak, biodiversity, power conservation and intake reduction, and actively endorse the sustainable development of the group.

About Fosun

Fosun was started in 1992. Fosun’s mission is to supply superior-good quality products and products and services for households all around the world in health and fitness, joy, wealth and clever production segments. Fosun Worldwide Limited is a worldwide innovation-pushed shopper group that has been mentioned on the major board of the Hong Kong Inventory Trade (stock code: 00656.HK) because 2007, with overall property of RMB778.9 billion (c. US$120.6 billion) as of 30 June 2021. Fosun Worldwide ranks No.459 on the 2021 Forbes Global 2000 List.

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