The most authoritative corporate governance magazine in the Asia Pacific region,Corporate Governance Asia, has recently presented the 16th Asian Excellence Award. Chen Qiyu and Xu Xiaoliang, Executive Directors and Co-CEOs of Fosun International, were awarded Asia’s Best CEO by the magazine.

According to Corporate Governance Asia, in 2025, amid rapid global economic transformation and ongoing technological breakthroughs, Fosun maintained strong strategic focus, concentrating on its core businesses, pursuing steady development, and actively strengthening the operational capabilities of its advantageous industries, demonstrating solid operational resilience. In a complex external business environment, Chen Qiyu and Xu Xiaoliang, as CEOs of a large global private enterprise, have consistently driven Fosun’s high-quality development through the twin drivers of “innovation” and “globalization”. At the same time, they have actively advanced the deep integration of the Group’s ESG into its businesses to build a core competitive advantage for sustainable development. By “Combining Global Resources with China’s Capabilities”, Fosun continues to enhance its global operational capabilities, operating responsibly in more than 40 countries and regions and consistently contributing to a better world.

Corporate Governance Asia conducted an interview with Chen Qiyu and Xu Xiaoliang, and the article was recently published. The full text of the article is as follows:

Fosun: “Innovation” and “Globalization” in Action, Creating a Sustainable Impact

The year 2025 marked the 10th anniversary of the Paris Agreement, yet it was also one of the hottest years on record, according to the World Meteorological Organization. At the same time, shifting geopolitics, industry cycles, and resource pressures combined with extreme weather to reshape the global economic and social landscape. Amid these challenges, Fosun continues to embed sustainability at the core of its strategy, leveraging its global industrial ecosystem to create lasting impact for society and the environment.

Driving the “Create Impact” Strategy to Shape Global Sustainable Development

Leveraging “innovation” and “globalization”, Fosun integrates ESG across its businesses, accelerates the low carbon transition, increases responsible investment, and strengthens social initiatives to build resilience in times of uncertainty.

As a responsible global citizen, Fosun joined the United Nations Global Compact (“UN Global Compact”) in 2014 and has embedded the ten principles of the UN Global Compact into its “Create IMPACT” sustainable development strategy and code of conduct. The “Create IMPACT” strategy centers on six long-term strategic directions, which stand for I: Innovation-driven, M: Mindful Operation, P: People and Partner Oriented, A: Advanced Governance, C: Climate and Planet Positive, and T: Transparency. Through these priorities, Fosun transforms commitments into concrete actions, amplifying the positive impact of sustainability.

Deepening Climate Resilience and Fostering Low-carbon Transition

For Fosun, transparency is not merely a disclosure requirement. It is the foundation of responsible leadership in a turbulent world. In April 2026, Fosun released its ESG Report 2025 alongside the fourth Climate Information Disclosures Report, reaffirming its commitment to sustainable practices while strengthening trust and credibility among stakeholders.

Faced with escalating climate challenges, Fosun remains committed to innovation‑driven sustainable development, embedding climate risk and opportunity management as well as low‑carbon transition into its corporate strategy. To support China’s “dual carbon” goals, Fosun actively advances carbon neutrality, energy conservation, and emissions reduction. In 2021, Fosun made a commitment to society – “strive to peak carbon emissions by 2028 and achieve carbon neutrality by 2050”. Fosun has formulated strategies for climate change mitigation and adaptation to align with the 1.5°C temperature control target set in theParis Agreement.

Under the leadership of the Board of Directors and the Carbon Neutrality Committee, Fosun has completed the inventory of greenhouse gas (GHG) emissions across the Group’s operational boundaries in accordance with the Greenhouse Gas Protocol: Corporate Accounting and Reporting Standard (GHG Protocol). Building on its commitment to achieve carbon neutrality by 2050, Fosun has set a mid-term target to reduce the intensity of Scope 1 and Scope 2 GHG emissions by 20% by 2034, using 2024 as the base year.

In addition, Fosun continues to leverage sustainability-linked financing instruments to expand funding sources. In 2025, Fosun completed the refinancing of its maturing syndicated loan, arranging a new three‑year sustainability‑linked syndicated loan with the total syndicated amount raised to an equivalent of USD910 million, marking the largest syndicated loan of its kind by a Chinese privately-owned enterprise in the offshore market in 2025. This achievement reflects capital‑market recognition of Fosun’s sustainability commitment and reinforces its position as a leader in green finance.

Fosun International’s syndicated loan signing established a benchmark for the largest syndicated loan of its kind by a Chinese privately-owned enterprise in the offshore market in 2025

Recognizing the importance of global cooperation in tackling climate change, Fosun actively encourages its member companies to implement climate actions. The Bund Finance Center (BFC), Fosun’s main office and a landmark in Shanghai, introduced and followed the LEED Certification, which is hailed as the “Oscar Award” in the green building industry, from the early planning stage, obtaining LEED Gold Certification during the initial phase of construction. BFC also obtained the LEED Platinum certification in 2022 with the highest score globally.

BFC introduced and followed the LEED Certification, which is hailed as the “Oscar Award” in the green building industry, from the early planning stage

Since establishing the Impact Center for Climate Change (ICCC) a year ago, Fosun Insurance Portugal (Fidelidade) has advanced research, knowledge sharing, and social dialogue to drive innovative climate risk management. At COP30, the 30th meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change, ICCC unveiled breakthroughs in forest fire risk modeling and presented its flood disaster modeling tools and early warning systems, strengthening community resilience against climate hazards.

Fidelidade has also launched Florestas de Portugal, an innovative investment program that balances economic returns with environmental benefits through forest management, carbon capture, and proactive land stewardship. Serving as a model for the insurance industry, it demonstrates how finance can be leveraged for biodiversity conservation and climate action. With foresight and innovation, Fidelidade is driving the shift from risk management to resilience building, contributing to a greener, more resilient future.

“Casa do Seguro” made its debut at COP30, during which Fidelidade presented the progress made in integrating insurance with climate science

Promoting Innovation to Bring Hope of Cure

As a global innovation‑driven consumer group, Fosun harnesses technology innovation to power sustainable growth and deliver positive social impact. Guided by its founding aspiration of “Contribution to Society”, the Group integrates technology innovation with social responsibility, creating business value while addressing global challenges.

Dedicated to addressing unmet medical needs, Fosun’s Health business strategically focuses on key therapeutic areas including oncology, immunology and inflammation, and neurodegenerative diseases, while actively expanding into cardiometabolic diseases and rare diseases. This focus enables Fosun to build high valued competitive pipelines and comprehensive healthcare solutions that strengthen community health and societal resilience. Meanwhile, it continues to consolidate its core technical platforms such as antibodies and antibody-drug conjugates (ADCs), small molecules and cell therapies.

Notably, HANSIZHUANG became the world’s first monoclonal antibody targeting PD-1 approved for first-line treatment of extensive-stage small cell lung cancer (ES-SCLC), and has been approved for marketing in over 40 countries and regions. HLX43 has shown significant advantages, with a favorable efficacy and safety profile in non-small cell lung cancer (NSCLC), gynecological tumors, and other indications. HLX22 is the world’s first anti-HER2-targeted therapy to receive Orphan Drug Designation (ODD) approvals from both US Food and Drug Administration (FDA) and the European Commission (EC) for gastric cancer.

HANSIZHUANG became the world’s first monoclonal antibody targeting PD-1 approved for first-line treatment of extensive-stage small cell lung cancer, and has been approved for marketing in over 40 countries and regions

In addition, Fosun Pharma is committed to enhancing medication accessibility and contributing to the global vision of a “malaria-free world”. As of 31 December 2025, Fosun Pharma’s independently developed artesunate for injection had saved more than 88 million severe malaria patients worldwide, with more than 440 million doses supplied globally.

Chen Qiyu, Executive Director and Co-CEO of Fosun International, said, “Original innovation is not an option but an imperative for corporate survival and development.By adhering to innovation‑driven development and global operations, we continuously optimize resource allocation and focus our strengths on innovative research, ensuring our innovative achievements benefit the world. Upholding the philosophy of ‘Innovation for Good Health’, we will leverage original innovation to strengthen the foundation of sustainable development and steadily advance toward a more resilient and efficient sustainability journey.”

 

Harnessing AI and Innovation for Better Living

With the rise of AI, Fosun has been embracing AI responsibly, building greater agility and resilience to navigate shifting global dynamics.Fosun Pharma’s PharmAID Pharmaceutical Intelligence Platform is accelerating drug research and development, while Fosun Tourism Group’s AI G.O tourism intelligent system delivers intelligent, end-to-end travel services across the entire journey.The system has already been successfully deployed at Atlantis Sanya and several Club Med resorts in China. Meanwhile, Fidelidade’s digital user base now represents nearly 22% of Portugal’s population, with large AI models beginning to generate business value across multiple segments.

AI G.O developed by Fosun Tourism Group delivers intelligent services covering the entire journey from “pre-trip - during trip - post-trip” and has already been successfully deployed at Atlantis Sanya and several Club Med resorts in China

Xu Xiaoliang, Executive Director and Co-CEO of Fosun International, said, “Embracing AI is not a choice,but a necessity for achieving high-quality and sustainable development. Fosun integrates AI with ESG principles,turning vision into action to advance AI industrial applications. By enabling technology to drive green growth and inclusive initiatives, we explore development models that balance commercial value with social responsibility while enhancing efficiency. Looking ahead, Fosun will build a global AI-powered organization, remain focused on its core businesses, and fulfill its mission with concrete actions.”

Alongside AI, Fosun is committed to driving technology innovation that revitalizes China’s intangible cultural heritage. In 2025, Fosun continued to apply low‑carbon technologies in organizing the Yuyuan Lantern Festival, putting carbon neutrality into practice while weaving oriental lifestyle aesthetics into the fabric of sustainable development. Supported by Fosun’s global platform, the Yuyuan Lantern Festival has gone international, having been held successively in Paris, France, Hanoi, Vietnam, and Bangkok, Thailand. It has played a key role in Sino-foreign cultural exchange, continuously telling “China Stories” to the world and conveying the vision of sustainable living.

Yuyuan Lantern Festival in Thailand – marking 50 years of China-Thailand ties with sustainable oriental lifestyle aesthetics

Advancing Globalization for Lasting Impact

Beyond innovation, globalization serves as another core driver of Fosun’s development. Over nearly two decades of pursuing this strategy, Fosun has established a strong presence in more than 40 countries and regions, operating responsibly across diverse markets while actively supporting philanthropy initiatives and creating sustainable value worldwide.

Xu Xiaoliang explained: “Fosun’s globalization has evolved from ‘Combining China’s growth momentum with global resources’ to ‘Combining China’s capabilities with global resources.’ With the rise of China’s manufacturing and innovation, Fosun has entered a phase of profound operations, marked by systematic expansion rather than single product exports. Its ‘bringing in’ strategy emphasizes localized innovation over simple replication. For example, Club Med has launched the ‘Urban Oasis’ and ‘Joyview’ vacation lines, tailored to Chinese family travel and high-speed rail advantages, blending local demand with French vacation DNA. In operations, Fosun actively promotes green, low-carbon practices to advance sustainable tourism.”

Taking sustainable tourism as an example, Fosun’s commitment is reflected in measurable achievements. By 2025, 97% of Club Med’s eligible resorts had passed audits and obtained Green Globe Certification, the world’s leading sustainable tourism credential. In addition, Atlantis Sanya, Taicang Alps Resort, and Lijiang Club Med Resort earned LEED Gold Certification for their environmentally responsible design and operations.

97% of Club Med’s eligible resorts had passed the audit and obtained the Green Globe Certification in 2025

Atlantis Sanya obtained LEED Gold Certification, demonstrating Fosun’s ongoing efforts and achievements in green building and sustainable tourism

Building on these achievements, Fosun extends its sustainability vision to the protection of ecosystems and biodiversity. The Group implements biodiversity protection measures and awareness programs to minimize operational impact and support natural rehabilitation. At Atlantis Sanya, proactive steps have been taken to rescue marine life such as pilot whales and sea turtles, contributing to the breeding of rare species.A landmark case was the successful rescue, rehabilitation, and release of a stranded short‑finned pilot whale named Haitang — the first such achievement in China.

After nearly five months of dedicated care at Atlantis Sanya, the stranded pilot whale named Haitang fully recovered and returned to the sea, marking the first successful rescue and release of a short-finned pilot whale in China

Developing “Business for Good” toCreate Shared Value

Fosun remains committed to “Business for Good”. In order to better promote the fulfillment and implementation of corporate social responsibility, Fosun Foundation was established in 2012. It has been making unremitting efforts in the fields of global emergency relief, rural revitalization, health, education, culture and art, youth development, to create social value. Fosun Foundation has continued to advance the Rural Doctors Program. Since its launch in 2017, the program has covered 78 counties in 16 provinces, cities, and autonomous regions across the country, supporting 25,000 rural doctors and benefiting 3 million rural families. In addition, it has introduced the “AI Rural Doctor Assistant” to grassroots communities to enhance the coverage and efficiency of medical services.

The Rural Doctors Program has supported 25,000 rural doctors and benefiting 3 million rural families

To strengthen ESG governance, Fosun has established a top-down and long-term mechanism for ESG improvement and has included ESG management performance as an evaluation factor for Executive Directors, Group CEOs, and the personnel in charge of each business group. Additionally, Fosun has set up an ESG Board Committee, an ESG Executive Committee, an ESG Management Committee and an ESG Working Group, ensuring ESG strategies are integrated into daily operations.

Despite global economic, environmental, and social uncertainties in 2025, Fosun remained steadfast in its sustainability commitment and made remarkable strides. Fosun International’s MSCI ESG rating has been upgraded to AAA. It has maintained a Hang Seng Sustainability Rating of AA-. It has also been included in S&P Global’s Sustainability Yearbook 2026and consistently ranked among the top 1% in China. Its FTSE Russell ESG score rose to 4.2 and has been included in the FTSE4Good Index Series for the fifth consecutive time.

Fosun has been included in S&P Global’s Sustainability Yearbook 2026and consistently ranked among the top 1% in China

Chen Qiyu elaborated, “Over the years, we communicate transparently and efficiently with various stakeholders and rating agencies. Our relentless efforts in the ESG domain have garnered much external recognition. In the future, Fosun will continuously enhance its ESG management standards by embracing the best ESG practices both domestically and internationally. Upholding the mission of “creating happier lives for families worldwide”, Fosun will work with global partners to integrate the concept of green development throughout its entire value chain. Leveraging the resources and advantages of its global industrial ecosystem, Fosun endeavors to make a greater impact on sustainable development and contribute to a better world.”