Carbon Neutrality

Build resilience to peak carbon emissions and achieve carbon neutrality.

Strive to peak carbon emissions by 2028 and achieve carbon neutrality by 2050

The Group’s Performance

The Group carried out comprehensive analysis and assessment of climate-related risks and opportunities based on the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) to identify those considered critical and map out response measures. Moreover, the Group further improved the management of metrics and targets accordingly to ultimately cultivate a capability to address climate issues in the long term and enhance climate resilience.

The Group has been actively monitoring and recording greenhouse gas (GHG) emissions of each member company for continuous improvement. The total GHG emissions of the Group in Scope 1, 2 and 3 in 2022 was approximately 20.755 million tons.

  • Total GHG emissions in 2022 was approximately
    2,075.5million tons
    a decrease of 5.51% from 2021

  • GHG emissions intensity in 2022 was
    95.6(tons/RMB million of revenue)
    a decrease of 8.02% from 2021

  • The Group's total energy consumption
    in 2022 was approximately
    5,189.2million MWh

    Renewable energy usage of Fosun Tourism Group, Nanjing Iron & Steel, Forte, Fosun Pharma and Fosun Insurance Portugal was approximately

  • Group Total energy consumption intensity in 2022 was
    239.0MWh/RMB million of revenue
    a decrease of 12.90% from 2021

Relevant Measures

  • Actively adopted energy-saving measures such as energy conservation & transformation, energy management, and optimized operation of energy equipment to reduce energy use, so as to reduce greenhouse gas emissions

  • Developed green and low-carbon products to reduce GHG emissions throughout the product life cycle, thereby reducing the cost of product exports and improving product competitiveness

  • Actively reduced stationary source GHG emissions through the electrification of energy equipment and the national power reform

  • Increased afforestation efforts to offset GHG emissions or develop carbon sink assets to increase company revenue

  • Actively used clean energy through electricity trading, photovoltaic roofs, fossil raw materials and fuel replacement to reduce indirect energy consumption and GHG emissions

  • Actively participated in carbon trading to increase income from energy conservation and carbon reduction, and reduce the cost of meeting emission standards for emission-controlled enterprises

  • Actively carried out green building design and operation to reduce building energy consumption and GHG emissions, reduce operating costs, and increase asset value

  • Actively developed carbon capture, usage and storage (CCUS) technology, exploring new sector for revenue growth

Specific Cases

  • The Bund Finance Center (BFC)

    With an advanced energy-saving design and the green and sustainable operation principle, BFC, one of the leaders in the low-carbon building market, has won numerous awards over the years, including

    LEED v4.1 O+M: EB platinum certification (the global highest score of 97 points),
    three-star certification of domestic green building,
    LEED v2009 BD+C: CS gold certification,
    and Golden Keys’ authorization

  • Fosun Tourism Group

    To mitigate the impact of climate change and enhance climate resilience, Fosun Tourism Group has established the energy conservation and carbon reduction target of “compared to the base year of 2019, reduce Scope 1 and 2 carbon intensity by 40% by 2030, reduce energy consumption intensity by 30% by 2030, and maximize the use of renewable energy”, as well as the Climate Change and Energy Policy.
    Atlantis Sanya, a subsidiary of Fosun Tourism Group, has set the carbon neutrality target, the emission reduction target and the emission reduction path: “by 2030, reduce the intensity of Scope 1 and 2 GHG emissions by 50% compared to 2019 and strive to reduce Scope 3 carbon emissions; achieve net-zero emissions of Scope 1 and Scope 2 GHG by 2040”.

  • Yuyuan

    Actively practicing the low-carbon concept, Yuyuan has made a commitment to society: “Yuyuan will push forward carbon neutrality in an all-round manner, and strive to achieve carbon neutrality by 2050”. Yuyuan has established a Carbon Neutrality Committee and a Working Group, and the Environment, Health, Safety & Quality (EHSQ) department takes the lead in promoting carbon neutrality. Yuyuan systematically reviews the path of carbon emission reduction, continuously optimizes the energy management system and focuses on green buildings. Moreover, Yuyuan embeds carbon emission reduction in the development of upstream and downstream value chains of various industries, and encourages a transition of production mode and lifestyle in concert with energy transition to formulate effective paths for carbon neutrality, boosting the realization of the national goal of “carbon peaking and carbon neutrality” in an overall manner.
    In the carbon neutrality plan, Yuyuan listed the construction of the carbon emission monitoring system as a key basic project, and began to build a carbon emission monitoring system and ESG data reporting platform version 1.0 in 2022. Based on the summary and analysis of energy use and carbon emission data, Yuyuan set emission reduction goals and formulated corresponding emission reduction plans; At the same time, various types of ESG-related data are also included in the platform construction, providing digital support for the scientific setting of emission reduction indicators and ESG management goals.