Social
Fosun for Good, Sharing Happiness
Staying True - Together for A Better Life
Since its establishment, Fosun has adhered to the concept of "Self-improvement, Teamwork, Performance, and Contribution to Society,” deeply committing to corporate social responsibility and continuously facilitating economic, social and national development. Founded in November 2012, Fosun Foundation is a “5A Social Organization” (the highest ranking) in China. The coverage of the foundation includes emergency relief, health promotion, rural revitalization, youth entrepreneurship, education, and culture & art, etc., serving many countries and regions around the world, and fulfilling corporate social responsibility with concrete actions.
Regarding rural revitalization, the Health by Heart - Rural Doctors Program trains and retains qualified rural doctors, and enhances the capacity of primary healthcare services to support the rural revitalization strategy and realize the “Healthy China 2030" vision. Regarding education, the Emerging Visionaries initiative encourages middle school students to carry out innovative public welfare actions in line with the United Nations (UN) Sustainable Development Goals (SDGs), promoting the alignment of Chinese youth philanthropy with international standards. Regarding youth entrepreneurship, the Protechting Global Youth Start-Up Acceleration Program supports young people’s entrepreneurial dreams in the AI+ era, fostering exchanges between young innovators from China and the West. The “Tai Chi Adjuvant Therapy Against Chronic Diseases” project provides free online and offline Tai Chi courses to patients with Parkinson’s disease and Alzheimer’s disease, helping them improve their symptoms and regain confidence. In response to sudden global disasters, the Fosun Foundation embodies the spirit of humanitarian assistance by mobilizing resources for timely disaster relief and post-disaster reconstruction.
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Vision
Help families all over the world to “create a better life”
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Mission
Utilize resources in Fosun ecosystem to respond to global demand and deliver greater social value
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Objectives
1. Provide diversified public welfare services for families worldwide to drive social innovation;
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2. Make Fosun a more responsible global citizen
Focus Areas
Together for A Better Life, Sharing Happiness
- Health
- Education
- Culture & Art
3+3
Good
Life+Good
Future
- Rural Revitalization
- Global Development
- Emergency Relief
In addition, the Fosun Foundation has collaborated with caring enterprises, artists, and charitable organizations to provide joint donations for natural disasters such as floods, earthquakes, and mudflows both domestically and internationally.
Responsible Investment
Promote the integration and development of responsible investment in Fosun
Fosun Insurance Portugal has integrated ESGfactors into its core business, in an effort to develop more ESG-compliantfinancial products. Fosun Insurance Portugal launched two sub-funds with ESGobjectives under the EU Sustainable Finance Disclosure Regulation (SFDR) in2022. Meanwhile, Fosun Insurance Portugal has gradually integratedsustainability factors into its life insurance product“Fidelidade Savings”to ensure that the product is in linewith the United Nations Sustainable Development Goals and the United NationsPrinciples for Responsible Investment. In 2024, Fosun Insurance Portugalcontinued to launch financial products that comply with the EU SFDR, such asfixed-income products.
In addition, Fosun Insurance Portugaloffers sustainable claims services and has incorporated the concept ofsustainability into its global claims policy. Fosun Insurance Portugalregularly reviews its internal policy related to claims settlement to ensurethat the policy is aligned with its sustainability strategy, thereby enhancingthe climate resilience of insured assets. Fosun Insurance Portugal also commitsto continuously exploring sustainability opportunities across the claims value chain.
Peak Reinsurance is asignatory to the Principles for Sustainable Insurance (PSI) of the UnitedNations Environment Programme Finance Initiative (UNEP FI). In the course ofinvestment, Peak Reinsurance is committed to promoting the integration of PSIin investment decisions, follows an exclusion policy designed to mitigate theenvironment and social risk of its investment portfolio.
ESG exclusion and tracking list:Peak Reinsurance identifies sensitive industries including weapons and ammunition,alcohol, tobacco, gambling, drift fishing, forestry and logging, etc., andconsiders possible environmental and social risks of such industries, to developan ESG exclusion and tracking list. Based on the involvement of the underlying productionand trading activities in sensitive industries, Peak Reinsurance sets up differentthresholds to control the environmental and social risks of its investment and underwritingactivities.
Cooperate To Achieve Multiplier Growth
Create sustainable supply chains to increase the responsible impact
Fosun Pharma actively implements the greensupply chain project to effectively ensure the stability of its supply chain.As of March 2025, Fosun Pharma has joined the Pharmaceutical Supply ChainInitiative (PSCI) as a prospective member, collaborating with partners to builda responsible value chain.
During the Reporting Period, Fosun Pharmaconducted 21 green supply chain audits on key suppliers. A star rating systemis used to categorize suppliers, i.e., one star for suppliers with the lowestrating and five stars for those with the highest rating.
The audit results showed that in 2024, allmajor suppliers of Fosun Pharm were rated three stars or above, including 6with three stars, 9 with four stars and 6 with five stars.
Fosun Pharma continues to advance its greensupply chain project of "Green Fosun". Based on the Basic Standardsfor Green Supplier Management (Trial Implementation), Fosun Pharma worksclosely with suppliers of raw materials, auxiliary materials, and packagingmaterials to promote environmental compliance, energy conservation, emissionreduction, and resource recycling. Additionally, Fosun Pharma conductsimplementation audits of suppliers to achieve terminal supervision andcollaboratively enhance the environmental management capabilities across thesupply chain.
Fosun Tourism Group (“FTG”) has continued toimprove the Fosun Tourism Group Supplier ESG Rating Scale, and comprehensivelyevaluated the ESG risk and management level of suppliers from 5 levels and 62points, including labor, business ethics and code of conduct, safety andhealth, environment impact, and management system. ESG self-assessment andon-site evaluation must be conducted on suppliers within every three years.Existing suppliers on the List of Key Suppliers and the List of Suppliers withOngoing High Risks are subject to self-assessment at least once every year, aswell as on-site audit and evaluation at least once every three years.
FTG adheres to the policy of giving priority tolocal procurement, and aims to continuously enhance local employment andprocurement, while promoting collaborative development with local communities,as stated in its 2030 sustainable development goals. In 2023, the proportion oflocal procurement in Atlantis Sanya and Taicang Alps Resort, FTG’s membercompanies, reached 67%.
Club Med, a member company of FTG, has committed to sourcing 65% of itsfresh agricultural products (vegetables, fruit, butter, egg, cheese, meat) fromlocal sources by 2030. In 2023, Club Med employed 73% of its staff locally. Atthe same time, Club Med promotes technological progress in the local communityby improving the work skills of local workers.
In order to strengthen the management of conflictminerals and risk aversion, Yuyuan connected the upstream and downstream andstrengthened the control of conflict minerals. Yuyuan optimizes and implementsthe Special Provisions on the Procurement of Conflict Mineral Raw Materials, tomanage the corresponding raw materials of jewelry fashion industry, deepeningthe management of responsible procurement. On the basis of the system, Yuyuanpromised to eliminate the procurement of jewelry and gold involving “conflictareas”, and avoid conflict minerals in raw materials from three aspects: zerotolerance policy, promoting supplier due diligence and incorporating supplieradmission standards.
