ESG Strategy

Strategy
  • Self-improvement Unity of knowledge and action - We believe, so we do
  • Teamwork Concerted efforts and cooperation leading to win-win situation
  • Performance Pursuit of perfection and excellent qualit
  • Contribution to Society Share the value of business for good
Objectives
  • Through continuous self-reflection, we comprehensively review our strengths and weaknesses, objectively evaluate ourselves and ultimately achieve self-improvement upon repeated revisions and continuous enhancement. Keep a strong passion for learning, develop excellent learning ability, strive to build a learning organization and push beyond limits to achieve a higher level of success.

  • To establish a Fosun team with entrepreneurial spirit and status and to build a harmonious partnership and an endurable business ecosystem, through complementary advantages and sharing mutual benefit to achieve win-win situation.

  • Leveraging on innovations and services in “Health, Happiness, Wealth and Intelligent Manufacturing” to deliver more products and services with excellent user experiences to families across the world, bringing happiness to every family.

  • To make use of and to integrate the existing resources with the advantage in knowledge and technology; to contribute to green planet through energy conservation and environmental protection; to contribute to society by creating wealth; to serve society by building the brand; and to benefit the society by participating in public welfare.

Key Issues
  • 01

    Employee learning and development
    Employee interests and caring
    Regulating corporate governance
    Risk and crisis management
    Business integrity and supervision
    Employee health and safety

  • 02

    Responsible Investment
    Responsible procurement
    Responsible marketing

  • 03

    Research & development and innovation
    through the digital supply chain platform
    Product quality and safety
    Protection of intellectual property
    Customer service and satisfaction
    Customer privacy and data security

  • 04

    Participation in social welfare
    Green products and clean technology
    Climate change mitigation and energy management
    Water resource management

2022 Progress Review
  • 1. The average training hours per person was 53.6 hours. Participation in social welfare
    2. Around 27,000 employees were newly hired. Green products and clean technology
    3.The anti-corruption and integrity inspection work has achieved a coverage rate of 100% for the key core member companies within the annual inspection plan of the Group.
    4. The integrity education has been provided to 100% of the Company’s employees, with approximately one hour of integrity training per employee
    5. No major ESG crisis or incident occurred.

  • 1. More than 42 participating and holding companies in the energy and environmental protection sector, of which 3 were listed on the Main Board. The total investment in energy and environmental protection exceeded RMB20 billion, accounting for over 50% of the total investment in primary market in the energy, environment and smart equipment investment segment.
    2. All registered and new suppliers have signed the Fosun Group Supplier Code of Conduct.
    3. ESG risk assessments have been conducted on cooperative suppliers managed through the digital supply chain platform.
    4. The average anti-corruption training hours per person for the Company’s suppliers and contractors was approximately 0.5 hour.

  • 1. The Group invested nearly RMB10.4 billion in total to improve technology and innovation capabilities (including scientific research investment expensed and capitalized, but excluding digitalization expenses).
    2. “In particular, the R&D expenses amounted to approximately RMB4,911.7 million, accounting for approximately 2.80% of revenue. A total of 1,771 authorized invention patents have been acquired.
    3. The short-term, medium-term, and long-term goals of quality management for 2022-2031 continued to be pushed forward, with the short-term goals having already been achieved.”

  • 1. Under the goal of “striving to peak carbon emissions by 2028 and achieve carbon neutrality by 2050”, the carbon neutrality route has been officially established, a Carbon Neutrality Committee has been established, and the first Task Force on Climate-related Financial Disclosures (TCFD) report has been compiled.
    2. Continued to work on Environment, Health, Safety & Quality (EHSQ) management short, medium and long-term goals for 2022- 2031 with the short-term goal achieved already.
    3. Fosun Foundation donated more than RMB11,310,000.

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