Sustain Resilience and Develop Business for Good to Empower the Future
CHAIRMAN'S?STATEMENT
After?30?years?of?development,?Fosun?has?grown?into?one?of?the?few?domestic?enterprises?that?are?equipped?with?global?operation?and?investment?capabilities,?as?well?as?accumulated?profound?technology?and?innovation?capabilities.?Over?the?years,?Fosun?has?endured?different?stages?of?development,?but?we?have?always?adhered?to?the?values?of?"Self-improvement,?Teamwork,?Performance,?and?Contribution?to?Society".?Through?the?continuous?upgrade?in?strategic?evolution,?we?remain?committed?to?our?mission?of?serving?one?billion?families?worldwide?and?creating?happier?lives?for?families?worldwide.?Fosun?has?developed?business?for?good?with?a?customer-oriented?focus.?We?have?always?believed?that?people's?pursuit?of?happier?and?brighter?life?remains?unchanged?regardless?of?the?external?situation.?The?significance?of?the?existence?of?an?enterprise?is?to?bring?more?warmth?and?love?to?the?society.
-?Chairman,?Guo?Guangchang
In?2021,?surging?uncertainties?in?global?politics?and?economy?posed?serious?challenges?to?capital?markets,?supply?chain?management,?and?production?and?operation?of?enterprises.?We?rose?to?the?challenges?effectively,?relying?on?our?experience?in?industry?operations,?plan-ahead?strategies?and?tactics?adjustments.?In?addition,?we?deployed?global?resources?while?gave?full?play?to?our?"multiplier?growth"?effect?of?internal?ecosystem,?to?protect?the?interests?of?customers?and?shareholders?and?create?more?value.
Our?unique?globalization?capability?allows?us?to?have?a?global?mindset?while?stay?rooted?in?China.?As?a?participant?in?the?United?Nations?Global?Compact?(UNGC),?we?support?the?ten?principles?of?UNGC?in?the?areas?of?human?rights,?labor,?environment?and?anti-corruption,?relentlessly?promoting?their?close?integration?with?Fosun?ESG?strategies,?and?actively?engaging?our?member?companies?in?the?implementation?of?ESG?strategies.?In?order?to?further?strengthen?our?sustainable?development?management,?we?set?up?ESG?Executive?Committee?and?ESG?Management?Committee?under?the?ESG?Board?Committee?for?supervision?over?ESG?work?in?pursuit?of?"maintaining?steady?and?sustainable?growth".?2021?is?the?first?year?of?Fosun?heading?towards?Carbon?Neutrality.?We,?herein,?make?a?commitment?to?the?society?-?"to?achieve?emission?peak?by?2028?and?carbon?neutrality?by?2050",?and?contribute?to?the?1.5℃?target?of?Paris?Agreement?by?developing?effective?climate?change?mitigation?and?adaptation?strategies.?In?the?course?of?continuous?development,?Fosun?has?leveraged?its?increasingly?sophisticated?business?ecosystem?to?actively?promote?community?development,?improve?people's?livelihood?and?social?welfare?through?fighting?against?the?pandemic,?flood?relief,?running?the?Rural?Doctors?Programme,?and?fostering?education,?culture?and?entrepreneurship.
Over?the?past?year,?we?have?made?impressive?achievements?in?sustainable?development.?Fosun?International’s?MSCI?ESG?Rating?was?upgraded?from?A?to?AA,?and?FTSE?Russell?ESG?Rating?and?S&P?CSA?ESG?Scores?were?also?significantly?raised,?with?all?ratings?higher?than?the?industry?average.?Fosun?International?was?selected?as?a?constituent?of?the?MSCI?CHINA?ESG?LEADERS?10-40,?Hang?Seng?ESG50?Index*.?All?those?achievements?are?not?only?the?recognition?of?Fosun?International's?ESG?management?performance,?but?also?a?praise?for?our?adherence?to?original?aspirations,?which?have?further?strengthened?our?determination?to?continuously?improve?our?ESG?performance.?Our?employees,?business?partners?and?stakeholders?have?given?great?support?and?made?extensive?efforts?in?improving?Fosun’s?ESG?work.?I?would?like?to?thank?everyone?for?your?support?for?our?sustainable?development?efforts.
After?30?years?of?development,?Fosun?has?grown?into?one?of?the?few?domestic?enterprises?that?are?equipped?with?global?operation?and?investment?capabilities,?as?well?as?accumulated?profound?technology?and?innovation?capabilities.?Many?industries?in?Fosun?ecosystem?have?lived?through?the?0?to?1?start-up?stage,?and?we?are?about?to?usher?in?the?infinite?vision?of?1-N?growth.
In?the?future,?we?will?spare?no?effort?to?build?our?comprehensive?globalization?capabilities,?uphold?the?aspirations?of?"Business?for?Good"?and?"Contribution?to?Society",?actively?assume?more?social?responsibilities?and?implement?the?ESG?concept,?in?a?manner?to?continuously?create?value,?give?back?to?society,?as?well?as?promote?high-quality?development?and?common?prosperity.
Guo?Guangchang, Chairman
*These?indexes?will?adjust?the?composition?of?constituent?stocks?from?time?to?time?according?to?certain?rules.?As?of?27?April?2022,?the?release?date?of?the?Company’s?ESG?Report?2021,?Fosun?International?is?still?the?constituent?of?the?MSCI?CHINA?ESG?LEADERS?10-40?and?Hang?Seng?ESG50?index.
Professor Emeritus Agricultural Economics/Chicano Studies at UC Davis
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