Climate Change Data

Environmental Metrics

ESG Focus Areas

• Commitment to the State
• Commitment to Shareholders and the Public
• Commitment to Customers and Investees
• Commitment to Employees
• Commitment to the Environment
• Commitment to the Society

Environmental Achievements

• Promoted energy saving measures such as paperless office, two-sided printing, and teleconferencing.
• Established a Safety & Quality Control & Environment Protection Department to identify and mitigate environmental risks.

Social Achievements

• Donated over RMB 24 million to society in 2011 (over RMB 600 million since establishment).
• Organized numerous social welfare activities.
• Supported YouChange China Social Entrepreneur Foundation with RMB 20 million.
• Sponsored the Shanghai Symphony Orchestra.
• Supported cultural projects such as Dongyang woodcarving and Wu Opera.

Governance Achievements

• Maintained a sound corporate governance system.
• Fully disclosed relevant information in a timely manner.
• Established a strong legal and audit team.
• Implemented a comprehensive risk assessment and continuous improvement to the established risk management system.
• Awarded the “Annual Best Investor Relations Conglomerate in Asia Prix” by IR Magazine.

Climate Goals & Targets

Environmental Challenges

• Economic fluctuations and volatility of the macroeconomic environment.
• Managing risks systematically across diverse operations and investees.

Mitigation Strategies

• Strengthened risk management mechanisms.
• Established a compliance management system.
• Implemented an advanced risk intelligence platform.
• Close collaboration with legal and audit task forces of subordinated companies.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Top 100 Chinese Green Enterprises
• Advanced unit of internal audit of the State
• Top 10 of the listed non-state owned enterprises of China
• No. 4 among the top 100 non-state owned enterprises in China (Southern Weekend ranking)

Environmental Metrics

ESG Focus Areas

• Commitment to the State
• Commitment to Shareholders and the Public
• Commitment to Customers and Investees
• Commitment to Employees
• Commitment to the Environment
• Commitment to Society

Environmental Achievements

• Established an environment, health, safety, and quality (EHSQ) department.
• Implemented energy and material saving measures.
• Complied with environmental regulations and requirements.
• Reduced energy consumption and carbon emissions through various measures.

Social Achievements

• Contributed over RMB 600 million to society for charity in 20 years.
• Officially established Fosun Foundation in 2012.
• Supported numerous charity projects in 2012, including youth education, youth entrepreneurship, protecting traditional Chinese culture, and promoting Sino-foreign cultural exchanges.
• Supported needy students in Hainan.
• Participated in charity and public welfare activities through Youchange.
• Hosted the 8th Challenge Cup - Fosun National College Students Business Plan Competition.
• Supported free lunch programs.
• Promoted Taichi culture.
• Provided financial support for Chinese traditional culture, particularly Chinese opera.

Governance Achievements

• Established an Anti-Corruption and Supervision Department.
• Published a “Code of Conduct” for employees.
• Enhanced transparency and corporate governance.
• Strengthened risk control system.
• Amended the “Regulation for Seal Management” and the “Regulation for Appointment of Directors and Supervisors”.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• The Best Chinese Company of Corporate Social Responsibility in 2012 (Southern Weekend)
• The Best Performing Company of China (Global Entrepreneur magazine)
• Ranked among top 25 of the most innovative companies in China (Fortune)
• Ranked 18th among Shanghai Top 100 Enterprises
• Ranked No.181 among enterprises in China (China Enterprise Confederation and China Entrepreneur Association)
• Selected as one of the “Most Globally Competitive Chinese Companies” (Roland Berger Strategy Consultants and Global Entrepreneur magazine)
• Ranked among “Top 50 Chinese Emerging Multinational Companies” (China Entrepreneur magazine and Institute of Chinese Entrepreneurs)
• Ranked No. 3 among top 50 private equity investment institutions of China (Zero2IPO)
• The Best Global Brand of China (first global brand summit)
• The Huapu Prize (6th China Brand Festival)
• Award for Brand Contribution Influencing China 2012 (China Association of National Advertisers)
• National Advanced Employer (All-China Federation of Industry and Commerce)
• 2012 Shanghai Excellent Entity of Corporate Culture Achievements (Shanghai Enterprise Confederation and Shanghai Entrepreneur Association)
• Ranked among “2012 (4th) Corporate Social Responsibility Ranking Top 100 in China”, and received the award of “Outstanding Enterprise in Corporate Social Responsibility” (China Corporate Social Responsibility)
• Gold Award of “2012 Best Corporate Governance” (The Asset)

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Product Quality and Recall Management
• Marketing Practices
• Talent Attraction and Retention

Environmental Achievements

• Initiated a lean manufacturing process to improve operational efficiency and environmental management.
• Consolidated production sites and warehouses (in progress) to increase operational efficiency and achieve better environmental management outcomes.
• Reduced water consumption intensity by 5% compared to the previous year.

Social Achievements

• No reported violations of laws and regulations with respect to employment and labor practices.
• Organized a community charity event for women in treatment of or recovering from breast cancer.
• Organized a food drive initiative raising approximately $2,000 in cash and food items.
• Organized a community engagement event to support children with special needs, with 18 employees volunteering.

Governance Achievements

• No reported violations of laws and regulations with respect to product health and safety, labelling, and intellectual property protection.
• No reported violations of laws and regulations with respect to marketing and advertising, customer data and privacy matters.
• No reported violations of laws and regulations with respect to bribery, extortion, fraud, money laundering and other corruption related aspects.

Climate Goals & Targets

Environmental Challenges

• No specific challenges explicitly mentioned in the report.

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Requires suppliers to present formal accreditation to ISO 13485 and/or ISO 9001; quality evaluation questionnaire for suppliers in categories A, B, C & D; integrated social and environmental criteria into Terms & Condition of Supply.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Environmental, Social and Governance Reporting Guide issued by the Stock Exchange of Hongkong Limited

Certifications: ISO 13485:2016 (Alma Lasers Ltd. and Alma Lasers Inc.), EC Certificate of Full Quality Assurance System (Alma Lasers Ltd. and Alma Lasers Inc.), ISO 13485:2016 (Alma Lasers GmbH)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Self-improvement
• Teamwork
• Performance
• Contribution to Society
• Climate Change Mitigation
• Energy Management
• Water Resource Management
• Waste Management
• Employee Health and Safety
• Responsible Investment
• Responsible Procurement
• Business Integrity
• Customer Privacy and Data Security
• Product Quality and Safety
• Community Investment
• Poverty Alleviation
• Health Promotion
• Education Support
• Culture & Art

Environmental Achievements

• Obtained 29 green building certifications
• Reduced water consumption by 3.1% through various measures
• Reduced ammonia nitrogen emission intensity by 30%
• Reduced COD emission intensity by 30%
• Reduced wastewater emission intensity by 30%
• Achieved 100% coverage of terminal treatment equipment for volatile organic compounds (VOCs)

Social Achievements

• Launched the Rural Doctors Programme, providing support to over 12,545 village clinics and 22,192 rural doctors
• Launched the “Medical Experts go to Rural Areas” program, providing training and medical services to over 6,600 rural doctors and nearly 2,500 patients
• Donated over RMB 208 million through Fosun Foundation
• Achieved 100% employee social insurance coverage
• Provided approximately 21,000 new jobs
• Maintained a 100% EHS training completion rate
• Achieved a 95% resolution rate of customer complaints
• Launched the “Bye-Bye Plastics” plan to reduce plastic waste
• Launched the “Blue Station for Delivery Workers” to provide rest and support for delivery workers

Governance Achievements

• Established an ESG Committee and working group to oversee ESG initiatives
• Implemented a performance-related pay mechanism linking Board salary to ESG performance
• Investigated 36 cases of corruption and bribery, transferring 11 to judicial organs
• Achieved 100% integrity education coverage for employees
• Established a comprehensive whistleblowing mechanism
• Implemented a robust internal control system for anti-money laundering

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic
• Climate change risks, including extreme weather events
• Maintaining compliance with ESG regulations across various jurisdictions
• Managing ESG risks in the investment process

Mitigation Strategies

• Implemented a Global Medical Supplies Deployment Plan to address medical supply shortages
• Developed alternative sourcing strategies
• Established a crisis and public opinion management system
• Incorporated ESG factors into investment decisions
• Provided ESG training to employees and suppliers
• Implemented various energy-saving and emission reduction initiatives

Supply Chain Management

Supplier Audits: 398 green supply chain audits conducted by Fosun Pharma, covering 10% of suppliers

Responsible Procurement

• FOSUN GROUP Supplier Code of Conduct
• Third-party credit investigations for all suppliers
• Green supply chain initiatives

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events and natural disasters

Transition Risks

• Rise of raw material costs
• Cost of GHG emission
• Changes in green customer behavior
• Investment and transition of low carbon technology

Opportunities

• Resource efficiency
• Green buildings and factories
• Application of clean technologies
• Green Operation
• Participating in carbon transaction
• Product services
• Research development and investment in clean technologies

Reporting Standards

Frameworks Used: GRI Standards, UNGC

Certifications: ISO 14001, ISO 45001, ISO 10002, ISO 27001

Third-party Assurance: Ernst & Young

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 11: Sustainable Cities and Communities
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action
• Goal 17: Partnerships for the Goals

Various initiatives contribute to these goals through poverty alleviation, health promotion, sustainable development, and community engagement.

Sustainable Products & Innovation

• Green steel products
• Biosimilars
• Energy-efficient building designs

Awards & Recognition

• MSCI rating upgrade to A
• Hang Seng Corporate Sustainability rating to A+
• Bloomberg Businessweek ESG Leading Enterprise Award
• Bloomberg Businessweek ESG Leading Project Award
• 2020 Best Employer

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Occupational health
• Work safety
• Quality management
• Carbon neutralization
• Biodiversity
• Water resource use
• Social responsibility
• Community investment
• Public welfare
• Governance
• Corporate social responsibility

Environmental Achievements

• Overall reduction of RMB2.0 billion in procurement costs in 2021 through global supply chain.
• Annual emissions of major pollutants decreased year-on-year (sulfur dioxide, nitrogen oxide, particulate matter).
• Exhaust gas and waste heat used to generate 2.823 billion kilowatt hours of self-generated electricity (51.9% of total electricity consumption).

Social Achievements

• Donated oxygen concentrators, ventilators, masks, and other medical supplies to India during COVID-19 crisis.
• Donated RMB50 million worth of cash and resources for flood relief in Henan province.
• Participated in the "malaria-free world" project for over 15 years, saving over 40 million lives.
• MSCI ESG rating upgraded to AA in December 2021.

Governance Achievements

• Established four committees: Overseas Operation, Technology & Innovation, Ecosystem, and FES.
• Implemented the "Fosun Entrepreneurship/Ecosystem System" (FES) management system.
• Developed a multi-level partner system with over 140 global partners.

Climate Goals & Targets

Environmental Challenges

• Volatile global epidemic situation in 2021.
• Global political and economic uncertainties.
• Challenges to capital markets, supply chain management, and production and operations.
• Rising raw material prices.
• Impact of COVID-19 pandemic on business.
• Frequent climate disasters and natural disasters.

Mitigation Strategies

• Leveraged industrial capabilities, proactive strategic and swift tactical adjustments.
• Deployed global resources and leveraged the multiplier effect of its internal ecosystem.
• Implemented the "Profound Industry Operations + Industrial Investment" strategy.
• Actively managed maturing debts and optimized debt structure.
• Expanded financing channels.
• Actively disposed of non-core assets.
• Strengthened investment management and balanced investments and divestments.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: MSCI ESG

Awards & Recognition

• China Democratic League Anti-COVID-19 Outstanding Individual
• Anti-epidemic Action Award
• Outstanding Businessman of Listed Company Award
• Lifetime Achievement Award
• Asia Pacific Outstanding Entrepreneur Awards
• Best Asian Corporate Director
• Asia’s Best CEO
• Shanghai 4 May Youth Medal
• Shanghai Top Ten Youth Business People
• Asia’s Best CEO
• Top Ten Economic Figures in China’s Circulation Industry
• National Outstanding Commercial Entrepreneur
• Best Private Bank in Germany 2021
• Germany’s Most Popular Bank
• Leading Employers in Germany 2021
• Asian Reinsurance of the Year Award
• Property and Casualty Reinsurer of the Year Award
• Superbrands 2021
• 2021 Market Reputation Index
• Marca de Confiança 2021
• Escolha do Consumidor 2021
• Best Investment Bank 2021 in Portugal
• Best Consumption Digital Bank 2021
• Consumer Choice in Portugal 2021 and 2022
• Customer Choice 2022

Environmental Metrics

ESG Focus Areas

• Biodiversity
• Climate Change
• Carbon Neutrality
• Sustainable Development

Environmental Achievements

• Shede Wine Industry achieved a greening rate of over 98% in its plant area, planting approximately 1.3868 million trees with an estimated annual carbon dioxide absorption of 13,900 tons.
• Hainan Mining invested 12.94 million yuan in reclamation costs, planted 157,300 trees, and restored 3331.64 acres of land, achieving 100% green coverage in reclaimed mining areas.
• Over 28% of Club Med Resort is adjacent to nature reserves, and over 25% is within 3 kilometers of protected areas.

Social Achievements

• Sanya Atlantis rescued nearly 20 wild sea turtles.
• Club Med implemented an Animal Welfare Policy, committing to sourcing cage-free eggs by 2027 and conducting supplier audits.

Governance Achievements

• Fosun Group established an ESG board of directors committee, an ESG decision-making committee, an ESG management committee, and an ESG working group to implement its ESG strategy, including biodiversity initiatives.
• Incorporated 'carbon neutrality management' into the ESG management performance evaluation mechanism.

Climate Goals & Targets

Environmental Challenges

• Biodiversity loss due to human activities and climate change.
• Financial risks associated with biodiversity loss (physical and transformation risks).
• Underestimation of biodiversity issues within the current ESG system.

Mitigation Strategies

• Implementation of a biodiversity policy with five core principles.
• Conducting biodiversity risk assessments and applying mitigation hierarchies.
• Promoting ecosystem restoration and land reclamation.
• Integrating biodiversity management into the group's system audit and ESG rating requirements.
• Developing step-by-step mitigation measures to achieve net positive impacts.

Supply Chain Management

Responsible Procurement

• Club Med requires suppliers to implement the Animal Welfare Policy starting from 2023.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CDSB framework, GRI guidelines, TCFD

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Technology Innovation
• People and Partner Oriented
• Responsible Operation
• Climate and Planet Positive
• Transparency

Environmental Achievements

• 86% of Club Med’s eligible resorts received Green Globe eco-certifications.
• Reduced plastic products and food waste at Club Med resorts.
• Implemented the “Green Farmers Project” at Club Med resorts.
• Achieved a 30% reduction in absolute greenhouse gas emissions from Scope 3 by 2030 (with 2019 as the base year) at Tom Tailor (approved by SBTi).
• Fosun Insurance Portugal established a non-financial information disclosure management system.

Social Achievements

• Launched a half-day public welfare leave policy, with over 4,500 employees participating in 34,476 hours of public welfare activities.
• Paref implemented a flexible working policy, allowing employees to work remotely up to two days a week.
• Paref launched a sanitation project in two Cambodian schools.
• Paref received a score of 94/100 in the Professional Equality Index assessment for two consecutive years.
• Improved customer complaint response rate to 100% and resolution rate to 100%.

Governance Achievements

• Established an ESG Board Committee, ESG Executive Committee, ESG Management Committee, and ESG Working Group to oversee ESG matters.
• Implemented a three-lines-of-defense model for risk management at Peak Reinsurance.
• Completed mandatory e-training on key compliance topics for all Peak Reinsurance employees.
• Conducted integrity inspection work with 100% coverage for key core member companies.
• Provided integrity education to 100% of the Company’s employees.

Climate Goals & Targets

Environmental Challenges

• Geopolitical risks (higher commodity prices, supply chain disruptions, compliance issues).
• Network information security risks (data leakage, ransomware, system disruptions).

Mitigation Strategies

• Monitors global geopolitical situation, conducts scenario analysis, stress testing, and sensitivity analysis; promotes local sourcing and develops alternative supplier solutions.
• Established a Digital Intelligence Committee and CISO; formulated information security policies; conducts regular security training and penetration testing.

Supply Chain Management

Responsible Procurement

• Fosun Group Supplier Code of Conduct
• Third-party credit investigations
• ESG risk assessments
• Local sourcing
• Alternative sourcing strategies
• Science-based carbon reduction targets

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, ESG Reporting Guide

Third-party Assurance: Ernst & Young

Sustainable Products & Innovation

• Artesunate for injection (malaria treatment)
• Low-impact denims at Tom Tailor
• Green phosphorus materials at Zhejiang Wansheng

Awards & Recognition

• MSCI ESG rating of AA for three consecutive years
• HSI ESG rating upgraded to AA-
• Ranked among top 6% of global peers in S&P Global CSA
• Included in S&P Global’s Sustainability Yearbook 2024
• Recognized as an “Industry Mover” by S&P Global
• Numerous other awards listed in the report