Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Fosun International Limited
  6. News
  7. Summary
    656   HK0656038673

FOSUN INTERNATIONAL LIMITED

(656)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

CLSA: Fosun's Outstanding Performance on ESG, Solidifying Leadership in

10/12/2021 EST
Press Release
CLSA: Fosun's Outstanding Performance on ESG, Solidifying Leadership in

Sustainable Development
Release Time:2021-10-11 Author: Source: 浏览量:66

(11 October 2021, Hong Kong) CLSA has published the first ESG deep-dived research report on Fosun International (HKEX: 0656) on 6 October 2021. The report has pointed out that Fosun's ESG mission is clear: actively address the growing demand for corporate sustainability. Fosun has a rigorous structure and policy to ensure business alignment with ESG goals. Its governance system engages the leaders of eight core subsidiaries to align with overall strategic priorities, which drive Fosun's universal efforts to support numerous UNSDGs, mitigate climate change and help communities during Covid-19. CLSA believes strong sustainability policies at the holding company level provide an umbrella for group companies to futureproof themselves against long-term externalities.

The report deep-dived Fosun's various initiatives and programs in Environment, Social and Governance, and also specified actions Fosun is taking to stand out with strong sustainability disclosures.

Governance - Incentivized remuneration, the responsible investment focus

Fosun links board member salary progression to assessments of group-level ESG performance, with negative incidents such as accidents and fatalities directly impacting remuneration. Similar quantitative ESG indicators are used at member company CEO and line management personnel evaluations, highlighting incentives to prioritize ESG across the business. Fosun also established a thorough evaluation process for responsible investing, to ensure alignment with numerous UNSDGs.

Social - Global responsibility, mobilizing against Covid

Recognizing its global capabilities, Fosun leveraged its international presence and assumed global responsibilities during the pandemic. Through its strong supply chain and global resources coordination capabilities, the group directly addressed critical medical materials shortages both domestically and worldwide. As the firm prioritizes societal contributions, Fosun supports 30+ projects globally in poverty alleviation, healthcare, education and youth worldwide through its foundation.

Environment - Climate-focused, at the group and member-company level

At the group level, Fosun attaches great importance to climate change mitigation and energy management. Risk-management frameworks ensure that member companies such as Nanjing Iron & Steel and Hainan Mining have planned and implemented energy-saving and GHG-reduction initiatives, based on their specific sector characteristics. Fosun has also taken reference from the global frameworks such as the Taskforce for Climate-related Financial Disclosures (TCFD).

With renewed ESG reporting in the last couple of years, and a concerted top-down effort to maintain strong business practices, the group is actively working to improve its overall ESG strategy. This is most clear in areas such as climate risk and opportunity disclosures, diversity and talent development, and commitment to addressing numerous SDGs with corporate initiatives.

As a corporate citizen, Fosun has shouldered more corporate social responsibility. Its executive leadership is moving beyond just job creation as a means of contributing to society: Fosun highlights commitments to take more responsibility towards the greater world, which is most evident in its global mobilization against Covid-19.

Disclaimer

Fosun International Limited published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 03:30:04 UTC.


© Publicnow 2021
All news about FOSUN INTERNATIONAL LIMITED
11/26FOSUN INTERNATIONAL : Participates in the Inaugural Asia Summit on Global Health, Actively..
PU
11/23FOSUN INTERNATIONAL : Lanvin Group Unveils New Brand Identity
PU
11/23NATURE : Making Biologic Medicines More Accessible
PU
11/18ORIENTAL AESTHETICS BRINGS OUT THE B : the 10th Shanghai Haute Couture Week Successfully C..
PU
11/09With the "In-house Counsel of the Year" award given to the insurance industry, Fidelida..
PU
11/08FOSUN INTERNATIONAL : joins hands with Standard Chartered Bank to create the global ESG im..
PU
11/05Focusing on Family Customers to Promote the “Dual Circulation” Strategy, Fo..
PU
11/02NATURE DIALOGUE WITH DR. AIMIN HUI, : Leveraging global strength in drug development
PU
11/02Fosun International Receives “Recognition for ESG Disclosure” Certificate f..
PU
11/01Oriental Haute Couture, Ultimate Aesthetics - Shanghai Haute Couture Week to Open in No..
PU
More news
Analyst Recommendations on FOSUN INTERNATIONAL LIMITED
More recommendations
Financials
Sales 2021 155 B 24 287 M 24 287 M
Net income 2021 12 046 M 1 887 M 1 887 M
Net Debt 2021 126 B 19 721 M 19 721 M
P/E ratio 2021 4,99x
Yield 2021 4,59%
Capitalization 60 885 M 9 524 M 9 536 M
EV / Sales 2021 1,20x
EV / Sales 2022 1,14x
Nbr of Employees 78 000
Free-Float 27,4%
Chart FOSUN INTERNATIONAL LIMITED
Duration : Period :
Fosun International Limited Technical Analysis Chart | 656 | HK0656038673 | MarketScreener
Technical analysis trends FOSUN INTERNATIONAL LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 7,31 CNY
Average target price 11,07 CNY
Spread / Average Target 51,3%
EPS Revisions
Managers and Directors
Qi Yu Chen Co-Chief Executive Officer & Executive Director
Xiao Liang Xu Co-Chief Executive Officer & Executive Director
Ping Gong Chief Financial Officer & Executive Director
Hou Lin Zhang Co-Chief Financial Officer & Senior Vice President
Li Gang Zhang Co-CFO & GM-Financial Management
Sector and Competitors
1st jan.Capi. (M$)
FOSUN INTERNATIONAL LIMITED-26.77%9 524
ALLIANZ SE-4.61%88 486
MARSH & MCLENNAN COMPANIES, INC.42.23%84 020
CHUBB LIMITED19.90%79 493
ZURICH INSURANCE GROUP LTD2.46%61 571
BAJAJ FINSERV LIMITED87.31%35 373