Fosun, a global conglomerate, as part of its commitment to tackle climate change, is focused towards achieving carbon neutrality. In 2021, the organization formally announced to society, pledging to "strive to peak carbon emissions by 2028 and achieve carbon neutrality by 2050." This commitment aligns with the 1.5°C target of the Paris Agreement, emphasizing the development of effective climate change mitigation and adaptation strategies. To oversee and drive these efforts, Fosun has established a Carbon Neutrality Committee, as revealed in its ESG 2022 report.

Regarding carbon emissions and greenhouse gas (GHG) emissions, Fosun has provided insights of its progress in 2022. As of December 31, 2022, the Group's advancements in crucial climate change metrics are detailed as follows: The intensity of greenhouse gas (GHG) emissions in 2022 measured 95.6 tonnes per RMB million of revenue, marking an 8.02% decrease from the previous year. Furthermore, the total energy consumption intensity in 2022 stood at 239.0 megawatt-hours per RMB million of revenue, reflecting a notable 12.90% reduction from the levels observed in 2021. The company recognizes the significance of its activities on the environment and natural resources and states that it has taken actions to manage them.

Fosun has set clear short, mid, and long-term objectives to propel its vision of attaining carbon neutrality. In 2022, amidst various goals, the primary focus is on implementing strategies for carbon peak and neutrality, along with developing a roadmap for carbon neutrality. A mid-term objective for 2023-24 involves establishing the Fosun carbon emission management assessment system. Looking to the long term (2025-31), the objectives include guiding member companies to champion energy conservation, emission reduction, clean production, and investment in clean energy with the aim of enhancing ESG ratings.

To achieve its carbon neutral goals and reduce emissions, Fosun has implemented various steps. These steps include identifying and mitigating significant climate-related issues, setting energy efficiency targets, and taking measures to achieve them. The company also mentions its efforts to manage water resources and materials, comply with environmental regulations, and protect biodiversity and animal welfare. Fosun's responsible investment strategy involves green initiatives, specifically addressing GHG emission targets and promoting sustainable and recyclable resource utilization.

In conclusion, Fosun recognizes the importance of addressing climate change and strives towards achieving carbon neutrality by 2050. The company has taken steps to manage climate-related issues, reduce emissions, and protect the environment. Fosun's commitment to responsible practices and its focus on sustainability indicate its dedication to mitigating climate impacts and working towards a carbon-neutral future.

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