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MarketScreener Homepage  >  Equities  >  Nyse  >  MSCI, Inc.    MSCI

MSCI, INC.

(MSCI)
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MSCI : Fosun International improves MSCI ESG rating to grade A

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09/04/2020 | 11:13am EDT

HONG KONG - On 31 August 2020, the world's largest index company MSCI announced the results of Fosun International's 2020 ESG (Environmental, Social and Governance) rating.

In recognition of its outstanding performance in its ESG strategy, corporate governance, information disclosure, responsible investment and anti-corruption, Fosun International'sMSCI ESG rating has improved from BBB last year to A in 2020.

The MSCI index is the most used benchmark index by global portfolio managers, and its ESG rating results have become an essential basis for investment decisions by major investment institutions around the world. The MSCI ESG rating is mainly based on such public information as corporate ESG reports, websites and news releases. It evaluates the company's sustainability performance from the perspective of ESG, assesses the ESG risks faced by the company, and identifies opportunities for the company's core business and ESG issues about which the industry is concerned.

In the past year, Fosun International has improved its policies on and systems for ESG management and put in place with various ESG management measures. Fosun International has established an ESG Committee under the Board of Directors to supervise and govern ESG matters at the level of the board. It has also set up an ESG working group to implement various ESG measures to enhance its ESG management comprehensively. Fosun International has also announced various anti-corruption policies and systems, which clearly prohibits bribery, corruption, blackmail, fraud and other behaviours that can tarnish the company's reputation and interest. The Company has also established a code of conduct for its suppliers throughout the entire value chains of its businesses to fulfill its ESG commitments. It also formulated responsible investment policy and practiced responsible investment. For instance, it conducted business incubation and offered assistance to the founders of the start-ups with the help of Fosun International's own ecosystem of businesses. The move has made significant contributions to society as it has generated more opportunities for employment. Fosun International also deployed its worldwide resources to support the combats against the epidemic, thus fulfilling its social responsibility as an outstanding corporation.

A higher ESG rating is a manifestation of a listed company's capability to its steady business operation and its outstanding corporate governance. It also indicates that the company has formulated more comprehensive policies on management and adopted more suitable measures to manage the risks related to the ESG issues. The MSCI's upgrade of Fosun International's ESG rating is an endorsement of Fosun International's ESG risk management measures and level, as well as an affirmation of its long-term investment value.

Fosun International will continue to combine its ESG strategy and vision of 'Self-improvement, Teamwork, Performance and Contribution to Society' with its mission to 'Create happier lives for families worldwide'. It will also continue to incorporate the concept of sustainable development in the operation of its businesses of 'Health, Happiness and Wealth', endeavoring to create value for society.

Contact:

Ms. Betty Li

Email: IR@fosun.com

(C) 2020 Electronic News Publishing, source ENP Newswire


Stocks mentioned in the article
ChangeLast1st jan.
FOSUN INTERNATIONAL LIMITED 0.53% 9.41 End-of-day quote.-17.17%
MSCI, INC. 0.84% 350.55 Delayed Quote.35.78%
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Financials (USD)
Sales 2020 1 687 M - -
Net income 2020 562 M - -
Net Debt 2020 1 936 M - -
P/E ratio 2020 52,9x
Yield 2020 0,84%
Capitalization 29 319 M 29 319 M -
EV / Sales 2020 18,5x
EV / Sales 2021 16,3x
Nbr of Employees 3 513
Free-Float 61,0%
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 397,67 $
Last Close Price 350,55 $
Spread / Highest target 45,8%
Spread / Average Target 13,4%
Spread / Lowest Target -27,3%
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Managers
NameTitle
Henry A. Fernandez Chairman & Chief Executive Officer
Carroll Douglas Baer Pettit President & Chief Operating Officer
Andrew C. Wiechmann Chief Financial & Strategy Officer
Jigar Thakkar Chief Technology Officer & Head-Engineering
Ben F. duPont Independent Director
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