FOSUN INTERNATIONAL LTD is a Chinese multinational conglomerate that operates in various sectors, including healthcare, tourism, fashion, and real estate. One of its key business areas is the hotel and motel sector, where it has established a strong presence in China and other parts of the world. FOSUN INTERNATIONAL LTD is committed to decarbonisation and sustainable business practices, including the adoption of renewable energy sources and corporate power purchase agreements (PPAs).

As a leading player in the hotel and motel sector, FOSUN INTERNATIONAL LTD recognises the importance of reducing its carbon footprint and mitigating the impacts of climate change. The company has set ambitious targets to reduce its greenhouse gas emissions and transition to renewable energy sources. In 2019, FOSUN INTERNATIONAL LTD joined the Science Based Targets initiative, which aims to help companies align their emissions reduction targets with the goals of the Paris Agreement.

To achieve its decarbonisation goals, FOSUN INTERNATIONAL LTD is investing in corporate energy solutions that enable it to generate and consume renewable energy on-site. The company has installed solar panels and other renewable energy systems at several of its hotels and resorts, reducing its reliance on fossil fuels and grid electricity. In addition, FOSUN INTERNATIONAL LTD is exploring the use of energy storage technologies to maximise the value of its renewable energy assets and reduce its peak demand on the grid.

Another key strategy that FOSUN INTERNATIONAL LTD is pursuing to decarbonise its operations is corporate PPAs. These agreements enable the company to purchase renewable energy directly from a generator, often at a lower cost than traditional grid electricity. By entering into long-term contracts with renewable energy providers, FOSUN INTERNATIONAL LTD can secure a stable and predictable source of clean energy, while also supporting the growth of the renewable energy sector.

FOSUN INTERNATIONAL LTD has already signed several corporate PPAs for its hotels and resorts in China. For example, in 2019, the company signed a 20-year agreement with a wind power company to purchase 100% of the electricity generated by a 50 MW wind farm in Inner Mongolia. This PPA is expected to reduce FOSUN INTERNATIONAL LTD's carbon emissions by over 100,000 tonnes per year, equivalent to taking 22,000 cars off the road.

In addition to its efforts to decarbonise its own operations, FOSUN INTERNATIONAL LTD is also promoting sustainable practices across the hotel and motel sector. The company is a member of the Green Hotel Alliance, a network of hotels and resorts in China that are committed to reducing their environmental impact. Through this initiative, FOSUN INTERNATIONAL LTD is sharing best practices and collaborating with other industry players to drive sustainability in the sector.

Overall, FOSUN INTERNATIONAL LTD is demonstrating a strong commitment to decarbonisation and sustainable business practices in the hotel and motel sector. By investing in renewable energy, corporate PPAs, and other energy solutions, the company is reducing its carbon footprint and contributing to the transition to a low-carbon economy. As the world continues to grapple with the impacts of climate change, FOSUN INTERNATIONAL LTD's leadership in this area is setting an example for other companies to follow.