We have a long-standing commitment to operate with integrity, to embed sustainability into our corporate policies and risk management systems, and to continually enhance our corporate governance practices with an emphasis on transparency and accountability.
The Boards of Directors and management of the companies within the Fung Group uphold our corporate governance standards to enhance shareholder value and further our sustainability performance for the benefit of our businesses and stakeholders.
Code Of Conduct and Business Ethics
Our reputational capital is built on our long-established ethical standards for conducting business. Guidelines for ethical conduct are set out in a Code of Conduct and Business Ethics which directors and employees of our companies are expected to uphold at all times. Compliance is monitored by their respective boards.
Our Commitment to Disclosure
In today’s interconnected world, stakeholders – from investors to employees – expect businesses to be accountable and responsibly manage their operations in a transparent way. Governance is the foundation and the driver for setting the standards and providing oversight of corporate behavior.
Disclosure is a powerful tool for demonstrating how sound governance directs companies to manage their financial, environmental and social performance for the benefit of the company, local economies and society. Disclosure enables stakeholders to hold companies accountable to their commitments. Improving our performance and enhancing our overall disclosure is therefore integral to our business.
Our listed entities are constituents of leading global indices, including FTSE4Good Index Series (Li & Fung, Global Brands), MSCI Global Sustainability Indexes (Li & Fung) and STOXX® Global ESG Leaders indices (Li & Fung).
In Hong Kong, we are a constituent member of the Hang Seng Corporate Sustainability Benchmark Index Series (Li & Fung, Global Brands) and recognized as a Caring Company (Li & Fung, CRA’s Circle K and Saint Honore) by the Hong Kong Council for Social Service.
As a signatory to the United Nations’ Global Compact (UNGC), we have been publicly disclosing our continual progress in implementing actions to support the UNGC’s 10 Principles on human and labor rights, the environment and anti-corruption. You can read our progress report on the UNGC website.