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VNET Publishes 2024 Environmental, Social and Governance Report

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VNET Group (NASDAQ: VNET) has released its fifth annual ESG Report for 2024, showcasing significant environmental and operational achievements. The company's renewable energy usage reached 360,880 MWh, a fivefold increase year-over-year, representing 18% of total resources. Notable improvements include a 2% decrease in greenhouse gas emissions and 9% reduction in emission intensity.

Key operational metrics include an average annual power usage effectiveness (PUE) of 1.27 at stabilized data centers and a 99.63% nationwide customer satisfaction rate. The company's Ulanqab IDC Campus project, approved in October 2024, features 200MW wind power, 100MW solar power, and 45MW energy storage capacity.

VNET received multiple ESG recognitions, including an 'A' rating from MSCI for the third consecutive year, a score of 70 in S&P Global's assessment (top 7% globally), and a 'B' rating on CDP's Climate Change Questionnaire.

VNET Group (NASDAQ: VNET) ha pubblicato il suo quinto Rapporto ESG annuale per il 2024, evidenziando importanti risultati ambientali e operativi. L'utilizzo di energia rinnovabile dell'azienda ha raggiunto 360.880 MWh, un aumento di cinque volte rispetto all'anno precedente, rappresentando il 18% delle risorse totali. Tra i miglioramenti significativi si segnalano una riduzione del 2% delle emissioni di gas serra e una diminuzione del 9% dell'intensità delle emissioni.

I principali indicatori operativi includono un'efficienza energetica media annua (PUE) di 1,27 nei data center stabilizzati e un tasso di soddisfazione clienti a livello nazionale del 99,63%. Il progetto Ulanqab IDC Campus, approvato nell'ottobre 2024, prevede 200MW di energia eolica, 100MW di energia solare e 45MW di capacità di accumulo energetico.

VNET ha ricevuto numerosi riconoscimenti ESG, tra cui una valutazione 'A' da MSCI per il terzo anno consecutivo, un punteggio di 70 nella valutazione di S&P Global (tra il top 7% a livello mondiale) e una valutazione 'B' nel Questionario sul Cambiamento Climatico di CDP.

VNET Group (NASDAQ: VNET) ha publicado su quinto Informe ESG anual para 2024, destacando importantes logros ambientales y operativos. El uso de energía renovable de la compañía alcanzó 360,880 MWh, un incremento de cinco veces respecto al año anterior, representando el 18% de los recursos totales. Entre las mejoras notables se incluyen una disminución del 2% en las emisiones de gases de efecto invernadero y una reducción del 9% en la intensidad de emisiones.

Los principales indicadores operativos incluyen una eficiencia energética promedio anual (PUE) de 1.27 en centros de datos estabilizados y una tasa de satisfacción del cliente a nivel nacional del 99.63%. El proyecto Ulanqab IDC Campus, aprobado en octubre de 2024, cuenta con 200MW de energía eólica, 100MW de energía solar y 45MW de capacidad de almacenamiento energético.

VNET recibió múltiples reconocimientos ESG, incluyendo una calificación 'A' de MSCI por tercer año consecutivo, un puntaje de 70 en la evaluación de S&P Global (dentro del 7% superior a nivel mundial) y una calificación 'B' en el Cuestionario de Cambio Climático de CDP.

VNET Group (NASDAQ: VNET)는 2024년 다섯 번째 연례 ESG 보고서를 발표하며 중요한 환경 및 운영 성과를 선보였습니다. 회사의 재생 에너지 사용량은 360,880 MWh에 달해 전년 대비 5배 증가했으며, 전체 자원의 18%를 차지합니다. 주목할 만한 개선 사항으로는 온실가스 배출량 2% 감소와 배출 강도 9% 감소가 있습니다.

주요 운영 지표로는 안정화된 데이터 센터의 연평균 전력 사용 효율(PUE) 1.27과 전국 고객 만족도 99.63%가 포함됩니다. 2024년 10월 승인된 울란차브 IDC 캠퍼스 프로젝트는 200MW 풍력, 100MW 태양광, 45MW 에너지 저장 용량을 갖추고 있습니다.

VNET은 MSCI로부터 3년 연속 'A' 등급, S&P 글로벌 평가에서 70점(전 세계 상위 7%), CDP 기후변화 설문조사에서 'B' 등급 등 다수의 ESG 인증을 받았습니다.

VNET Group (NASDAQ : VNET) a publié son cinquième rapport ESG annuel pour 2024, mettant en avant d'importantes réalisations environnementales et opérationnelles. L'utilisation d'énergie renouvelable de l'entreprise a atteint 360 880 MWh, soit une multiplication par cinq par rapport à l'année précédente, représentant 18 % des ressources totales. Parmi les améliorations notables figurent une diminution de 2 % des émissions de gaz à effet de serre et une réduction de 9 % de l'intensité des émissions.

Les principaux indicateurs opérationnels comprennent un facteur d'efficacité énergétique moyen annuel (PUE) de 1,27 dans les centres de données stabilisés et un taux de satisfaction client national de 99,63 %. Le projet Ulanqab IDC Campus, approuvé en octobre 2024, comprend 200 MW d'énergie éolienne, 100 MW d'énergie solaire et une capacité de stockage d'énergie de 45 MW.

VNET a reçu plusieurs distinctions ESG, notamment une note 'A' de MSCI pour la troisième année consécutive, un score de 70 dans l'évaluation de S&P Global (dans les 7 % meilleurs au niveau mondial) et une note 'B' au questionnaire sur le changement climatique du CDP.

VNET Group (NASDAQ: VNET) hat seinen fünften jährlichen ESG-Bericht für 2024 veröffentlicht und bedeutende ökologische sowie operative Erfolge präsentiert. Der Einsatz erneuerbarer Energien des Unternehmens erreichte 360.880 MWh, eine Verfünffachung im Jahresvergleich, was 18 % der Gesamtressourcen entspricht. Bemerkenswerte Verbesserungen umfassen eine 2%ige Verringerung der Treibhausgasemissionen und eine 9%ige Reduktion der Emissionsintensität.

Wichtige betriebliche Kennzahlen sind eine durchschnittliche jährliche Energieeffizienz (PUE) von 1,27 in stabilisierten Rechenzentren sowie eine landesweite Kundenzufriedenheitsrate von 99,63 %. Das im Oktober 2024 genehmigte Ulanqab IDC Campus-Projekt umfasst 200 MW Windenergie, 100 MW Solarenergie und 45 MW Energiespeicherkapazität.

VNET erhielt zahlreiche ESG-Auszeichnungen, darunter eine 'A'-Bewertung von MSCI zum dritten Mal in Folge, eine Punktzahl von 70 in der Bewertung von S&P Global (Top 7 % weltweit) und eine 'B'-Bewertung im CDP-Klimawandel-Fragebogen.

Positive
  • Renewable energy usage increased fivefold to 360,880 MWh (18% of total resources)
  • Greenhouse gas emissions decreased by 2% with 9% reduction in emission intensity
  • Achieved high operational efficiency with 1.27 PUE at stabilized data centers
  • 99.63% nationwide customer satisfaction rate
  • Received top-tier ESG ratings from major institutions
Negative
  • Renewable energy still only accounts for 18% of total energy consumption

BEIJING, April 28, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced it has published its 2024 Environmental, Social and Governance Report (the "2024 ESG Report"). This is VNET's fifth ESG report, highlighting the Company's 2024 efforts and achievements in environmental practices, digital empowerment, ethical governance, and social responsibility.

"As an integral element of VNET's long-term strategy for sustainable growth, our 2024 ESG initiatives drove measurable advancements in our pursuit of a greener future," Josh Sheng Chen, Founder, Executive Chairperson, and interim Chief Executive Officer of VNET. "Upgrades to our 'SHIELD' (Society, Human, Innovation, Environment, Leadership, Development) sustainability system broadened stakeholder coverage and amplified our impact, reinforcing our position as an industry leader in sustainability. Heading into 2025, we will remain committed to integrating ESG best practices across our business, facilitating the development of China's green, digital economy while creating sustainable value for all stakeholders."

2024 ESG Report Highlights:

  • Total energy from renewable sources reached 360,880 MWh, marking a fivefold increase year over year and accounting for 18% of total resources utilized by VNET.
  • Greenhouse gas emissions (scope 1 and 2) decreased by 2%, and emission intensity decreased by 9% year over year.
  • The average annual power usage effectiveness (PUE) was 1.27 at VNET's data centers with stabilized operations in 2024.
  • The integrated source-grid-load-storage project in Ulanqab IDC Campus gained approval in October 2024, featuring 200MW wind power generation, 100MW solar power generation, and 45MW energy storage facility.
  • Obtained Information Technology Service Management System (ISO/IEC 20000) and Information Security Management System (ISO/IEC 27001) certifications, covering all business lines.
  • Achieved 100% coverage of anti-corruption training for directors and employees.
  • Nationwide customer satisfaction rate reached 99.63%.
  • Increased the percentage of female employees in management positions to 33%.
  • Ongoing recognition from global leading ESG rating institutions: (i) Received an "A" rating from MSCI for the third consecutive year, the highest ranking awarded to date in China's Internet Service & Infrastructure industry; (ii) Scored record high of 70 in the 2024 S&P Global Corporate Sustainability Assessment, ranking among the top 7% of the IT Services industry globally and earning inclusion in the S&P Global Sustainability Yearbook; (iii) Awarded a "B" rating on the 2024 CDP Climate Change Questionnaire, with eight out of 16 categories achieving A-grade recognition; (iv) Rated as low risk by Sustainalytics in ESG Risk Rating.

To view the full 2024 ESG Report, please visit the Company's Investor Relations website at https://ir.vnet.com/ or access the report directly at https://www.vnet.com/en/esg.html.

About VNET

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "target," "believes," "estimates" and similar statements. Among other things, quotations from management in this announcement as well as VNET's strategic and operational plans, contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET's goals and strategies; VNET's liquidity conditions; VNET's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET's services; VNET's expectations regarding keeping and strengthening its relationships with customers; VNET's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET's reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contact:

Xinyuan Liu       
Tel: +86 10 8456 2121     
Email: ir@vnet.com

Cision View original content:https://www.prnewswire.com/news-releases/vnet-publishes-2024-environmental-social-and-governance-report-302439410.html

SOURCE VNET Group, Inc.

FAQ

What renewable energy achievements did VNET (NASDAQ: VNET) report in 2024?

VNET reported 360,880 MWh of renewable energy usage in 2024, a fivefold increase year-over-year, representing 18% of total resources. They also achieved a 2% decrease in greenhouse gas emissions and 9% reduction in emission intensity.

What is the power usage effectiveness (PUE) of VNET's data centers in 2024?

VNET's data centers with stabilized operations achieved an average annual power usage effectiveness (PUE) of 1.27 in 2024.

What are the specifications of VNET's Ulanqab IDC Campus renewable energy project?

The Ulanqab IDC Campus project, approved in October 2024, includes 200MW wind power generation, 100MW solar power generation, and a 45MW energy storage facility.

What ESG ratings did VNET receive in 2024?

VNET received an 'A' rating from MSCI (third consecutive year), scored 70 in S&P Global's assessment (top 7% globally), earned a 'B' rating on CDP's Climate Change Questionnaire, and was rated low risk by Sustainalytics.
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