BEIJING, July 16,
2024 /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 that its exceptional
ESG (Environmental, Social, and Governance) performance was
highlighted in S&P Global's Sustainability Yearbook 2024
(China). Notably, VNET received
the highest S&P Global ESG score among its Chinese peers in the
IT services industry and was the industry's only participant to be
included in the Yearbook (China)
for two consecutive years.
The S&P Global Sustainability Yearbook aims to identify and
recognize companies across various industries that demonstrate
exceptional performance in sustainable development. This year,
S&P Global considered over 1,700 companies assessed in its 2023
Corporate Sustainability Assessment (CSA), one of the world's most
influential and credible sustainability assessment benchmarks.
Eventually, 129 companies were chosen for inclusion in the Yearbook
2024 (China). In the 2023 S&P
Global CSA, VNET ranked in the top 11% of the global IT services
industry. Notably, the Company outperformed industry averages
across key areas such as information security, cybersecurity and
system availability, environmental policy and management systems,
climate strategy, labor practice indicators, and customer
relationship management, among others.
Guided by its "SHIELD" sustainability system, VNET drives ESG
progress across six key areas, namely Social, Human, Innovation,
Environment, Leadership, and Development. With a focus on advancing
the coordinated development of the green economy and digital
economy, VNET aims to achieve operational carbon neutrality (Scope
1 and Scope 2) by 2030. The Company is also actively promoting the
green transformation of data centers through a variety of upgrades
that elevate data centers' efficiency and proportion of renewable
energy use. Moreover, the Company effectively capitalizes on the
opportunities presented by rising AI-driven demand, actively
developing next-generation computing power infrastructure to drive
high-quality business growth.
VNET has also established an ESG governance structure, with the
Board of Directors overseeing the Company's overall ESG direction
while the management team leads ESG strategy development. The
Company integrates its ESG management philosophy into key decisions
to propel its sustainable development. Additionally, as a member of
the United Nations Global Compact (UNGC), VNET is dedicated to
fostering a diverse, equitable and inclusive work environment for
its employees, suppliers and partners. It is committed to
delivering high-quality products and services, promoting innovation
and actively practicing corporate social responsibility.
As a standout among the thousands of companies assessed for the
CSA, VNET's recognition in the Sustainability Yearbook 2024
(China) further affirms the
strength and credibility of its ESG efforts. Going forward,
VNET will deepen its commitment to ESG, advancing its goal of
bringing green direct-current electricity from AIDC to millions of
households, nurturing a high-quality, low-carbon digital future
and delivering sustainable value to all stakeholders.
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 7,500 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 beliefs and expectations on the future performance of
VNET, 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
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SOURCE VNET Group, Inc.