BEIJING, Dec. 13,
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
outstanding 2024 ESG performance received high marks from leading
ESG rating institutions MSCI and S&P Global. This global
recognition highlights the Company's industry-wide ESG leadership
and unwavering commitment to sustainable development, carbon
neutrality, and green transformation.
VNET received an ESG rating of A from MSCI for the third
consecutive year, with enhanced performance across opportunities in
clean tech, human capital development, and privacy & data
security. The Company's ESG rating holds the leading position in
China's Internet Services &
Infrastructure industry.
In addition, VNET's score in the 2024 S&P Global Corporate
Sustainability Assessment (CSA) rose 17 points over the last year
to 70, with full marks across energy management programs, data
center efficiency, the share of renewable energy in data centers,
climate risk management, occupational safety and health (OHS)
programs, customer relations, and IT security/cybersecurity
measures. To date, VNET's S&P Global CSA score ranks in the top
5% of the IT services industry globally and maintains the highest
position within China's IT
services sector for the third consecutive year.
"At VNET, ESG plays a pivotal role in our vision for sustainable
growth," commented Josh Sheng Chen,
Founder, Executive Chairperson, and interim Chief Executive Officer
of VNET. "We are delighted to see our progress across our key ESG
segments, Society, Human, Innovation, Environment, Leadership, and
Development, once again win recognition from leading global ESG
rating institutions. Going forward, we will deepen our commitment
to building a low-carbon digital future, advancing the development
of the green economy while creating long-term and sustainable value
for all of our stakeholders."
MSCI Inc. is the world's leading provider of ESG indices,
measuring enterprises' resilience to long-term, financially
relevant ESG risks. The S&P Global CSA is a world-renowned
annual evaluation of enterprises' sustainability practices,
covering over 13,000 companies globally. Both serve as important
tools in helping investors assess and benchmark companies' ESG
investment performance, enabling them to make informed investment
decisions.
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, including the plan
to operate the Assets under the pre-REITs project, 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
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SOURCE VNET Group, Inc.