BEIJING, April 26,
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 it has published
its 2023 Environmental, Social and Governance Report (the "2023 ESG
Report"), detailing the Company's 2023 endeavors and progress in
sustainability, green business practices, ethical governance,
digital empowerment, and social responsibility.
"ESG is a life-long journey, and I am proud of the foundation
VNET has built since inception to
support our sustainable development," said Josh Sheng Chen,
Founder, Co-chairperson and interim Chief Executive Officer of
VNET. "In 2023, we continued to execute our "SHIELD" (Social, Human, Innovation, Environment,
Leadership, Development) sustainability system and achieved various
goals across occupational health and safety, information security
and customer services. Our outstanding ESG performance once again
earned us broad recognition and top ratings from globally-leading
ESG rating agencies. Moving forward, we will remain dedicated to
integrating ESG best practices company-wide, advancing the
coordinated development of the green economy and the digital
economy, driving sustainability and creating value for our
stakeholders and our society."
Key highlights from VNET's 2023 ESG Report:
- The Report outlines VNET's next 25-year entrepreneurial mission
and goal: bring green direct-current electricity from data centers
to millions of households.
- The average annual power usage effectiveness (PUE) was 1.29 at
VNET's data centers with stabilized operations in 2023.
- Participated in multi-region green power trading and purchased
about 56.90 million kWh of green power in 2023.
- Obtained 10 green data center certifications in total.
- Achieved zero major IDC operational disruptions and network
outages.
- Achieved 100% coverage of information security training for
employees.
- Co-built the "AGI Hub" with DINGHAO DH3.
- Passed Anti-bribery Management Systems (ISO 37001)
certification.
- Increased the percentage of female employees in management
positions to 31%.
- ESG rating update: (i) Received an "A" rating from MSCI for the
second consecutive year, the highest ranking awarded to date in
China's Internet Service &
Infrastructure industry; (ii) Scored 53 in the 2023 S&P Global
Corporate Sustainability Assessment, ranking the highest among
China's IT Services industry and
in the top 11% in the industry globally; (iii) Awarded a "B" rating
on the 2023 CDP Climate Change Questionnaire, surpassing 94% of
participants from China.
To view the full 2023 ESG Report, please visit the Company's
Investor Relations website at https://ir.vnet.com/ or access
the report 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 7,500 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 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.
