#China #Beijing #VNET Group #MSCI #ESG Ratings

VNET Group Excels in ESG Ratings for Sustainability

VNET Group, Inc. (Nasdaq: VNET), recognized as a prominent provider of cloud-neutral internet data center services in China, has once again secured remarkable ESG ratings from leading firms MSCI and S&P Global. With this accomplishment, VNET has demonstrated unwavering dedication to sustainable growth and environmental stewardship.

The company has achieved an ESG rating of 'A' from MSCI for the third consecutive year. This reflects their improved practices in various sectors, including clean technology innovations, human capital development, and data privacy. VNET now stands out with the leading ESG rating in China's Internet Services Infrastructure industry.

In the recent 2024 S&P Global Corporate Sustainability Assessment (CSA), VNET's score surged by 17 points, reaching a total of 70. This impressive rating indicates VNET's exceptional management of energy practices, data center efficiency, utilization of renewable energy sources, and risk management concerning climate change. VNET has also been recognized for high scores in areas such as occupational safety and health, customer relations, and stringent IT security protocols. Notably, the company's CSA score places it in the top 5% of the global IT services sector, reinforcing its leadership role in China's IT services landscape.

Josh Sheng Chen, the Founder and Executive Chairperson of VNET, emphasized the critical role that ESG factors play in the company’s growth trajectory. He stated, “At VNET, ESG is central to our vision for sustainable development. We take immense pride in receiving recognition for our efforts across key ESG sectors: Society, Human, Innovation, Environment, Leadership, and Development. We are committed to further enhancing our investments in a low-carbon digital economy and promoting green innovation that will create enduring value for all stakeholders.”

The leadership team at VNET recognizes that sustainable practices are not only advantageous for the environment but are also integral to driving long-term business resilience and growth. The company's dedication to ESG initiatives underpins its strategic operations, which aim to balance economic performance with social and environmental responsibilities.

MSCI is acknowledged as the forefront provider of ESG indices worldwide, serving to analyze how effectively companies manage long-term, financially relevant ESG risks. Meanwhile, the S&P Global CSA is a prestigious annual assessment that evaluates corporate sustainability practices across more than 13,000 companies globally, providing invaluable insights for investors looking to make decisions based on ESG-related metrics.

VNET Group remains at the forefront of technology and sustainability, offering a wide array of services that include internet data center hosting, cloud solutions, and business VPN services. The company aims to enhance the reliability, security, and speed of internet infrastructures for a diverse clientele, which consists of over 7,000 companies spanning from governmental entities to sizeable firms, plus small and medium-sized enterprises.

In summary, VNET’s latest accomplishments in earning top ESG ratings from MSCI and S&P Global underscore its commitment to a sustainable future and continued innovation in the technology landscape. As the demand for environmentally responsible business practices grows, VNET’s leadership in these areas will be crucial in shaping a greener digital transformation in the industry. The company is poised to set a benchmark for others, illustrating how effective ESG implementations can create profound benefits for the organization and the planet alike.