VNET Group, Inc. announced that its 2024 ESG performance received high marks from leading ESG rating institutions MSCI and S&P Global for the third consecutive year. The company received an ESG rating of A from MSCI, demonstrating enhanced performance across opportunities in clean tech, human capital development, and privacy & data security. This rating positions VNET as a leader in China's Internet Services & Infrastructure industry.
Additionally, VNET's score in the 2024 S&P Global Corporate Sustainability Assessment (CSA) increased by 17 points over the last year, reaching 70. The company achieved full marks across several critical areas, including energy management programs, data center efficiency, the share of renewable energy in data centers, climate risk management, and IT security/cybersecurity measures. This score ranks VNET in the top 5% of the IT services industry globally and maintains its highest position within China's IT services sector.
These consistent industry-leading ESG ratings underscore VNET's unwavering commitment to sustainable development, carbon neutrality, and green transformation. Such recognition is crucial for investors assessing and benchmarking companies' ESG investment performance, signaling VNET's dedication to building a low-carbon digital future and creating long-term sustainable value for its stakeholders.
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