BEIJING, Feb. 13,
2025 /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 the Company
secured a spot in the S&P Global Sustainability Yearbook 2025
(or "2025 Yearbook"), marking the Company's first inclusion in the
global edition following two consecutive years in the China edition. This recognition underscores
VNET's outstanding ESG performance and expanding global influence
in sustainable development.
The S&P Global Sustainability Yearbook 2025 showcases
companies that excel in sustainable development, as assessed by the
2024 S&P Global Corporate Sustainability Assessment (CSA). In
2024, 7,690 companies across 62 industries participated in the CSA
were considered for inclusion in the 2025 Yearbook, with 780 top
performers selected as Yearbook Members.
VNET earned its spot in the 2025 Yearbook with a score of 70 in
the 2024 CSA, a record-setting performance for the Company.
Notably, VNET is one of just 21 China mainland enterprises
recognized in the 2025 Yearbook and the sole honoree from
China's IT services
industry. To date, VNET's CSA score ranked in the top 7% of
the global IT services industry and attained the highest position
within China's IT services sector,
demonstrating the Company's industry leadership.
Josh Sheng Chen, Founder,
Executive Chairperson, and interim Chief Executive Officer of VNET,
commented, "VNET has been dedicated to integrating ESG best
practices throughout our operations since inception, and we are
thrilled to see our effective ESG strategy once again win
recognition by global ESG rating institutions. By leveraging
cutting-edge technologies such as liquid cooling and
source-grid-load-storage, we are advancing the development of
green, intelligent data centers and computing power
infrastructures, building a more sustainable future for the IT
industry. We view ESG as the cornerstone of our ongoing success,
and moving forward, sustainability will remain central to our
efforts to deliver long-term value to all our stakeholders."
In addition to this recognition by S&P Global, VNET has
received an ESG rating of A from MSCI, the world's leading provider
of ESG indices, for three consecutive years. The Company also
boasts a B rating of climate change from CDP, exceeding that of 94%
of participating companies in China, as well as a Low ESG Risk Rating from
Sustainalytics, a leading independent ESG and corporate governance
research, ratings and analytics firm.
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.