VNET Publishes 2024 Environmental, Social and Governance Report

Core Viewpoint - VNET Group, Inc. has published its 2024 Environmental, Social and Governance (ESG) Report, showcasing its commitment to sustainability and social responsibility as part of its long-term growth strategy [1][2]. Group 1: ESG Initiatives and Achievements - The 2024 ESG initiatives led to significant advancements in sustainability, with a fivefold increase in total energy from renewable sources, reaching 360,880 MWh, which accounts for 18% of total resources utilized by VNET [7]. - Greenhouse gas emissions (scope 1 and 2) decreased by 2%, and emission intensity decreased by 9% year over year [7]. - The average annual power usage effectiveness (PUE) at VNET's data centers was recorded at 1.27 for stabilized operations in 2024 [7]. - VNET received multiple recognitions from global ESG rating institutions, including an "A" rating from MSCI for the third consecutive year and a record high score of 70 in the 2024 S&P Global Corporate Sustainability Assessment, ranking among the top 7% of the IT Services industry globally [7]. Group 2: Social Responsibility and Governance - The company achieved 100% coverage of anti-corruption training for directors and employees, reflecting its commitment to ethical governance [7]. - The percentage of female employees in management positions increased to 33%, indicating progress in diversity and inclusion [7]. - VNET's nationwide customer satisfaction rate reached 99.63%, demonstrating strong customer engagement and service quality [7]. Group 3: Future Commitment - VNET plans to continue integrating ESG best practices across its business to support the development of China's green, digital economy while creating sustainable value for all stakeholders [2].