VNET Group, Inc.
Industry Group: Software & Services
Country/Region: China
Identifier: NAS:VNET
VNET started as AsiaCloud in 1999, and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNETGroup in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, Huawei Cloud, and JD Cloud as customers. At end December 2022 it had 82,500 self-built cabinets with the majority in Beijing, Shanghai, and Greater Bay area. It also operated partnered data centers with around 4,820 cabinets and had 316 MW of wholesale capacity contracted or under a memorandum of understanding.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Software & Services 512 out of 1103
Universe
Global Universe 5678 out of 15518
What are the ESG Risk Ratings?
Notice: The information provided is for informational, non-commercial purposes only, does not constitute investment advice and is subject to conditions available in our Legal Disclaimer. Usage as a credit rating or as a benchmark is not permitted. Unless otherwise explicitly agreed in writing, usage for products and services, index creation, derivative work, portfolio or fund management, or any other usage are not permitted. By way of exception, usage is permitted only to the rated company, limited to a single reference of its own information in annual reporting and sustainability website, mentioning Sustainalytics as a source.
Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Sea Ltd. (Singapore) |
22.4
Medium
|
497 out of 1103 |
| VNET Group, Inc. |
22.5
Medium
|
512 out of 1103 |
| SixSigma Networks Mexico SA de CV |
22.7
Medium
|
530 out of 1103 |
| HeadHunter Group Plc |
23.4
Medium
|
605 out of 1103 |
For corporate professionals interested in direct competitor insights
Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. These insights can be used to identify areas of ESG improvement to help inform future management decisions that align with your organization's sustainability goals.
Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
How do the ESG Risk Ratings work?
Top Material ESG Issues for VNET Group, Inc.
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted VNET Group, Inc.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
