In 2023, VNET Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
VNET Group has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 27,891.96a | N/A | N/A | |
Total Scope 2 | ||||
Market-Based | 1,017,756.53a | N/A | N/A | |
Location-Based | 1,064,264.59a | N/A | N/A | |
Total Scope 3 | 815,150.53a | N/A | 297,316.26b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 26.7409a | N/A | N/A |
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In 2023, the total operational greenhouse gas (GHG) emissions of VNET Group amounted to 1,092,156.55 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2021, the total operational greenhouse gas (GHG) emissions of VNET Group increased by ∞%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of VNET Group were 27,891.96 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, VNET Group's Scope 1 emissions have increased by 9,105.27%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
In 2023, VNET Group reported Scope 2 greenhouse gas (GHG) emissions of 1,017,756.53 tCO₂e using the market-based method and 1,064,264.59 tCO₂e using the location-based method.a
In 2023, VNET Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2023, VNET Group reported 815,150.53 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of VNET Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2021, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2023, VNET Group reported total Scope 3 emissions of 815,150.53 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 39.03% of these emissions originated from upstream activities such as purchased goods and capital goods, while 60.97% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, VNET Group's Scope 3 emissions have increased by 217,854.69%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2021), VNET Group's Scope 3 emissions increased by 174.17%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2023, VNET Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2023, the largest contributors to VNET Group's Scope 3 emissions were:a
In 2023, VNET Group reported Scope 1 greenhouse gas (GHG) emissions of 27,891.96 tCO₂e and total revenues of USD 1,043 millions. This translates into an emissions intensity of 26.74 tCO₂e per millions USD.a
In 2023, VNET Group reported a Scope 1 emissions intensity of 26.74 tCO₂e per millions USD. Compared to the peer group median of 0.66, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, VNET Group ranked 21 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places VNET Group among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2023, VNET Group reported a total carbon footprint of 1,907,307.08 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 541.51% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to VNET Group's total carbon footprint was Scope 2 emissions, accounting for 55.8% of the company's total carbon footprint, followed by Scope 3 emissions at 42.74%.a