VNET Group Inc

Common Name
VNET Group
Country
China (Mainland)
Sector
Technology
Industry
Information Technology Services
Employees
2,581
Ticker
VNET
Exchange
NASDAQ/NGS
Description
Vnet Group Inc. operates as a leading internet data center services provider, primarily serving the high-demand Chinese market. The company specializes in the design, management, and operation of data...

VNET Group's GHG Emissions Data Preview

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into VNET Group's Operational Emissions

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).

Compared to 2021, the total operational greenhouse gas (GHG) emissions of VNET Group increased by 58.43%, suggesting that the company faced challenges in reducing its emissions from its core operations.

VNET Group's Scope 1 Emissions Over Time

20202021202307 k14 k21 k28 ktCO2e+6062%+49%
  • Total Scope 1
  • Year-over-Year Change

What are VNET Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of VNET Group were 27,891.96 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has VNET Group reduced its Scope 1 emissions over time?

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.

Compared to the previous year (2021), VNET Group's Scope 1 emissions increased by 49.38%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are VNET Group's Scope 2 emissions?

In 2023, VNET Group reported Scope 2 greenhouse gas (GHG) emissions of 1,017,756.53 tCOâ‚‚e using the market-based method, and 1,064,264.59 tCOâ‚‚e using the location-based method.

What methodology does VNET Group use for Scope 2 reporting?

In 2023, VNET Group reported its Scope 2 emissions using the market-based method and using the location-based method.

VNET Group's Scope 2 Emissions Over Time

2020202120230300 k600 k900 k1.2 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into VNET Group's Value Chain Emissions

In 2023, VNET Group reported 815,150.53 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

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 chain

VNET Group's Scope 3 Emissions Over Time

2020202120230250 k500 k750 k1 MtCO2e+79396%+174%
  • Total Scope 3
  • Year-over-Year Change

What are VNET Group's Scope 3 emissions?

In 2023, VNET Group reported total Scope 3 emissions of 815,150.53 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has VNET Group reduced its Scope 3 emissions over time?

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.

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.

What categories of Scope 3 emissions does VNET Group disclose?

In 2023, VNET Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of VNET Group's Scope 3 emissions?

In 2023, the largest contributors to VNET Group's Scope 3 emissions were:

  • Downstream Leased Assets (Cat. 13): 496,984.95 tCOâ‚‚e (60.97%)
  • Fuel- and Energy-Related Services (Cat. 3): 169,718.35 tCOâ‚‚e (20.82%)
  • Upstream Leased Assets (Cat. 8): 129,054.95 tCOâ‚‚e (15.83%)

VNET Group's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(20.8%)Upstream LeasedAssets (Cat. 8)(15.8%)Downstream LeasedAssets (Cat. 13)(61.0%)

Insights into VNET Group's Total Carbon Footprint

In 2023, VNET Group reported a total carbon footprint of 1,907,307.08 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 93.31% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.

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%.