VNET Group Inc
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) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind VNET Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore VNET Group’s data sources below and access millions more through our Disclosure Search.
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). a
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. a b
VNET Group's Scope 1 Emissions Over Time
- 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 CO₂ equivalent (tCO₂e). a
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. a c
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. a b
What are VNET Group's Scope 2 emissions?
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
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. a
VNET Group's Scope 2 Emissions Over Time
- 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 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 chain a
VNET Group's Scope 3 Emissions Over Time
- 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 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
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. a c
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. a b
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. a
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: a
- Downstream Leased Assets (Cat. 13): 496,984.95 tCO₂e (60.97%)
- Fuel- and Energy-Related Services (Cat. 3): 169,718.35 tCO₂e (20.82%)
- Upstream Leased Assets (Cat. 8): 129,054.95 tCO₂e (15.83%)
VNET Group's Scope 3 Emissions by Categories
Insights into VNET Group’s GHG Emissions Intensity Compared to Industry Peers
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
VNET Group's Scope 1 Emissions Intensity Compared to Peers
How does VNET Group's GHG emissions intensity compare to its peers?
In 2023, VNET Group reported a Scope 1 emissions intensity of 26.74 tCO₂e per millions USD. Compared to the peer group median of 0.37 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does VNET Group rank on GHG emissions intensity within its industry?
In 2023, VNET Group ranked 18 out of 19 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
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 CO₂ equivalent (tCO₂e) 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. a b
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