GDS Holdings Unveils 2024 ESG Report Highlighting Achievements
GDS Holdings Unveils 2024 ESG Report Highlighting Achievements
GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a prominent developer and operator of high-performance data centers, recently announced the release of its 2024 Environmental, Social and Governance (ESG) report. This report showcases the Company’s commitment to sustainability and its notable performance in ESG initiatives.
Significant Achievements in Renewable Energy
In 2024, GDS reached a commendable renewable energy usage rate of 40%, marking a significant stride in their renewable energy transition strategy. The impressive figure indicates an increase, with 64% of this renewable energy coming from directly purchased green power, representing an astonishing 100% rise from the previous year. Furthermore, the environmental commitment is highlighted by the fact that 87% of self-developed data centers are not only designed but also constructed and operated to meet rigorous green building standards, securing certification for 42 of these data centers.
Improved Energy Efficiency Metrics
Alongside the renewable energy figures, GDS has made enhancements in operational efficiencies. Their average Power Usage Effectiveness (PUE) has improved from 1.28 in 2023 to 1.24 in the current year. This upgrade reflects GDS's dedication to minimizing energy consumption, leading to a notable reduction in carbon intensity. The current metrics reveal a 15.8% decrease compared to the previous year, showcasing GDS's effective strategy in driving down emissions.
Recognition Through ESG Ratings
The Company has also made significant strides in the assessment of its ESG practices. GDS has obtained accolades with an upgrade in its MSCI ESG rating from BBB to A, indicating a robust commitment to environmental responsibility. Additionally, GDS scored a B rating in its inaugural CDP assessment and was featured in the S&P CSA Rating 2024 Yearbook, recognizing its leadership in ESG compliance.
Unique Greenhouse Gas Assessment Credentials
In collaboration with Moody’s Rating, GDS has successfully achieved the NZA-2 (Net Zero Assessment) rating. This remarkable accomplishment validates the Company’s efforts in managing greenhouse gas ambitions, implementations, and governance. This unique recognition positions GDS as the only data center company to achieve this certification globally, further underscoring its commitment to enhancing stakeholder trust and managing climate risks effectively.
Commitment to Carbon Neutrality by 2030
Speaking about these milestones, Mr. William Huang, Chairman and CEO of GDS, stated, “We are steadfast in our journey towards carbon neutrality by 2030. GDS is transforming into a green intelligent infrastructure platform, paving the way for a sustainable future.” His words encapsulate GDS’s broad strategy that intertwines ESG principles into every aspect of its operations, ensuring that the approach is not only beneficial for operational excellence but also aligns with responsible corporate governance.
About GDS Holdings Limited
GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is notable for being a leading developer and operator of high-performance data centers in the region. Its facilities are strategically positioned in key economic hubs, allowing for efficient data center services tailored to meet high-demand requirements. With an extensive net floor area, high power capacity, and efficient redundancy across critical systems, GDS remains a carrier and cloud-neutral company, offering clients access to major telecommunications networks and public clouds.
Through managed hybrid cloud services and other value-added services, GDS has built a reputation over 24 years of delivering high-quality services. Their client base consists of notable hyperscale cloud service providers, internet companies, and various corporations requiring exceptional data center services. The Company also holds a significant equity interest in DayOne Data Centers Limited, enhancing its reach in international markets.
Frequently Asked Questions
What does GDS's 2024 ESG report focus on?
The report highlights GDS's sustainability initiatives, achievements in renewable energy, improved efficiency metrics, and significant ESG ratings.
What is the renewable energy usage rate achieved by GDS?
GDS achieved a renewable energy usage rate of 40% in 2024, with over 64% sourced from green power purchases.
How has GDS performed in terms of energy efficiency metrics?
GDS has improved its average Power Usage Effectiveness (PUE) from 1.28 to 1.24, indicating better energy efficiency in operations.
What notable ESG rating has GDS received?
GDS's MSCI ESG rating has been upgraded from BBB to A, reflecting its enhanced commitment to sustainable practices.
What future goals does GDS have regarding carbon neutrality?
GDS aims to achieve carbon neutrality by 2030 as part of its ongoing sustainability initiatives and strategic objectives.
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