GDS Holdings Limited Released Its 2024 ESG Report, Records Renewable Usage Rate of 40%

GDS Holdings Limited (NASDAQ:GDS) is one of the Best Information Technology Services Stocks to Invest In. On July 29, GDS Holdings Limited (NASDAQ:GDS) released its 2024 Environmental, Social and Governance (ESG) report.

In 2024, GDS Holdings Limited recorded a renewable usage rate of 40% through its renewable energy transition strategy. Almost 64% of the company’s renewable usage came from purchased green power, reflecting over a 100% increase compared to 2023. 87% of GDS’ self-developed data centers are designed, constructed, and operated under green building standards. The company now has 42 data centers certified as green data centers. The company also improved its average Power Usage Effectiveness (PUE) from 1.28 in 2023 to 1.24 in 2024.

GDS Holdings Limited Released Its 2024 ESG Report, Records Renewable Usage Rate of 40%

A data center with a repetetive design of computer servers, showing the companies’ efficient and secure IT infrastructure.

“Over the past year, we have continued to drive forward on our path to carbon neutrality by 2030. By integrating sustainability into our core activities, we ensure that our approach not only enhances operational excellence but also upholds responsible corporate governance. I am excited about the future we are forging, and am confident that our innovative practices will foster enduring growth for our Company and continue to lead our industry forward,” said Mr. William Huang, Chairman and CEO of GDS.

The ESG initiatives have helped GDS to notably reduce its carbon intensity, resulting in a 15.8% decrease compared to 2023.

GDS Holdings Limited (NASDAQ:GDS) is a holding company in the IT services and consulting sector. The company is mainly engaged in the development and operation of high-performance data centers.

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Disclosure: None. This article is originally published at Insider Monkey.