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Kuaishou's MSCI ESG Rating Upgraded to "A," Highlighting Outstanding Achievements in Sustainable Development
Friday, March 14, 2025
HONG KONG, March 4, 2025 /PRNewswire/ -- Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, is pleased to announce today that MSCI, a leading international ESG (Environmental, Social, and Governance) rating agency, recently upgraded the Company's ESG rating from "BBB" to "A." This elevated rating places Kuaishou among the top performers among its peers. In 2023 and 2024, Kuaishou also participated in the CDP (Carbon Disclosure Project) climate disclosure initiative and earned a "B" rating on the CDP climate change questionnaire, demonstrating its dedication to and outstanding performance in addressing climate change. Guided by its mission of "connecting goodwill through technology to create long-term value," Kuaishou continues to integrate ESG principles into its operations. The Company's upgraded MSCI ESG rating not only affirms its long-term commitment to sustainable development practices, but also underscores its sense of responsibility and proactive efforts within the industry.
I. Industry-Leading Green Operations and Low-Carbon Development
Kuaishou has actively responded to China's "Dual Carbon" strategy, embedding sustainability across its operations. In its data center operations, the Company's self-developed technologies, such as water-free integrated fluoro-pump air conditioning and plate liquid cooling systems, significantly reduce energy consumption and carbon emissions. By consistently expanding the scale of its green electricity transactions and purchasing of green power certificates, Kuaishou also continues to increase the proportion of renewable energy electricity used in its self-built data center. In Kuaishou's office workplace operations, initiatives like the "IT Equipment Repurchase Program," smart conference room upgrades, and green building certifications further solidify its low-carbon operational framework, setting benchmarks for industry-wide sustainability.
II. Fortifying Trust with Data Security and Privacy Protection
As a content platform with over 700 million users, Kuaishou prioritizes data security and privacy protection. The Company has obtained multiple international certifications, including ISO 27001 Information Security Management System, ISO 27701 Privacy Information Management System, and ISO 27017 Cloud Service Information Security Management System, covering 100% of its business scope. Kuaishou conducts data security and privacy protection training for all employees (including new employees, contract workers and interns) every year to safeguard its users' and partners' data. Meanwhile, Kuaishou actively participates in the formulation of international standards, national standards, and industry standards in the fields of personal information protection and data security, promoting the overall improvement of data security in the industry.
III. Employee Growth and Diversified Development Driving Corporate Advancement
Kuaishou emphasizes employee growth and diversified development in its efforts to create an equal and inclusive working environment. The Company offers a comprehensive training system and various career development pathways to help employees enhance their professional skills. Kuaishou's internal learning platform, "Kuaishou Middle School," offers nearly 5,000 courses covering technology R&D, product operations, and management skills, catering to diverse learning needs. In addition, Kuaishou also supports employee well-being and fosters a sense of belonging and loyalty by providing benefits such as health check-ups and mental health assistance.
IV. Fulfilling Corporate Social Responsibilities through Public Welfare Actions
Kuaishou deeply integrates social responsibility into its corporate DNA, leveraging its platform to support public welfare initiatives. From rural revitalization and educational equity to helping vulnerable groups and protecting minors, the Company employs innovative models to efficiently coordinate social resources. Its public welfare ecosystem empowers thousands of entrepreneurs and rural women, enhances public literacy through digital tools and promotes sustainable community development. According to the latest disclosure, Kuaishou Public Welfare's cumulative donations to date exceed RMB200 million, and its platform has created over 30 million job opportunities. Kuaishou has proven that commercial value and social value can be deeply integrated, setting a "technology for good" industry benchmark.
V. Governance Structure and Business Ethics Anchoring Growth
As the highest governance body for its ESG, the Company's Board of Directors has established an ESG Working Group under the Corporate Governance Committee to coordinate and promote the implementation of ESG initiatives across functional departments. Simultaneously, Kuaishou strictly adheres to the highest business ethical standards and resolutely opposes corruption, money laundering, monopolistic practices, and other illegal and criminal activities. The Company also ensures compliance and transparency across its operations through a robust internal system and supervision mechanism.
MSCI's upgrade of Kuaishou's ESG rating to "A" stands as yet another testament to Kuaishou's impactful ESG initiatives following its receipt of the "2024 Environmental, Social and Governance Excellence Award" (New Listed Company Category). These honors commend both the Company's past efforts and its future sustainable development path. Moving forward, Kuaishou will continue to uphold ESG principles, expand its green operations, strengthen data security, promote employee growth, and fulfill its social responsibilities to drive high-quality growth and create enduring societal value.
About Kuaishou
Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou's platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more.
Forward-Looking Statements
Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.
For investor and media inquiries, please contact:
Kuaishou Technology
Investor Relations
Email: ir@kuaishou.com
View original content:https://www.prnewswire.com/news-releases/kuaishous-msci-esg-rating-upgraded-to-a-highlighting-outstanding-achievements-in-sustainable-development-302392611.html
SOURCE Kuaishou Technology
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