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Kingsoft Cloud Releases First Environmental, Social and Governance Report

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Kingsoft Cloud Holdings Limited (NASDAQ: KC) has released its inaugural Environmental, Social and Governance (ESG) Report within a year of its IPO in May 2020, showcasing its commitment to ESG values. The report aligns with Nasdaq's and Hong Kong Stock Exchange's ESG guidelines, highlighting the company's strengths and sustainable development opportunities across various areas, including data security, low-carbon operations, and business ethics. The company pledges to continue its efforts in societal development and environmental protection through innovative products and reduced carbon footprint.

Positive
  • First ESG Report published within a year of going public, indicating strong commitment to sustainability.
  • Highlights various strengths in sustainable development such as data security and low-carbon operations.
  • Demonstrates alignment with ESG guidelines from Nasdaq and Hong Kong Stock Exchange.
Negative
  • None.

BEIJING, April 22, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC) (“Kingsoft Cloud” or the “Company”), a leading independent cloud service provider in China, today announced that it has published its first Environmental, Social and Governance (ESG) Report (the “Report”). The Company delivered the Report within one year after it went public in May 2020, taking a leading position championing ESG values, which speaks to the great importance that the Company attaches to its ESG responsibility.

The Report refers both the ESG Reporting Guide 2.0 issued by the Nasdaq Stock Market and the ESG Reporting Guide consultation documents issued by the Hong Kong Stock Exchange. 

The Report identifies both strengths and opportunities for sustainable development, focusing on ESG topics, including privacy and data security, low-carbon operation, customer service, technological innovation, talent attraction, development and training, business ethics and anti-corruption, intellectual property rights protection and others. It provides an overview of the Company's ESG commitments, strategies and the solid progress made across all fronts in 2020.

Going forward, the Company will endeavor to contribute to the development of society and protection of environment by offering innovative products and services that leverage the cutting-edge technology, and actively addressing climate change by reducing its carbon footprint, all in an effort to contribute to the sustainable future of the planet.

To learn more about Kingsoft Cloud’ ESG efforts and to view the full report, please visit https://ir.ksyun.com/esg.

About Kingsoft Cloud Holdings Limited
Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading independent cloud service provider in China. Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud and enterprise cloud.

For more information, please visit: http://ir.ksyun.com.

For investor and media inquiries, please contact:
Kingsoft Cloud Holdings Limited
Nicole Shan
Tel: +86 (10) 6292-7777 Ext. 6300
Email: ksc-ir@kingsoft.com

Christensen
In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: Eyuan@christensenir.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: lbergkamp@christensenir.com


FAQ

When did Kingsoft Cloud publish its ESG Report?

Kingsoft Cloud published its ESG Report on April 22, 2021.

What are the key focuses of Kingsoft Cloud's ESG Report?

The report focuses on privacy and data security, low-carbon operations, technological innovation, and business ethics.

How does the ESG Report affect Kingsoft Cloud's stock performance?

The positive reception of the ESG Report may enhance investor confidence, potentially impacting stock performance favorably.

What commitment did Kingsoft Cloud make regarding future ESG initiatives?

Kingsoft Cloud committed to reducing its carbon footprint and developing innovative products for a sustainable future.

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