REDWOOD
CITY, Calif., April 29,
2024 /PRNewswire/ -- Equinix, Inc. (Nasdaq:
EQIX), the world's digital infrastructure company®,
has released its 2023 Integrated Sustainability
Report reflecting progress towards its environmental, social
and governance (ESG) goals. Equinix's approach to sustainability is
rooted in ambitious targets, transparency in reporting progress,
upholding ethical principles and integrity, and actively
collaborating with stakeholders to foster transformative
change.
The world's digital economy is generating larger volumes of data
across sectors like healthcare, finance and manufacturing,
resulting in increasingly complex data sets that necessitate
higher-performance computing, increased power demands, and a
greater focus on global accessibility and enhanced security
measures. The data center industry is under pressure to deliver
unprecedented levels of performance while minimizing its
environmental impact. Equinix is addressing these ever-increasing
demands with a commitment to sustainability-guided innovation,
improving efficiency, increasing its use of renewable energy,
optimizing performance in its supply chain, and reducing emissions.
At the same time, Equinix continues to nurture an inclusive culture
and workforce.
"The advancements in the digital world are quickly outpacing the
world's existing power grids required to support it," stated
Christopher Wellise, VP of
Sustainability, Equinix. "We need to remain focused on delivering
the digital infrastructure to meet the demands of society while not
compromising sustainability goals. As the world's digital
infrastructure company, Equinix views every aspect of its
operations through the lens of sustainability. If we expect digital
infrastructure to continue to meet performance expectations of
rapidly evolving technologies such as AI, we should not compromise
sustainability in the process."
Equinix continues to make meaningful progress toward its
long-term goal to achieve 100% renewable energy coverage by 2030.
For 2023, it maintained 96% renewable energy coverage across its
portfolio, marking the sixth consecutive year of greater than 90%
renewable energy coverage across its global footprint. It also
remains highly focused on improving the energy efficiency of its
facilities as measured by power usage effectiveness (PUE), which
improved 8%+ compared to the prior year. In addition, Equinix was
recognized for its climate performance and transparency in 2023 by
achieving the highest ranking of the CDP's prestigious Climate
Change A List for the second consecutive year. Of 23,000+ companies
that disclosed environmental data to CDP in 2023, less than 2%
received the top score.
Additional highlights of the report include:
Environment
- Reduced Scope 1/Scope 2 operational emissions 24% from the
company's 2019 baseline, furthering progress toward its goal of
cutting that baseline number in half by 2030
- US$4.9 billion in green bonds
issued and fully allocated to date, resulting in annual energy
savings of ~1,800 GWh and annual avoided emissions of over 669,000
mtCO2
- Signed 15 wind and solar power purchase agreements (PPAs)
across the European Union, bringing Equinix's global facilities to
over 1 GW or approximately 25% PPA coverage once operational
Social
- Provided funding through the Equinix Foundation to 47
organizations focused on progressing digital inclusion, from
providing access to technology and connectivity to developing the
skills required for technology careers
- Continued progress toward the company's aspirational five-year
diversity goals, including a 17% increase in the number of women
employees globally as well as a 14% increase in Black/African
American employees in the U.S. in the last year
- Achieved an 11% year-over-year increase in employee volunteer
hours globally, tracking 25,300 employee volunteer hours across the
regions
- Donated over US$1.9 million from
employee donations and company match, benefitting more than 1,600
charities globally
Governance
- Became a founding member of the Asia-Pacific Data Center
Association
- Recognized for the third year in a row by the CDP for its
supplier engagement practices, with 25% of Equinix's Qualified
Scope 3 emissions covered by supplier-set science-based
targets
- Conducted its first supply chain-facing Human Rights Impact
Assessment to identify inherent and potential risks across the
supply chain
- Achieved a decade of 100% completion of employee ethics and
compliance trainings
Additional Resources
- 2023 Equinix Sustainability Report and Global Reporting
Initiative (GRI) Metrics [report]
- How We Worked to Build a Better Future in 2023 [blog]
About Equinix
Equinix (Nasdaq: EQIX) is the world's digital infrastructure
company®. Digital leaders harness Equinix's trusted
platform to bring together and interconnect foundational
infrastructure at software speed. Equinix enables organizations to
access all the right places, partners and possibilities to scale
with agility, speed the launch of digital services, deliver
world-class experiences and multiply their value, while supporting
their sustainability goals.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ
materially from expectations discussed in such forward-looking
statements. Factors that might cause such differences include, but
are not limited to, risks to our business and operating results
related to the current inflationary environment; foreign currency
exchange rate fluctuations; increased costs to procure power and
the general volatility in the global energy market; the challenges
of acquiring, operating and constructing IBX® and
xScale® data centers and developing, deploying and
delivering Equinix products and solutions; unanticipated costs or
difficulties relating to the integration of companies we have
acquired or will acquire into Equinix; a failure to receive
significant revenues from customers in recently built out or
acquired data centers; failure to complete any financing
arrangements contemplated from time to time; competition from
existing and new competitors; the ability to generate sufficient
cash flow or otherwise obtain funds to repay new or outstanding
indebtedness; the loss or decline in business from our key
customers; risks related to our taxation as a REIT and other risks
described from time to time in Equinix filings with the Securities
and Exchange Commission. In particular, see recent and upcoming
Equinix quarterly and annual reports filed with the Securities and
Exchange Commission, copies of which are available upon request
from Equinix. Equinix does not assume any obligation to update the
forward-looking information contained in this press
release.
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SOURCE Equinix, Inc.