Equinix Releases Annual Sustainability Report, Highlighting Advancements in Environmental, Social and Governance (ESG) Goals

Equinix Releases Annual Sustainability Report, Highlighting Advancements in Environmental, Social and Governance (ESG) Goals

Apr 29, 2024 by PR Newswire

Key Facts

  • 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.
  • 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®.
  • 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.
  • 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.

Click To Read Full Article

PERSON
MONEY
PERCENT
GROUP
ORGANIZATION
GEOGRAPHY
MISCELLANEOUS

This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2021 Kwhen Inc.

Was this content valuable for you?