REDWOOD CITY, Calif.,
June 16, 2021 /PRNewswire/
-- Equinix, Inc. (Nasdaq: EQIX), the world's digital
infrastructure company™, announced today that it is committed to
becoming climate-neutral and has set a science-based target (SBT)
for emissions reduction across its global operations and supply
chain by 2030. Aligned with the Paris Climate Agreement, this
commitment is a critical step to ensure that Equinix continues to
advance investments and innovations to reduce greenhouse gas
emissions and keep global warming to 1.5 degrees Celsius.
The expected impact of these sustainability efforts on the
broader digital ecosystem is sizable, and Equinix's many and
diverse customers are expected to benefit from the greening of
their digital supply chains. Equinix plans to remain committed to
engaging these stakeholders to drive transparency and impact.
The targets are supported by Equinix's leadership and strategies
across renewable energy, green finance, public policy advocacy, and
leading design and operations. Equinix's approved emissions
reduction target by the Science Based Target initiative (SBTi)
builds on the company's strong track record on sustainable growth
and innovation, including achieving over 90% renewable energy
coverage for its data centers from 2018 to 2020.
To date, Equinix has issued $3.7
billion in green bonds toward environmentally sustainable
projects across green buildings, renewable energy, energy and water
efficiency, waste and clean transportation. Equinix is a founding
member of the EU Climate Neutral Data Centre Operator Pact, as well
as a founding board member of the Renewable Energy Buyers Alliance
(REBA). The company is committed to designing and operating with an
environmental focus, and in 2020 invested $14 million to stand up a global Energy
Efficiency Center of Excellence dedicated to driving improved
efficiencies across its sites.
As part of its science-based target, Equinix is aiming to reduce
its Scope 1 and 2 emissions (direct and indirect from electricity)
by 50% by 2030 against a 2019 baseline. To achieve this goal,
Equinix is targeting to reach 100% renewable energy by 2030,
fulfilling its commitment to RE100. Additional carbon emission
reductions will be achieved through driving energy efficiency
savings, reducing refrigerant loss, phasing out high global warming
potential (GWP) refrigerants and investigating the replacement of
diesel generators with cleaner on-site generation technologies.
Equinix is also committing to partnering with top suppliers by
engaging with those responsible for 66% of Equinix's Purchased
Goods and Services and Capital Goods supplier-related emissions, to
set their own science-based targets by 2025. The company will also
address fuel- and energy-related activities (FERA) with the aim to
reduce the carbon associated with the delivery of power to its
sites by 50% by 2030.
Beyond achieving its science-based targets, Equinix aims to
reach climate-neutrality by 2030 across its Scope 1 and 2
emissions. The company plans to take advantage of select carbon
offsets and investigate new innovations, such as biodiesel, green
hydrogen and other lower carbon on-site generation
technologies.
Highlights/Key Facts
- In line with SBTi requirements, Equinix is aiming to make a 50%
absolute reduction in Scope 1 and 2 emissions from a 2019 base year
by 2030.
- Equinix will reach 100% renewable electricity by 2030 and
achieve its RE100 goal which was set in 2015.
- Equinix will require that 66% of its suppliers by
emissions—within the categories of Purchased Goods and Services and
Capital Goods—will have science-based targets by FY2025, and
Equinix will achieve a 50% absolute reduction in Scope 3 emissions
from fuel and energy-related activities by 2030.
- The company is also targeting 100% climate-neutrality across
Scope 1 and 2 emissions by 2030.
Quotes
Hriday Ravindranath, Global
CTIO, BT
"BT has been leading on climate action for almost three decades
and we've pledged to be a net-zero emissions business by 2045. We
were one of the first companies in the world to adopt science-based
targets and we're now using 100% renewable electricity worldwide.
We're delighted to see our partner Equinix, with whom we deliver
cloud solutions to multinational customers, announce their own
ambitious targets. Working together, we will achieve more."
Page Motes, Head of Global
Sustainability, Dell Technologies
"It takes collective action to make a global impact on climate
change, and Equinix's next step is an important one. Setting
science-based targets and reducing emissions across an
organization's entire footprint are critical to measurable progress
and align with our own climate strategy."
Jennifer Cooke, Research
Director, IDC
"Equinix is leading by example to help create a more sustainable
datacenter ecosystem. As illustrated by setting a science-based
target, the company continues to make significant investments and
progress in running highly efficient facilities and in buying
renewable energy to reduce its impact on the environment, while
demonstrating its commitment to transparency in reporting around
its operational footprint."
Michael Winterson, Chairman,
EUDCA
"Data centres are essential infrastructure of not only the
digital economy but of the entire global economy. We as an industry
have a duty to ensure we are constantly finding new sustainable
solutions to how we source and utilise energy, water, heat and
refrigerants. Equinix's commitment to sustainable innovation
in how they will achieve these Science Based Targets will
accelerate the industry's goals of offering climate-neutral
services to customers by 2030."
Heidi Huusko, Senior Manager,
United Nations Global Compact (UNGC), one of the Science Based
Targets initiative partners
"We congratulate Equinix on setting science-based targets
consistent with limiting warming to 1.5°C, the most ambitious goal
of the Paris Agreement. By setting ambitious science-based targets
grounded in climate science, Equinix is taking action to prevent
the most damaging effects of climate change."
Raouf Abdel, EVP Global
Operations, Equinix
"Digital infrastructure is the backbone of today's economy and
allows people to work and connect from anywhere and everywhere. We
share the urgency of governments, the industry, and our customers
that innovation and action are essential to ensure data centers are
more sustainable and reduce carbon emissions quickly to address the
impacts of global climate change. Our recent Global Tech Trends
survey illustrated this with an increase in demand for greater
transparency in IT infrastructure. We have seen this with the
over 100% increase in requests for our Green Power Reports (GPRs),
which empower customers to track progress against their own
sustainability goals and reporting efforts."
Additional Resources
- Interactive Sustainability Report (ISR) [website]
- IDC Equinix's Sustainability Progress [analyst
report]
About Equinix
Equinix (Nasdaq: EQIX) is the
world's digital infrastructure company, enabling digital leaders to
harness a trusted platform to bring together and interconnect the
foundational infrastructure that powers their success. Equinix
enables today's businesses to access all the right places, partners
and possibilities they need to accelerate advantage. With Equinix,
they can scale with agility, speed the launch of digital services,
deliver world-class experiences and multiply their value.
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, a failure to achieve
Equinix's targets and commitments related to climate and
sustainability, and other risks described from time to time in
Equinix filings with the Securities and Exchange Commission. In
particular, see recent 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.