Equinix Issues More Than $750 Million in Green Bonds to Drive Sustainability Initiatives
"Green bonds serve as a valuable means to secure funding and support significant initiatives that enhance the sustainability of our operations," explains
Highlights/Key Facts
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Equinix's Eligible Green Projects follow its 2024 Green Finance Framework based on the Green Bond Principles ofJune 2021 and Green Loan Principles ofFebruary 2023 , a set of guidelines that promote transparency and integrity in, and advance the standardization of, green debt disclosures. The Framework aims to increaseEquinix's focus on protecting the environment and addressing global climate change through greenhouse gas emissions reductions, increasing resource efficiency and driving corporate transparency and accountability. -
Equinix had previously issued an aggregate of$4.9 billion of investment-grade green bonds under its 2020 Green Finance Framework to advance its progress toward its near-term science-based target to become climate neutral by 2030 and improve the operational eco-efficiency of its business. As of the end ofJune 2023 ,Equinix had fully allocated the proceeds from these green bonds in accordance with the 2020 Green Finance Framework. - Globally,
Equinix continues to invest in new and innovative technologies in energy efficiency, renewable energy and heat export projects as part of its global Future First sustainability strategy, focusing on areas that have the greatest impact on customers and key stakeholders.- In 2023, it maintained 96% renewable energy coverage across its portfolio. 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.
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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.
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Equinix continues to advance its green initiatives through its participation as a founding signatory of the Climate Neutral Data Centre Operator Pact and Self-Regulatory Initiative, which is leading advocacy and steering the development of sustainability requirements for the EU data center industry to become climate neutral by 2030.
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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. These forward-looking statements include, but are not limited to, statements about our intent to allocate an amount equal to the net proceeds from the green bonds to finance, or refinance, a portfolio of Eligible Green Projects; the effective coupon rates on the green bonds as a result of hedging; the intended impact of our Green Finance Framework; our long-term sustainability goals; and similar statements that are not historical facts. Please see recent and upcoming
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