Business
Equinix Sets 2030 Global Climate-Neutral Target
First in data center industry to commit to reaching climate-neutral by 2030, backed by science-based target and sustainability innovation agenda REDWOOD CITY,
About this update from Equinix, Inc.
[{"type":"text","content":"First in data center industry to commit to reaching climate-neutral by 2030, backed by science-based target and sustainability innovation agenda\n\n\nREDWOOD 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.\nThe 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. \nThe 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. \nTo 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.\nAs 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 reduc...