Equinix Prices $1.2 billion of Green Bonds in its Fourth Offering to Advance Sustainability Initiatives
With this latest issuance,
With this latest offer,
Equinixhas developed a Green Finance Framework based on the Green Bond Principles and Green Loan Principles, a set of guidelines that promote transparency and integrity in, and advance the standardization of, green debt disclosures. The Framework increases Equinix'sfocus on protecting the environment and addressing global climate change through greenhouse gas emissions reductions, increasing resource efficiency and driving corporate transparency and accountability.
- Use of proceeds from previous green bonds issued by
Equinixhave been allocated toward initiaitives that include:
- Launched earlier this year,
Equinix'sCo-Innovation Facility (CIF) in Ashburn, VAprovides a platform for trialing and showcasing advanced power, cooling and control methodologies—such as fuel cells and liquid cooling—for use in its future data centers. The facility–located in Equinix'sDC15 International Business Exchange™ (IBX®) data center–allows the company to work with key innovative suppliers to develop prototype approaches and is unique in the data center industry.
- In February,
Equinixopened a new IBX data center—MU4—located in Aschheim near Munich, Germany. Like other new Equinixbuilds in Germany, MU4 features a green façade and partially planted roof. The greenery acts as additional natural insulation and cooling, also ensuring the building blends into the cityscape. The next construction phase of the data center will see the installation of an Aquifer Thermal Energy Storage (ATES) system which enables thermal energy to be stored and recovered, and will help further optimize cooling efficiency, reducing the site's overall carbon footprint. The data center is be powered by 100% renewable energy—purchased through a green power certificate from local supplier, Mainova. In addition to these measures, Equinixis also exploring options to provide waste heat from the MU4 data center to external consumers in the future.
- Last year,
Equinixbecame the first in the data center industry to commit to globally reaching climate-neutral by 2030, backed by science-based targets and an aggressive sustainability innovation agenda. Aligned with the Paris Climate Agreement, this is a critical step to ensure that Equinixcontinues to advance investments and innovations to reduce greenhouse gas emissions and keep global warming to 1.5 degrees Celsius. Equinix'sapproved emissions reduction target by the Science Based Target initiative (SBTi) builds on the company's strong track record of sustainable growth and innovation, including achieving over 90% renewable energy coverage for its data centers since 2018. Equinixhas maintained an A- score for its CDP Climate Change Surveysince FY20, a leading environmental rating system focused on climate-related transparency and action, recognizing the company's transparency and performance around addressing climate risks. Equinixhas also been recognized by the U.S. EPAevery year since 2015 on its list of Top 100 Green Power Partners, which recognizes corporate contributions to helping advance the development of the nation's green power market, and Equinix'scommitment to reach 100% clean and renewable energy across its portfolio. Equinixcontinues to advance its green initiatives through its participation in the Climate Neutral Data Centre Operator Pact and Self-Regulatory Initiative. The Pact marks the first time the data center industry has come together to solidify its commitment to ensure that European data centers are carbon neutral by 2030, among other environmental priorities.
"We are proud that
This press release contains forward-looking statements that are based on
1 Based on EUR-USD exchange rate at time of issuance in
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