At Equinix, we believe in a better future. Our Future First sustainability strategy rallies our people and partners to dream of a better future and then do what it takes to make it happen. The impact today’s actions can have on tomorrow is front of mind in all we do.
When considering all the global challenges, growing stakeholder expectations around addressing long-term risks, and increasing awareness of the environmental and social impacts the digital economy has on the world, we know that Equinix, as the world’s digital infrastructure company™, can play a positive role in bringing about a sustainable future.
While COVID-19 accelerated the digitalization transformation that was already underway, including how we work, how we learn, and how we interact, it also highlighted social and environmental inequalities, including a widening digital divide that can negatively impact global growth as business, governments and other stakeholders attempt to address social vulnerabilities and build back more resilient and sustainable economies.
Moving forward into the next evolution of hybrid work environments, remote education, digital social interactions, integration of AI solutions and a growing desire to care for this planet that we call home together, it has become even more imperative to enable the interconnections that drive our world.
As the world’s largest global data center Real Estate Investment Trust (REIT), we have the opportunity to enable our customers and partners to scale their digital transformations sustainably. We are taking a leadership role in doing what it takes to protect the planet and tackling climate change across our 240+ International Business Exchange™ (IBX®) data centers, and within our broader industry.
Our global climate-neutral goal by 2030 and science-based targets will embed decarbonization actions across our business and our supply chain. We will do more to unleash our employees’ potential, investing in and scaling our attention to Diversity, Inclusion and Belonging (DIB) across our business, including the creation of diverse talent pipelines and pathways for more people to connect with meaningful work. We challenge ourselves to have courageous conversations about how we come together with colleagues and external partners, to build a more just and equitable world where no one is left behind. As a leader in the industry, Equinix is committed to doing what is right to lead the way and maximizing the benefits of technology for all people while minimizing its impact on the planet.
This report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards Core Option and addresses some of the disclosures in the Sustainability Accounting Standards Board (SASB) Real Estate Standard and Task Force on Climate-Related Financial Disclosures (TCFD). We are committed to building these disclosures out over time.
As a global market leader, we are committed to responsible growth and we continue to advance our bold “Future First” sustainability agenda that reflects our company’s values across environmental, social and governance initiatives. Related to our environmental commitments, we continue to extend our industry leadership with 96% renewable energy coverage for the year, marking our fifth consecutive year with over 90% renewable energy coverage, taking into consideration the meaningful increase in energy consumption over this time period. We are also progressing well on the science-based targets (SBT) we established in 2021, with a 23% reduction in operational emissions across Scope 1 and 2 emissions from our 2019 baseline.
In December, we announced our commitment to further reduce our power use by widening the operating temperature ranges within our data centers, the first such commitment in our sector. Over time, this initiative is expected to drive efficiency improvements through sustainable operating practices, enhancing the power usage effectiveness of our facilities. We remain steadfast in our commitment to environmental sustainability and were pleased to be added to the CDP’s prestigious Climate Change 2022 A List for the first time, reflecting the dedicated effort of our teams.
In September 2022, we launched The Equinix Foundation, an employee-driven charitable organization working to advance digital inclusion through philanthropic grant-making and strategic partnerships. The Equinix Foundation reflects our ongoing commitment to social sustainability, and we are excited about the work we can do to build a better, more inclusive and more sustainable world by harnessing and amplifying the passion of our people to help close the digital divide in our communities across the globe.
Beyond the Equinix Foundation, our employees gave back to our communities volunteering over 22,700 hours and donating more than $2 million in 2022. Also, we are pleased to be named one of Fortune’s “Most Admired Companies” for the third consecutive year and to be ranked #1 in Real Estate in JUST Capital’s 2023 rankings for the second consecutive year. These recognitions are a testament to our culture and the amazing work by our global teams.
We are excited about the growing opportunity in front of us and remain confident in our continued execution as we expand our market leadership, reinforce our competitive advantage and drive sustained value creation for our stakeholders. Together, we remain in passionate pursuit of our purpose, “To be the platform where the world comes together, enabling the innovations that enrich our work, our life and our planet.”
President and Chief
Chief Financial Officer
President and Chief Executive Officer
“As the leading global interconnection and data center company, Equinix is dedicated to powering, protecting and connecting the organizations and ecosystems that will shape this new era, and doing so in a sustainable and responsible way. ”