Future First
Sustainability @ Equinix

Our Vision

Equinix does not shy away from challenges—we do what is right, not just what is easy.  We are the leading stewards of digital infrastructure, setting high standards for our industry and communicating our progress with full transparency.

Digital transformation is reshaping the fabric of our world, unlocking extraordinary possibilities and changing the basis for competition in almost every industry, creating an unprecedented force for both economic growth and social progress.

Data centers consumed an estimated 460 terawatt-hours (TWh) of electricity in 2022, nearly 2% of all the world’s electricity. Our industry employs over 2,000,000 people and generates revenues of over $300 billion. Equinix is the world’s digital infrastructure company®, powering the digital economy with 260 data centers spanning more than 70 markets in more than 30 countries globally.

We have reflected deeply on what it means to be the leader in our sector as digital infrastructure becomes ever more central to the modern world. To realize the full potential of the digital economy, we must possess an equally ambitious commitment to sustainability across a broad sweep of environmental, social and governance (ESG) issues.

Our 2023 Progress

In 2023, our Future First initiatives continued to deliver remarkable environmental, social and governance advances.

Our Environmental Challenge

To sustain growth, digital infrastructure providers must develop and implement sustainable solutions for global and local environmental challenges. At Equinix, we consider environmental sustainability to be a fundamental tenet of our operations. This means addressing all aspects of our footprint, including climate impact, water usage, resource usage, land utilization, biodiversity, operational efficiency and innovative building and design.

Since 2015, Equinix has been committed to reaching 100% clean and renewable energy coverage as part of our sustainability strategy. However, meeting internationally agreed climate change targets amidst a global shortage of renewable energy presents a significant challenge. Simply investing in the existing limited supply in the form of renewable energy certificates (RECs) is not a long-term solution.

Power Purchase Agreements (PPAs) are a preferred source of renewable electricity coverage, as they provide additional renewable capacity into the local grids. Where possible, we strive to invest in regions where an energy transition will achieve the biggest greenhouse gas reduction. In the short term, we supplement our PPA-sourced renewables with regionally available energy attribution certificates (EACs). Together, our PPAs and EACs cover 96% of our electricity usage with renewables. We intend to continue ramping up our renewables coverage to match our growth and meet our 2030 climate targets.

Our climate impact reduction strategy drives our uncompromising commitment to energy efficiency. Since 2019, we have invested significant resources to leverage leading-edge technology in our data centers, seeking ever better efficiency. In 2023, we invested over US$78 million to drive efficiency across our global operations. Our ambition is to stand as one of the industry’s most sustainable digital infrastructure companies.

Our Social Opportunity

Equinix plays a vital role in society, empowering connection and enabling innovations that enrich our work, lives and communities. We are a force for social good—we prioritize diversity, equity and inclusion, cultivate a people-centered culture and invest in closing the digital divide. We strive to be the company that customers actively choose to do business with, communities eagerly partner with, and team members feel empowered to do the best work of their lives to create a better tomorrow.

Our strength lies in The Magic of Equinix, our culture and values statement that defines how we treat one another internally and how we behave externally. Diversity, Inclusion and Belonging (DIB) is more than a program—it’s central to our culture. Our vision is to be an organization that mirrors the diversity of the communities in which we operate. As we make progress toward our vision, we are creating opportunities for everyone to thrive at Equinix and in our global communities.

We value each of our employees and want our team members to enjoy rewarding and long-lasting careers, enhanced by educational opportunities and comprehensive wellbeing and benefits programs.

The shift to a digital economy shows significant potential benefits for our society, but this can only be realized by removing the social and economic barriers to accessing technology. We established the Equinix Foundation in 2022 to expand equitable access to technology, education and skills in today’s digital world. The vision of the Foundation is a more accessible, equitable and interconnected digital future for everyone, everywhere. Through the Equinix Foundation, partnerships and Equinix employee engagement initiatives, we are working to create a more accessible, equitable and sustainable future globally, with a focus on addressing the digital divide.

Governance

Maintaining the trust of our stakeholders is paramount to our success and longevity as a global leader in digital infrastructure. We have a clear expectation of integrity and ethics to which every member of our company is held accountable. Our approach to governance provides the framework for all our operations and external engagements.

Internally, accountability for ESG initiatives starts at the top with our leadership team, whose compensation is tied to our ESG performance. Our Nominating and Governance Committee (responsible for ESG) selects Board members for their expertise, independence and diversity, ensuring that qualified women and individuals from underrepresented groups are included in the pool of nominees from which new Board members are chosen. Externally, we promote global responsibility and ethical practices, forging partnerships with like-minded organizations to advocate for environmental sustainability and development that benefits society and communities.

Equinix cherishes the trust of our customers, which they place in our physical environment for the equipment they deploy in our data centers. We are committed to integrating privacy measures into every aspect of our operations—bolstering our resilience, expanding our capabilities and promoting a culture marked by speed, agility and an unwavering dedication to enhancing the user and customer experience. We have adopted a shared responsibility model—delineating security and compliance responsibilities between us and our customers.

As industry leaders, we have a unique opportunity to leverage our expertise and ambition to collaborate with our suppliers. We nurture a responsible, inclusive and environmentally conscious supply chain, encouraging them to establish science-based climate targets and align with fundamental sustainability principles.

In Summary

Digital infrastructure growth is essential to drive long-term economic and social progress. Equinix continues to lead this growth with a Future First mindset, amplifying our positive social impact through a total commitment to sustainability.

GRI: Empowering Sustainable Decisions

This report has been prepared in alignment with the Global Reporting Initiative (GRI) Sustainability Reporting Standards 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.

A Message from our Executive Leadership

In this past year, we achieved significant progress toward our ambitious strategic agenda. The Equinix team continued to execute skillfully across all levels of the organization to ensure that our strategy as the world’s digital infrastructure company continues to separate us from our peers.

Reflecting on our industry-leading sustainability efforts, we continue to make meaningful progress towards our long-term goal to achieve 100% renewable energy coverage by 2030. For 2023, we maintained 96% renewable energy coverage across our portfolio, marking our sixth consecutive year of greater than 90%+ renewable energy coverage across our global footprint. We are also increasingly focused on expanding the breadth and quality of our renewables portfolio and are proud to have executed 21 Power Purchase Agreements (PPAs) to date across Australia, France, Iberia, the Nordics and the U.S.—including 15 PPAs signed in 2023 alone. Once operational, these projects are expected to generate more than 3,000,000 megawatt-hours (MWh) of clean energy, equivalent to the amount of energy consumed by 600,000 European households. We also remain highly focused on improving the energy efficiency of our facilities as measured by power usage effectiveness (PUE), which our operations teams improved by an impressive 8%+ compared to the prior year.

Thanks to our team’s dedicated efforts to advance our sustainability agenda, we are thrilled to have been recognized by several prominent organizations, including CDP’s prestigious Climate Change “A” List, Just Capital’s 2024 Rankings, where we were named #1 in Real Estate for the third consecutive year, and NAREIT, which honored Equinix with the Diversity, Equity & Inclusion Silver Award.

As we look to 2024 and beyond, we believe Equinix is exceptionally positioned to meet the rapidly evolving needs of customers as they embrace digital transformation. The demand for digital infrastructure in support of this priority is as strong as ever, and the nature of this demand plays to our strengths as customers seek to implement hybrid architectures that are more distributed, more cloud connected and more sustainable than ever before.

We intend to press our advantage in our market-leading Data Center Services portfolio, extending and expanding our global market leadership. We plan to prioritize our Future First sustainability strategy, to make Equinix the clear partner of choice to help our customers track and achieve their sustainability goals while managing an increasingly complex global power landscape.

We also intend to remain steadfast in our people-first approach, working to attract, align, develop and inspire world-class talent by cultivating a highly differentiated culture. We are deeply grateful to our 13,000+ colleagues around the world for their commitment to showing up every day with an “in service to” mindset. We show up first in service to one another, thereby enabling us collectively to be in service to our customers, our investors and the communities in which we operate.

In closing, this past year, despite a dynamic and complex global environment, we achieved significant milestones, demonstrating our commitment to sustainable growth and driving long-term value for our shareholders. We are grateful for your ongoing trust and support and remain committed to our track record of value creation, with a clear focus on living out our purpose—to be the platform where the world comes together, enabling the innovations that enrich our work, life and planet.

#InServiceTo

“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.”

Charles Meyers,

President & CEO, Equinix, Inc.

Sign image of Charles Meyers

Charles Meyers

President and Chief Executive
Officer Equinix, Inc.

Peter Van Camp Signature

Peter Van Camp

Executive Chairman
Equinix, Inc.

Keith Taylor Signature

Keith Taylor

Chief Financial Officer
Equinix, Inc.