environment

Climate Commitments

Our Strategy

Equinix is committed to addressing the urgency of global climate change within its operations, its value chain and the broader industry. In 2015, we signed the American Business Act on Climate Pledge voicing our commitment to the aims of the Paris Agreement to limit global warming to 1.5 degrees °C. In the past year, we have demonstrated our commitment to action through a range of initiatives including target setting, leveraging green finance and continuing to prioritize transparency around the impacts of our business.

Science-Based Targets and Climate-Neutral Goal

Equinix established its 100% renewable energy target in 2015 as a first step in our climate change reduction strategy. In 2021, we expanded the scope of our commitment to include both a science-based target and climate neutrality, furthering our alignment with the aims of 2015 Paris Climate Agreement.

Our ambitious climate targets will demonstrate our leadership to our stakeholders – our investors, our customers, regulators, our communities and our employees.

While our renewable energy is notable – Equinix is currently over 95% renewable globally – we’re also committed to addressing our Scope 3 value chain emissions through supplier engagement and green building design.

Science-Based Target
Aligned with 1.5°C global warming scenario
  • Equinix will reduce our absolute Scope 1 and 2 GHG emissions by 50% by 2030, from a 2019 base year.
  • By 2030, Equinix will achieve 100% renewable energy and achieve its RE100 commitment set in 2015.
  • Equinix will reduce absolute Scope 3 GHG emissions from fuel-and-energy-related activities by 50% by 2030, from a 2019 base year.
  • Equinix will engage 66% of its suppliers by emissions within the categories of Purchased Goods and Services and Capital Goods to set their own science-based targets by 2025.
Global Climate-Neutral Target
  • Equinix will become Climate-Neutral by 2030 across Scope 1 and 2 emissions.
  • This commitment expands our EU Climate-Neutral goal to cover not only our EU emissions but also global emissions

EU Climate Neutral Data Center Operator Pact

In January 2021, Equinix drove the development of and was a founding signatory of the newly formalized Climate Neutral Data Centre Operator Pact and Self-Regulatory Initiative alongside 31 other data center operators and 20 trade associations. The Pact marked the industry’s intention to play a leading role in transitioning Europe to a climate neutral economy, in support of the European Data Strategy and the European Green Deal, which aims to make Europe the world’s first climate neutral continent by 2050. As part of the Self-Regulatory Initiative, Equinix and other operator signatories commit to measurable and ambitious targets set for 2025 and 2030 in the following areas:

EDCA
  • Achieving Climate-Neutrality by 2030.
  • Improving the efficiency of energy use.
  • Purchasing 100% carbon-free energy.
  • Prioritizing water conservation through the selection of efficient and appropriate cooling solutions.
  • Increasing the reuse, repair and recycling of servers, electrical equipment and other related electrical components.
  • Reusing data center heat where practical, environmentally sound and cost-effective.

Green Bonds

Expanding Equinix’s Commitment to Sustainability

Green bonds provide Equinix with access to favorable financing rates to invest in and prioritize projects across multiple areas of innovation including green buildings, renewable energy, energy efficiency, water efficiency, waste reduction, and clean transportation. Since the launch of our inaugural green bonds of approximately $3.7 billion from 2020 to 2021, Equinix has allocated these funds to $2.9 billion of Eligible Green Projects.

Eligible Green Projects are described in our Green Finance Framework, based on the Green Bond Principles 2018 and the Green Loan Principles 2020. The framework is a voluntary set of guidelines promoting transparency, integrity, and advancement of the standardization of disclosures in the development of green debt. A Second-Party Opinion on the environmental benefits of Equinix’s Green Finance Framework and alignment with the Green Bond Principles has been issued by Sustainalytics, a leading global provider of ESG research, ratings, and data.

More information on our progress can be found in our 2021 Green Bond Allocation and Impact Report. We are committed to publishing these reports on an annual basis to provide transparency on our progress.

“Issuing our inaugural green bonds demonstrates Equinix’s continued long-term commitment to green our data center footprint, delivering wide-reaching environmental benefits for not only ourselves and our communities but also our global customers.”

– Keith Taylor, Chief Financial Officer, Equinix

Equinix’s green bonds are as follows:

Graphic showing Equinix's green bonds over time: $1.35 billion inaugural green bond September 2020, €1.10 billion second green bond February 2021, $1.00 billion third green bond May 2021, and $1.20 billion fourth green bond April 2022

Green Bond Results

Equinix’s first Allocation and Impact Report was published in September 2021, allocating $2.9B of $3.7B green bonds.

Net Proceeds Allocation Breakdown (%): 28.8% in Asia-Pacific, 29.4% in Americas, 41.8% in EMEA
CategoryImpact
Green Buildings
$2.85 billion
Investments in green data centers resulted in 526,000 MWh of energy savings through improved PUEs.
Renewable Energy
$55 million
937,000 MWh of renewable energy is procured through VPPAs annually, resulting in a 401,000 mtCO2e avoidance in Scope 2 emissions.
Energy Efficiency
$4 million
Investments in energy efficiency projects resulted in 31,000 MWh of energy savings.

The annual total emissions avoided from the eligible projects included in the allocation are equivalent to:

Chart showing categories and impacts of green bonds. Green Buildings: $2.85 billion. Investments in green data centers resulted in 526,000 MWh of energy savings through improved power usage effectiveness. Renewable Energy: $55 million. 937,000 MWh of renewable energy is produced through VPPAs annually, resulting in a 401,000 mtCO2e avoidance in Scope 2 emissions. Energy Efficiency: $4 million. Investments in energy efficiency projects resulted in 31,000 MWh of energy savings.

Metrics and Progress

Equinix discloses its carbon emissions and progress against our science-based targets annually. A significant element of our carbon reduction strategy is our renewable energy procurement efforts. These efforts have contributed to an overall 61% reduction in Scope 1 and 2 GHG emissions since 2015, even as our business and energy consumption has grown on average of 10% per year. The table below shows some of the highlights of our progress towards decarbonizing our business.

Scope 1Scope 2Scope 3
What Emissions are SignificantDirect emissions from data center onsite diesel emissions, refrigerants and natural gas for heatingIndirect emissions from data center electricity usage including fuel cells under PPAs and chilled water from leased assetsIndirect emissions from our data center value chain including construction activities
What Is Our Commitment*?Science-based target of 50% reduction by 2030 without offsets and climate-neutral across Scope 1 and 2 by 203066% of suppliers by emissions** engaged to set science-based targets
Where Are We Towards our Goals?180 sites with 100% renewable energy
5,840 GWh renewable out of ~6,430 GWh electricity used
305,500 metric tons CO2e
(-12% since 2019 baseline)
What Did We Do in 2021?Aligned to install HVO capable generators to enable 90% reduction in onsite diesel emissions

Announced Prime Power hydrogen fuel cell project and joined Clean Hydrogen Partnership in Milan, Italy (December 2021)
Achieved 1.48 annual average PUE or 5.5% reduction YOY

Signed 35 MW wind in Finland (January 2022), joined load aggregation in Australia (August 2021), added I-RECs to bring global renewable energy coverage to 95% in 2021

Developed supplier engagement strategy and selected key suppliers
What Are the Next Steps?Piloting HVO at multiple sites and qualifying the supply chain to evaluate transition away from diesel

Operations trialing low GWP refrigerants and reviewing leakage protocols

Energy efficiency and renewable energy improvements set within 2022 Executive Compensation

Evaluating operational best practices and additional PPAs in new markets

Leveraging ‘best practice’ CDP Climate Change survey to collect supplier data

Enhancing competitive business award process with climate and diversity criteria

*All targets are against a 2019 baseline.
**Suppliers in the Categories of “Purchased Goods and Services” and “Capital Goods”, Equinix also has a 50% reduction in FERA target to be covered by renewables.

Includes all relevant Scope 3 emission categories for Equinix’s business.

Carbon Trends

ISR 2021 Alternative Text FINAL ISR 2021 Alternative Text FINAL .XLSX 100% 11 E25 Donut chart showing location-based emissions in metric tons CO2 equivalent in 2021. Scope 1: 50,700 (2%). Scope 2: 2,307,600 (98%). To enable screen reader support, press ⌘+Option+Z To learn about keyboard shortcuts, press ⌘slash Donut chart showing location-based emissions in metric tons CO2 equivalent in 2021. Scope 1: 50,700 (2%). Scope 2: 2,307,600 (98%). Turn on screen reader support
Donut chart showing market-based emissions in metric tons CO2 equivalent in 2021. Scope 1: 50,700 (2%). Scope 2: 254,800 (83%).
Bar chart showing Scope 1 and 2 market-based greenhouse gas emissions in 2019, 2020, and 2021. 219: 346,700. 2020: 382,800. 2021: 305,500. Bars show that Scope 2 produces more emissions than Scope 1.
Bar chart showing Scope 1 and 2 location-based greenhouse gas emissions in metric tons CO2 equivalent in 2019, 2020, and 2021. 2019: 2,119,700. 2020: 2,335,300. 2021: 2,358,300. Bars show that Scope 2 produces more emissions than Scope 1.
Bar and line chart showing electricity, carbon intensity (market-based) and carbon intensity (location based) as functions of electricity in 2019, 2020, and 2021. 2019: 5,700 GWh of electricity, market based carbon intensity 54, location based carbon intensity 365. 2020: 6,430 GWh of electricity, market based carbon intensity 51, location based carbon intensity 355. 2021: 7,140 GWh of electricity, market based carbon intensity 36, location based carbon intensity 323.
Bar and line chart showing revenue, carbon intensity (market-based) and carbon intensity (location based) as functions of revenue in 2019, 2020, and 2021. 2019: $5,562,000,000 in revenue, market based carbon intensity 62, location based carbon intensity 381. 2020:$5,999,000,000 in revenue, market based carbon intensity 64, location based carbon intensity 389. 2021: $6,636,000,000 in revenue, market based carbon intensity 46, location based carbon intensity 355.
Bar and line chart showing operational emissions Scope 1 asnd 2 location-based, avoided emissions from renewables, and net carbon emissions Scope 1 and 2 market-based (after avoided emissions) in metric tons CO2 equivalent. 2019: 2,119,700 operational carbon emissions Scope 1 and 2 location-based,

Our Renewable Energy Progress

Equinix is making progress toward our long-term goal to use 100% clean and renewable energy.