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 logo

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:

European Data Center Association
Climate Neutral data center
  • 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 and 2022 Green Bond Allocation and Impact Report. We are committed to publishing these reports on an annual basis to provide transparency on our progress.

The green bond Principals etc.

“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
Category Impact
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:

127,910 Passenger vehicles removed from the road for 1 year and 122 Wind turbines running for 1 year

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 1 Scope 2 Scope 3
What Emissions are Significant Direct emissions from data center onsite diesel emissions, refrigerants and natural gas for heating Indirect emissions from data center electricity usage including fuel cells under PPAs and chilled water from leased assets Indirect 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 2030 66% of suppliers by emissions** engaged to set science-based targets
Where Are We Towards our Goals? 305,500 metric tons CO2e
(-12% since 2019 baseline)
1,504,000 metric tons CO2e
(+15% 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.

Scope 1

Direct emissions from diesel, refrigerants and natural gas

50,700
mtC02e

Scope 2

Indirect emissions from electric power, chilled water, fuel cells

254,800 mtC02e
Market-Based
2,307,600 mtCO2e
Location-Based

Scope 3

Indirect emissions that occur in the value chain

1,504,400
mtC02e
Americas

2,990GWh

Electricity Consumption

100%

Renewable Energy

35,700

mtC02e

Carbon Footprint

Asia- Pacific

1,470GWh

Electricity Consumption

76%

Renewable Energy

253,000

mtC02e

Carbon Footprint

EMEA

2,680GWh

Electricity Consumption

100%

Renewable Energy

16,800

mtC02e

Carbon Footprint

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

Carbon Trends

2021GHG emissions
Market-based
(mtCO2e)

50,700
2%

2,307,600
98%

  • Scope 1

  • Scope 2

2021GHG emissions
Market-based
(mtCO2e)

254,800
83%

254,800
83%

  • Scope 1

  • Scope 2

Greenhouse Gas Emissions (Market-Based)
2021 2020 2019
305,000 382,800 346,700
Greenhouse Gas Emissions (Location-Based)
2021 2020 2019
2,358,300 2,335,300 2,119,700
CARBON INTENSITY PER GWH ELECTRICITY
2019

365

5,700

54

2020

355

6,430

51

2021

323

7,140

36

400-

300-

200-

100-

0

-8,000

-7,000

-6,000

-5,000

-4,000

-3,000

-2,000

-1,000

0

  • Electricity (GWh)

  • Carbon Intensity (market-based)

  • Carbon Intensity (location-based)

CARBON INTENSITY PER UNIT REVENUE
2019

381

$5,562

62

2020

389

$5,999

64

2021

355

$6,636

46

400-

300-

200-

100-

0

-$8,000

-$7,000

-$6,000

-$5,000

-$4,000

-$3,000

-$2,000

-$1,000

$0

  • Revenue($ million)

  • Carbon Intensity (market-based)

  • Carbon Intensity (location-based)

EQUINIX'S PATHWAY TO CLIMATE NEUTRAL: Metric tons CO2e 4,000,000 , 3,000,000 , 2,000,000 , 1,000,000 , 0 , 1,000,000 , 2,000,000 , 3,000,000 , 4,000,000 2,119,700 2,335,300 2,358,300 Years:2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030
  • Oprational carbon emissions scope 1 & 2 location-based

  • Avoided emissions from renewables

  • Net carbon emissions scope 1 & 2 market-based (after avoided)

Our Renewable Energy Progress

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