Future First: Our Sustainability Approach at Equinix
Our Future First sustainability strategy rallies our people and partners to envision 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. As the world’s digital infrastructure company™, we have the responsibility to harness the power of technology to create a more accessible, equitable and sustainable future. The Environment, Social and Governance (ESG) initiatives comprising our Future First strategy focus on the material issues that have the greatest impact on our stakeholders and our business. We continue to make progress on our sustainability goals and look to build a business that reflects our purpose to bring the world together on our platform to create the innovations that will enrich our work, life and planet.
Key Commitments
Environment
Do What It Takes to Protect
the Planet
- Driving emissions reductions across our global operations and value chain to achieve our science-based and climate-neutral targets
- Scaling renewable energy purchasing to reach 100% renewable by 2030
- Designing the sustainable data center of the future and investing in innovation
Social
Do More Each Day to Unleash
Potential
- Building a diverse and inclusive culture where every employee can say “I’m safe, I belong, and I matter”
- Supporting the physical, mental and emotional wellbeing of all employees
- Connecting the communities we inhabit to the opportunities of a digital world
Governance
Do What’s Right to Lead the Way
- Promoting global responsibility through unwavering values and ethical practices
- Forging partnerships to advocate for innovation and action
- Integrating sustainability and transparency throughout our business
At Equinix, we believe in creating shared value with our customers, partners, investors, employees and communities. We are dedicated to being nimble in our response to the ever-evolving issues our business faces as we operate in increasingly globalized markets.
We continuously strive to be good stewards of environmental and human capital, and our definition of success includes steadfastly adhering to best-in-class ESG practices and transparently monitoring and reporting our progress.
To this end, we routinely evaluate our ESG programs to increase the value they bring to our changing world. We continually innovate to meet our unwavering commitment to renewable energy, increasing efficiency and improving resiliency. Our employee and community engagement programs integrate purpose, passion and impact to deliver on the promise we make to every employee that they are safe, they belong, and they matter. And our governance and ethics programs ensure we are all working together to build an organization that is defined by its honesty, integrity and the consistent ethical behavior of its employees, partners and suppliers.
UN Sustainable Development Goals
To accelerate our collective progress on the world’s most important social and environmental challenges, Equinix’s Future First approach focuses on the six United Nations Sustainable Development Goals (SDGs) that are most aligned with our business and where we believe we have the greatest opportunity to make an impact.
7
Affordable & Clean Energy
Equinix is a member of RE100, a founding member of the Clean Energy Buyers Alliance (CEBA) and co-author and member of the EU Climate-Netural Data Center Operator Pact. We have a long-term goal to reach 100% clean and renewable energy globally, and we advocate for the transition to a low-carbon economy.
9
Industry, Innovation & Infrastructure
Equinix builds resilient, sustainable and community-focused infrastructure that enables digital businesses to transform, collaborate and thrive in ways that fuel global economic growth and innovation. We strive to design the data center of the future centered on innovation, efficiency and integration to clean energy grids.
10
Reduced Inequalities
We are building a diverse and inclusive culture where every employee can say "I'm safe, I belong, and I matter." And we look for ways to leverage our business to increase digital access, promote workforce development and increase technical skills across the communities most in need.
13
Climate Action
We are addressing the urgency of global climate change through our targets. We are the first data center to set a 100% renewable energy goal, science-based target and commitment to become climate neutral by 2030. We are assessing and mitigating the risk our business faces from climate change.
Sustainability Governance
Building on our strong foundation and the sustainability accomplishments made over the past seven years, we are driven to continuously improve our practices globally and empower our leaders to do what’s right in each of the regions in which we operate.
Equinix manages sustainability through a dedicated Sustainability Program Office (SPO). The SPO provides thought leadership in assembling and coordinating the cross-functional teams across the business to embed sustainability globally. This includes defining strategy; implementing and measuring initiatives, processes and systems; reporting progress and engaging our stakeholders.
The SPO is overseen by the Sustainability Executive Steering Committee—comprised of our Executive Chairman, President and Chief Executive Officer, Chief Financial Officer, Chief Legal and Human Resources Officer, Executive Vice President of Data Center Services and Executive Vice President of Global Operations, and ultimately reports to Equinix’s Board of Directors Nominating and Governance Committee.
The SPO is responsible for engaging with external stakeholders to share our progress, respond to inquiries, and solicit input that helps to strengthen our Future First sustainability strategy. Additional information on the frequency and methods of engagement is provided in the Our Stakeholders section.
BOARD OF DIRECTORS
GOVERNANCE COMMITTEE
SUSTAINABILITY EXECUTIVE
STEERING COMMITTEE
SUSTAINABILITY PROGRAM OFFICE
FINANCE
LEGAL
GLOBAL OPERATIONS
TECHNOLOGY OFFICE
COMMUNITY AND BELONGING
HUMAN RESOURCES
GOVERNMENT AFFAIRS
PRODUCT
MARKETING
SALES
Transparency and Disclosure
We are committed to transparently communicating our strategy and the impact of our operations.
Non-Financial Reporting Frameworks
Equinix continues to evolve its reporting to meet the requirements of leading industry frameworks and our stakeholders’ expectations. Since 2015, we have reported in accordance with the Global Reporting Initiative (GRI) Standards: Core Option. Starting in 2019, we began including sustainability information in our corporate Annual Report to provide a holistic perspective on how Equinix is creating value for all stakeholders. Equinix also includes environmental and human capital disclosures in our 10-K reporting.
Equinix is an active participant in industry dialogue around non-financial reporting. We are a founding member of the U.S. Chapter of the Prince of Wales’ Accounting for Sustainability Project (A4S) CFO Leadership Network along with other industry leaders, including Caterpillar, Levi Strauss & Co, Mars, Salesforce and VMware. The U.S. Network is comprised of over a dozen CFOs from large global organizations. A4S aims to inspire the rapid integration of social and environmental considerations, such as climate change, into business strategy and operations to build resilient business models. As part of this initiative, Equinix supports the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). We will assess, manage and measure our climate-related risks and opportunities.
“At Equinix, we’ve always understood that we must not only deliver financial performance, but also a positive contribution to community and the environment. We remain dedicated to growing our sustainability efforts globally and understand that the future of business growth is linked to the development of sustainable innovation, technologies and business models. We look forward to continuing to emphasize the business value of purpose and social good by supporting the launch of the U.S. chapter of A4S and ongoing collaborations.”
– Keith Taylor, Equinix, CFO
Verification and Assurance
Equinix’s environmental impacts, specifically energy, renewable energy and greenhouse gas emissions across Scope 1, 2 and 3, are third-party verified each year to ISO 14064-3 limited assurance standards. Click here to view auditor statements.
ESG Surveys and Customer Requests
Transparency is a hallmark of our sustainability approach. We actively share our progress by responding to numerous environmental and sustainability surveys and customer requests throughout the year.
We have disclosed our climate change strategy and data through the CDP Climate Change Survey every year since 2015, and report on our overall ESG performance via other ESG ratings, rankings and indices. Some examples are shown below.
GRI 1-4 Reporting Principles: Sustainability Context
Customer Focus
Our customers are at the center of everything we do, and we have a unique, collaborative opportunity to facilitate their progress—and even their customers’ progress—toward achieving ambitious sustainability targets.
The Equinix Green Power Report, is a renewable energy attestation statement based on the principles of The Greenhouse Gas (GHG) Protocol. These reports equip our customers with electricity consumption, renewable energy coverage, and carbon footprint data needed to measure and report relevant metrics in pursuit of their own goals and targets. In 2022, customer requests for these reports increased over 55% from 2021.
Equinix is driving positive change through thought leadership opportunities with groups like the International Data Corporation (IDC) to improve the awareness of sustainability across the data center industry. In 2022, we participated in a variety of industry panels and events to highlight sustainable digital transformation opportunities with Equinix. Groups we have partnered with include Dublin Tech Summit, DPP, IDC and 451 Nexus. We see a role in continuing to engage in thought leadership to promote and amplify opportunities to transform our industry.
The following customers have used our documentation in their sustainability reporting efforts.
“At Moody’s, we strive to partner with suppliers like Equinix who make our value chain more sustainable. We are grateful for their commitment and excited that they have adopted science-based targets. Our partnership with Equinix helps us meet our own net-zero goals, as we continue working toward decarbonizing our supply chain and creating a more sustainable future.”
– Moody’s Corporation
Our Stakeholders
Equinix’s leaders, employees and key internal and external stakeholders share a collective commitment to sustainability and have made it an important component of our overall growth strategy.
Stakeholder engagement is critical to the success of our sustainability efforts. We maintain open and flexible, multi-dimensional communication channels with our 10,000+ customers, in addition to our employees, investors and industry analysts. We also prioritize collaboration and partnerships with advocacy organizations and industry groups.
The table below summarizes some of the ways we actively engage with these key stakeholders.
| Who | When | How | Details |
|---|---|---|---|
| Board of Directors and Executive Officers | Quarterly or as needed | In-person and virtual executive, board and one-on-one meetings | The Nominating and Governance Committee of the Equinix Board of Directors is responsible for ESG oversight and reviews strategies, policies, practices, performance and reporting related to corporate ESG matters. The SPO engages with the Board and Executives on ESG strategies, goals and progress, risks and opportunities. |
| Sustainability Executive Steering Committee | Quarterly or as needed | In-person and virtual executive, board and one-on-one meetings | The SPO presents focused metrics to the Steering Committee regularly. The Steering Committee ensures management support through commitment of resources, processes, systems and tools, and review and oversight of key ESG issues. |
| Sustainability Working Team | Monthly meetings as needed and ad hoc communications | In-person and virtual meetings, conference calls and emails | The Sustainability Working Team is comprised of functional leads representing ESG pillars, as well as 30+ functional area leaders across all three regions. The Team sets goals, completes specific deliverables and activities, collects metrics and communicates progress to the SPO. It also manages risks and opportunities and identifies ideas to advance ESG at Equinix. Global team members work with designated regional leads to disseminate information and conduct work. |
| Sustainability Marketing Council (SMC) | Monthly meetings, function-specific meetings as needed and ad hoc communications | In-person and virtual meetings, conference calls and emails, cross-functional and regional support of marketing and communications implementation | The SMC is comprised of regional, cross-functional representation across the marketing, product and sales organizations to develop and drive annual marketing key performance indicators (KPIs) that increase awareness of sustainability efforts globally with our internal and external stakeholders. |
| Employees | Quarterly employee surveys, with sustainability surveys of specific subsets of employees (e.g., sales) conducted annually. Internal “HUB” articles occur monthly or more frequently. | Third-party-administered Pulse Survey platform and management relationships, including performance reviews, company meetings, exit interviews, and other internal articles and activities. Ad hoc sustainability surveys conducted via email or online survey tools. | Activities such as the quarterly Pulse Survey and departing employee exit interviews provide quantifiable information about Equinix’s success as an employer. Informal communications provide ongoing feedback and add richness to these conversations. Understanding the sustainability priorities of Equinix’s employees, including its sales and marketing teams, is important to the development of our ESG program. Voice of the Employee Surveys that incorporated ESG topics in 2022 included well-being, belonging and other important organizational surveys. Educational trainings are provided as part of our new-hire onboarding and throughout the year to key Equinix groups about our sustainability strategies and progress. Sustainability is also a core pillar within our WeAreEquinix employee activation and engagement strategy to develop country-specific approach to culture. |
| Customers | Ad hoc, monthly and annual global customer surveys and audits | In-person and virtual meetings, emails with account management teams, global customer NPS surveys and annual Customer Advisory Board (CAB) meetings | Delivering a high-quality, high-value customer experience is a top Equinix priority. Sustainability strategies, programs and data hold an increasingly important place in the customer journey. Our Customer Experience Team provides our customers with several official channels for sharing feedback and making sustainability requests. Inputs vary from open-ended comment forms, in-depth surveys with scored questions, and participation in face-to-face meetings. We aim to reach 100% of our customers through our ongoing Net Promoter Score (NPS) survey, as well as continuous listening and learning across all of our customer relationships. |
| Vendors and Service Providers | Ad hoc | Account management and vendor selection process | Equinix vendors have strong business relationships with the groups they serve. Equinix has always required the highest standards of its vendors. In 2022, we continued to expand Procurement resources to assess and mitigate ESG risk, alignment to our science-based target climate goals and human capital and diversity targets. |
| Investors, Analysts and Third-Party Rating Groups | Quarterly, annually and ad hoc | Conference calls, in-person and virtual annual meeting, Analyst Days, voluntary disclosure in surveys, executive led coalitions such as A4S and CECP | Our Investor Relations team maintains active communication with investors and equity research analysts. Equinix engages with and responds to information requests from investors and other third party ratings organizations. |
| Advocacy and Nongovernmental Organizations (NGO) | Ad hoc | Conference calls, in-person and virtual conferences, and signatures on white papers and letters | Equinix participates in a variety of industry and NGO advocacy opportunities, initiatives and activities. Some key organizations include:
|
| Community/Social Impact Partners | Ad hoc | In-person and virtual meetings, conference calls and emails | To facilitate positive social impact, we have forged partnerships with organizations that share our vision for a more sustainable and equitable future. Together our potential to effect change is much greater than what we could accomplish on our own. Some of our long-term community partnerships include:
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| Government and Regulatory Bodies | Ad hoc | Conference calls, conferences, signatures on white papers, public comments and letters, and in-person advocacy at country, state and local levels | Equinix seeks opportunities to provide regular input into government reviews including those for utility planning processes and energy efficiency regulatory policies. Groups and initiatives that we have collaborated with include:
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“Equinix has gone beyond their own footprint to serve as true leaders in the clean energy buyer community, and their expertise is helping us move the needle to a cleaner, more affordable, zero-carbon energy future.”
– Miranda Ballentine, CEBA CEO
Partnerships include:
Materiality Assessment
Equinix conducted a Sustainability Materiality Assessment refresh in 2022. This work expanded upon Equinix’s prior Materiality Assessment in 2020, to ensure that the prioritization of ESG topics at Equinix continues to align with industry trends and business value. All the plotted topics included in the matrix below are considered significant to Equinix.
The latest exercise found that diversity, equity and inclusion, human capital, resilience and adaptation, supplier ESG engagement, water conservation and waste management increased in importance, both in terms of stakeholder interest and impact to the business. Additionally, stakeholders recognize the importance of evolving nature-related risks and ranked biodiversity for the first time this year. Remaining topics such as energy, greenhouse gas emissions, health and safety, community engagement, and governance, compliance and business ethics saw slightly reduced importance or minimal change. We are using these insights to facilitate conversations and further develop our Future First strategy, recognizing that the topics located at the top right reflect areas where the company has unique capabilities for impact.
GRI 3-2 List of material topics.
Awards and Recognition
Our renewable energy procurement, sustainable innovations and commitment to diversity, inclusion and belonging have been recognized by industry and nongovernmental organizations worldwide.
Report Profile
This report has been prepared in accordance with Global Reporting Initiative (GRI) Standards. The data in this report represent Equinix’s coverage of material topics within Equinix’s operational control boundary in Calendar Year 2022. The reporting period is January 1, 2022 to December 31, 2022, unless otherwise noted with specific data. The report’s scope covers all Equinix global operations and offices, unless otherwise specified. Equinix consistently maintains metrics and utilizes a robust internal tracking template to facilitate comparability of data over time. Changes in boundaries are disclosed when necessary. Questions, comments and concerns can be submitted to: sustainability@equinix.com.
FOOTNOTE: GRI 1-4 Reporting principles: Accuracy, Balance, Clarity, Comparability, Completeness, Sustainability context, Timeliness. GRI 3-2 List of material topics.