Equinix sets 2030 global climate-neutral target
First in the data centre industry to commit to reaching climate-neutral by 2030, backed by science-based target and sustainability innovation agenda...
Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company™, announced today that it is committed to becoming climate-neutral and has set a science-based target (SBT) for emissions reduction across its global operations and supply chain by 2030. Aligned with the Paris Climate Agreement, this commitment is a critical step to ensure that Equinix continues to advance investments and innovations to reduce greenhouse gas emissions and keep global warming to 1.5 degrees Celsius.
The expected impact of these sustainability efforts on the broader digital ecosystem is sizable, and Equinix’s many and diverse customers are expected to benefit from the greening of their digital supply chains. Equinix plans to remain committed to engaging these stakeholders to drive transparency and impact.
The targets are supported by Equinix’s leadership and strategies across renewable energy, green finance, public policy advocacy, and leading design and operations. Equinix’s approved emissions reduction target by the Science Based Target initiative (SBTi) builds on the company’s strong track record on sustainable growth and innovation, including achieving over 90% renewable energy coverage for its data centers from 2018 to 2020.
To date, Equinix has issued $3.7 billion in green bonds toward environmentally sustainable projects across green buildings, renewable energy, energy and water efficiency, waste and clean transportation. Equinix is a founding member of the EU Climate Neutral Data Centre Operator Pact, as well as a founding board member of the Renewable Energy Buyers Alliance (REBA). The company is committed to designing and operating with an environmental focus, and in 2020 invested $14 million to stand up a global Energy Efficiency Center of Excellence dedicated to driving improved efficiencies across its sites.
As part of its science-based target, Equinix is aiming to reduce its Scope 1 and 2 emissions (direct and indirect from electricity) by 50% by 2030 against a 2019 baseline. To achieve this goal, Equinix is targeting to reach 100% renewable energy by 2030, fulfilling its commitment to RE100. Additional carbon emission reductions will be achieved through driving energy efficiency savings, reducing refrigerant loss, phasing out high global warming potential (GWP) refrigerants and investigating the replacement of diesel generators with cleaner on-site generation technologies.
Equinix is also committing to partnering with top suppliers by engaging with those responsible for 66% of Equinix’s Purchased Goods and Services and Capital Goods supplier-related emissions, to set their own science-based targets by 2025. The company will also address fuel- and energy-related activities (FERA) with the aim to reduce the carbon associated with the delivery of power to its sites by 50% by 2030.
Beyond achieving its science-based targets, Equinix aims to reach climate-neutrality by 2030 across its Scope 1 and 2 emissions. The company plans to take advantage of select carbon offsets and investigate new innovations, such as biodiesel, green hydrogen and other lower carbon on-site generation technologies.