Sustainability Dec. 20, 2023 PRNewswire/ -- Equinix, Inc., the world's digital infrastructure companyNasdaq (NASDAQ***EQIX) today announced the full allocation of $4.9 billion in investment-grade green bonds to advance its progress toward near-term science-based targets to achieve climate neutrality by 2030 and improve the operational eco-efficiency of its operations. Since 2020, six bonds have been issued, and as of the end of June 2023, all bonds have been fully allocated.
Over the past five years, bond issuance has supported 172 green building projects, 33 energy efficiency projects and two power purchase agreement (PPA) projects in 105 locations. The PPA supports 225 MW of renewable energy capacity and is expected to reduce or avoid 383,300 tonnes of CO2 equivalent per year, equivalent to the annual emissions of more than 85,296 gasoline-powered passenger vehicles.
Equinix has developed the Green Finance Framework in line with the Green Bond Principles and the Green Loan Principles, a set of guidelines that promote transparency and integrity and standardize green debt disclosures. The framework aims to strengthen Equinix's focus on protecting the environment and tackling global climate change by reducing greenhouse gas emissions, improving resource efficiency, and increasing corporate transparency and accountability.
In line with the International Capital Market Association's 2018 Green Bond Principles (GBP) and syndicated loans and ** the Association's 2020 Green Loan Principles (GLP), Equinix allocates 100% of the net proceeds from green financing to a portfolio of eligible green projects that demonstrate how Equinix can sustainably build and operate, including green buildings;Renewable energy;Energy efficiency;Sustainable water and wastewater;Waste Management;and clean transportation.
Equinix believes that green bonds are a valuable tool for raising capital and financing large-scale projects to improve the sustainability of our business. Our Green Bond exemplifies Equinix's ongoing commitment to designing, building, and delivering the most reliable, secure, and sustainable data centers and digital infrastructure that benefit our customers, the communities in which we operate, our investors, and the planet," said Katrina Rymill, Senior Vice President, Corporate Finance & Sustainability, Equinix. "Through the allocation of green bonds, we continue to be able to directly align our financing needs with our sustainability strategy. ”
Equinix publishes an annual Green Bond Allocation and Impact Report to provide transparency on progress. Available on the Equinix website**Annual Sustainability Report.
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