Equinix Strengthens Sustainability with $750 Million in Green Bonds, Targets Climate Neutrality by 2030
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- Equinix issued over $750 million in green bonds, raising its total to $5.6 billion.
- Funds will drive sustainable projects, from energy efficiency to decarbonization.
- Equinix aims for climate neutrality by 2030, aligning financing with sustainability goals.
Equinix, the world’s leading digital infrastructure company, has issued more than $750 million in green bonds, furthering its commitment to sustainability. With these new bonds, Equinix has raised a total of $5.6 billion in green bonds, positioning itself among the top 10 largest U.S. corporate issuers in the investment-grade green bond market.
“Green bonds serve as a valuable means to secure funding and support significant initiatives that enhance the sustainability of our operations,” said Katrina Rymill, SVP Corporate Finance & Sustainability at Equinix.
The recent issuance includes €600 million in 3.65% senior green notes due 2033 and 100 million Swiss Francs in 1.5575% senior green notes due 2029. Equinix plans to allocate the proceeds to finance or refinance Eligible Green Projects, covering expenditures two years before and up to three years after the issuance. These projects focus on green buildings, renewable energy, and advanced energy efficiency.
Equinix’s sustainability efforts are aligned with its Green Finance Framework, which follows the Green Bond and Green Loan Principles. This framework ensures transparency in green debt disclosures and advances global climate change initiatives. Equinix continues to push for climate neutrality by 2030, leveraging these funds to build eco-efficient infrastructure and reduce carbon emissions.
Globally, Equinix achieved 96% renewable energy coverage across its portfolio in 2023 and improved power usage efficiency by 8%. Additionally, the company earned the top ranking in the CDP Climate Change A List for the second year in a row, reflecting its leadership in climate performance.
Related Article: China’s National Development Bank Issues $1.7 Billion in Green Bonds to Fund Key Sustainability Projects and Cut 697,200 Tonnes of CO2 Annually
Equinix’s commitment extends beyond its own operations, as it is a founding signatory of the Climate Neutral Data Centre Operator Pact, a self-regulatory initiative guiding the EU data center industry toward climate neutrality by 2030.
By continuing to align its financing strategies with its sustainability mission, Equinix remains at the forefront of green innovation and responsible corporate practices.