Equinix Prices $1.2B in Green Bonds
April 12, 2022
priced $1.2 billion principal amount of 3.90% senior green notes due 2032 (the
"green bonds") in its fourth green bond offering. The green bonds will be used
to help advance the company's longstanding commitment to sustainability
leadership and reducing its environmental impact. The offering is expected to
close on April 5, 2022, subject to the satisfaction of customary closing
Keith Taylor, Chief Financial Officer, Equinix said, "We are proud that Equinix
is now the fourth largest issuer of green bonds globally. With the capital
generated from this financing, we will continue to strengthen our longstanding
environmental commitments while aligning our sustainability strategy with our
Use of proceeds from previous green bonds issued by Equinix have been allocated
toward initiaitives that include:
In February, Equinix opened a new IBX data center—MU4—located in Aschheim near Munich, Germany. Like other new Equinix builds in Germany, MU4 features a green façade and partially planted roof. The greenery acts as additional natural insulation and cooling, also ensuring the building blends into the cityscape. The next construction phase of the data center will see the installation of an Aquifer Thermal Energy Storage (ATES) system which enables thermal energy to be stored and recovered, and will help further optimize cooling efficiency, reducing the site's overall carbon footprint. The data center is be powered by 100% renewable energy—purchased through a green power certificate from local supplier, Mainova. In addition to these measures, Equinix is also exploring options to provide waste heat from the MU4 data center to external consumers in the future.
Last year, Equinix became the first in the data center industry to commit to globally reaching climate-neutral by 2030, backed by science-based targets and an aggressive sustainability innovation agenda. Aligned with the Paris Climate Agreement, this 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.
Equinix's approved emissions reduction target by the Science Based Target initiative (SBTi) builds on the company's strong track record of sustainable growth and innovation, including achieving over 90% renewable energy coverage for its data centers since 2018.
Equinix has maintained an A- score for its CDP Climate Change Survey since FY20, a leading environmental rating system focused on climate-related transparency and action, recognizing the company's transparency and performance around addressing climate risks. Equinix has also been recognized by the U.S. EPA every year since 2015 on its list of Top 100 Green Power Partners, which recognizes corporate contributions to helping advance the development of the nation's green power market, and Equinix's commitment to reach 100% clean and renewable energy across its portfolio.
Equinix continues to advance its green initiatives through its participation in the Climate Neutral Data Centre Operator Pact and Self-Regulatory Initiative. The Pact marks the first time the data center industry has come together to solidify its commitment to ensure that European data centers are carbon neutral by 2030, among other environmental priorities.