Equinix Issues More Than $750 Million in Green Bonds to Drive Sustainability Initiatives

Core Viewpoint - Equinix, Inc. has successfully issued over $750 million in green bonds, contributing to its sustainability initiatives and operational eco-efficiency improvements, totaling approximately $5.6 billion in green bonds issued to date, positioning it among the top 10 largest U.S. corporate issuers in the investment-grade green bond market [1][5]. Group 1: Green Bond Issuance - The recent green bond offerings include €600 million of 3.65% senior green notes due 2033 and Swiss Franc 100 million of 1.5575% senior green notes due 2029, with effective coupon rates of 3.62% and 1.67% after hedging [2][3]. - Equinix has utilized rate locks to hedge interest rate risks associated with these bond issuances [2]. Group 2: Sustainability Initiatives - Proceeds from the green bonds will finance or refinance Eligible Green Projects, which include green building development, renewable energy innovations, and advanced energy efficiency projects [3][4]. - Over the past five years, Equinix's green bonds have funded 172 green building projects across 105 sites, 33 energy efficiency projects, and two Power Purchase Agreement projects [2]. Group 3: Environmental Commitment - Equinix's 2024 Green Finance Framework aligns with the Green Bond Principles and aims to enhance environmental protection and address climate change through greenhouse gas emissions reductions and increased resource efficiency [4]. - The company achieved 96% renewable energy coverage in 2023 and improved its power usage effectiveness (PUE) by over 8% compared to the previous year [6]. Group 4: Recognition and Industry Leadership - Equinix was recognized for its climate performance by achieving the highest ranking on CDP's Climate Change A List for the second consecutive year, with less than 2% of over 23,000 companies receiving this top score [6]. - The company is a founding signatory of the Climate Neutral Data Centre Operator Pact, advocating for sustainability requirements in the EU data center industry to achieve climate neutrality by 2030 [7].