Equinix: Equinix becomes one of the top 10 largest US corporate issuers after issuing $750m in green bonds

Equinix has now become one of the top 10 largest US corporate issuers in the market, issuing $750 million in green bonds across two offerings. The company says it will use the proceeds to advance sustainability initiatives across its business. Equinix said the funding will be towards initiatives that “form the backbone of the company's sustainability mission,” which include green building development and renewable energy innovations, as well as advanced energy efficiency, resource conservation and decarbonization solutions.

"Green bonds serve as a valuable means to secure funding and support significant initiatives that enhance the sustainability of our operations," explains Katrina Rymill, SVP for corporate finance and sustainability at Equinix. "Over the last five years, our green bonds have funded 172 green building projects across 105 sites, 33 energy efficiency projects and two Power Purchase Agreement (PPA) projects.”

Rymill added that green bonds “underscore Equinix's dedication to build[ing] energy-efficient infrastructure, implement renewable energy sources and reduce our carbon emissions. Through the allocation of our green bonds, we have been able to directly align our financing needs with our sustainability strategy."