CyrusOne Pledges to Become Carbon Neutral by 2040
September 23 2020 - 08:00AM
Business Wire
Pledge Underscores CyrusOne’s Commitment to
Minimizing its Carbon Footprint and Supporting Customers in their
Sustainability Journey
CyrusOne Inc. (NASDAQ: CONE), a premier global data center real
estate investment trust (REIT), today announced a pledge to become
carbon neutral by 2040 through the reduction of carbon emissions
across the company’s global data center portfolio. To achieve this
goal, CyrusOne will focus on using renewable energy to power data
centers, designing energy-efficient new buildings, and upgrading
existing facilities.
As CyrusOne expands into new markets, the company is focused on
purchasing renewables, leveraging green power, and integrating
sustainable design components for all facilities. At existing
locations, CyrusOne is strategically evaluating upgrades and
technologies that reduce carbon intensity and add renewable power
to the grid, while remaining cost-effective to meet customers’
needs.
“Making a pledge to become carbon neutral within the next 20
years is an important milestone in our mission to increase our
global sustainability efforts, and help customers toward their
sustainability goals,” said Bruce W. Duncan, President and CEO of
CyrusOne. “We recognize sustainability as a company-wide priority
and are working to reduce our environmental footprint."
CyrusOne’s carbon neutral commitment supports recent global
actions to offset carbon emissions. Last year, the company
announced that its London I, London II, and London III data centers
are running on 100% renewable energy, delivering sustainable
infrastructure to customers globally.
The 2040 carbon neutral pledge will build on sustainable,
energy-efficient efforts continually put forward by CyrusOne, such
as the utilization of building management systems, economizers, and
high efficiency chillers. CyrusOne will also publish its first,
comprehensive Sustainability Report in October, highlighting the
array of ESG initiatives the company is undertaking.
About CyrusOne
CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in
design, construction and operation of more than 50 high-performance
data centers worldwide. The company provides mission-critical
facilities that ensure the continued operation of IT infrastructure
for approximately 1,000 customers, including approximately 200
Fortune 1,000 companies.
A leader in hybrid-cloud and multi-cloud deployments, CyrusOne
offers colocation, hyperscale, and build-to-suit environments that
help customers enhance the strategic connection of their essential
data infrastructure and supporting achievement of sustainability
goals. CyrusOne data centers offer world-class flexibility,
enabling clients to modernize, simplify, and rapidly respond to
changing demand. Combining exceptional financial strength with a
broad global footprint, CyrusOne provides customers with long-term
stability and strategic advantage at scale.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements, other than statements of historical facts,
are statements that could be deemed forward-looking statements.
These statements are based on current expectations, estimates,
forecasts, and projections about the industries in which we operate
and the beliefs and assumptions of our management as of the date of
this press release. Words such as “pledges,” "expects,"
"anticipates," "predicts," "projects," "intends," "plans,"
"believes," "seeks," "estimates," "continues," "endeavors,"
"strives," "may," variations of such words and similar expressions
are intended to identify such forward-looking statements. In
addition, any statements that refer to projections of our future
financial performance or operations, our anticipated growth and
trends in our and our customers’ respective businesses and
industries, and other characterizations of future events or
circumstances, including statements about becoming carbon neutral
by 2040, are forward-looking statements. Readers are cautioned
these forward-looking statements are based on current expectations
and assumptions that are subject to risks and uncertainties, which
could cause our actual results to differ materially and adversely
from those reflected in the forward-looking statements. More
information on these risks and uncertainties and other potential
factors that could affect the Company’s business and financial
results is included in CyrusOne’s filings with the U.S. Securities
and Exchange Commission, including in the “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” sections of the Company’s most recently
filed periodic reports on Form 10-K and Form 10-Q and subsequent
filings. The Company disclaims any obligation other than as
required by law to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors
or for new information, data or methods, future events or other
changes.
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David M. Baum CyrusOne@allisonpr.com +1 646.428.0620
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