CyrusOne Pledges to Become Carbon Neutral by 2040
Pledge Underscores CyrusOne’s Commitment to Minimizing its Carbon Footprint and Supporting Customers in their Sustainability Journey
Dallas, Texas – September 23, 2020 – 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.
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.
David M. Baum