Cologix issued its 2nd annual ESG Report. Key initiatives for advancing its ESG goals include targeting to become carbon neutral by 2030.
Cologix, North America’s leading network-neutral interconnection and hyperscale edge data center company, today issued its 2nd annual Environmental, Social and Governance (ESG) Report. The report outlines Cologix’s progress and key initiatives for advancing its ESG goals that include setting a target to become carbon neutral by 2030.
The report follows a year of continuing expansion and major partner investment for Cologix, including a $3 billion equity recapitalization by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The equity recapitalization was announced in December 2021 and closed in April 2022. This transaction successfully positions Cologix to accelerate its expansion plans with a strong focus on ESG investments.
The foundation for the ESG report was the company’s first ever materiality study conducted in 2021. The robust assessment involved interviewing stakeholders to gather insights and feedback on the issues most impactful to Cologix related to environmental, social and governance strategy.
This report shares Cologix’s ESG data and efforts during the 2021 fiscal year and includes data specific to initiatives launched in early 2022. All Cologix sites are engaged in the ESG program and initiatives outlined in the report.
Major report highlights include:
Commitment to Become Carbon Neutral by 2030. Across its footprint, Cologix is setting the course for carbon neutrality. This includes developing strategies that will transition Cologix facilities to renewable energy, building efficient and forward-thinking data centers, and engaging like-minded, green-focused energy partners in advancing a solid foundation for carbon neutrality.
Since 2016, Cologix has invested more than $20 million in environmental projects, including the completion of 69 environmental Cap/Ex projects since 2020. Currently, 47 percent of Cologix data center power is sourced from renewable energy sources. The company’s goal is to procure a majority of its energy from entirely renewable energy sources.
Formation of an ESG Steering Committee. The committee is composed of key leaders across Cologix, with subcommittees in the areas of environmental, social and governance strategy. This committee reports directly to Fathers and will meet regularly with the Board of Directors regarding the ESG roadmap and progress.
Launch of Cologix’s First Formal Employee Resource Group – Cologix Women’s Connection Network. This is just one step in the company’s commitment to create more diversity, equity and inclusion (DEI) programming at Cologix. The company currently has more than 50 percent female representation on its leadership team.
Taking Concrete Steps to Formalize Diversity, Equity and Inclusion Initiatives. This includes a commitment to include diverse populations in every interview process at Cologix by 2025. The company also plans to set diversity related targets by 2024 for women and ethnically diverse groups and to achieve those targets by 2030.
Published first disclosure aligned with the Task Force on Climate-Related Financial Disclosures. The Task Force, created in 2015, works to improve and increase reporting of climate-related financial information with a key goal of encouraging investment in sustainability-focused projects and companies. Cologix also will continue to align with the Sustainability Accounting Standards Board’s guidance for IT services and technology companies. These measures are designed to ensure Cologix’s reporting aligns with transparency initiatives for the data center industry and the corporate sector.