November 20, 2017
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DALLAS, Nov. 20, 2017 /PRNewswire/ -- Digital Realty (NYSE:DLR, news, filings), a leading global provider of data center, colocation and interconnection solutions, announced today that it earned Nareit's 2017 data center "Leader in the Light" award, recognizing the company's sustainability and energy-efficiency achievements.
The award, given at the annual REITworld convention in Dallas, honors Nareit member companies that have produced superior, measurable results from the implementation of sustainable business practices. Digital Realty has also been recognized by the US EPA for its sustainability leadership, ranking sixth on its 2017 list of the top 30 green power users in the technology and telecom industries.
Digital Realty procures approximately 400,000 megawatt-hours of wind power annually, which offsets 100% of its U.S. colocation and interconnection energy usage, reducing the company's carbon footprint by approximately 275,000 metric tons per year. The environmental benefits from this agreement will have an impact comparable to taking 58,000 cars off the road each year, or offsetting the carbon emissions from 29,000 U.S. homes per year.
"We are grateful to be recognized by our industry's preeminent trade group for our sustainability achievements," said Digital Realty Chief Executive Officer A. William Stein. "As leaders in an energy-intensive industry, we view it as our duty to prioritize and champion environmental stewardship and responsible business practices."
Digital Realty Director of Sustainability Aaron Binkley added, "As a hub of the modern digital economy, the quality of our data centers plays a crucial role in determining the overall energy efficiency of our customers' businesses. We are honored to provide our customers a responsible solution to their data center needs that significantly reduces the environmental impact of their operations."
About Digital Realty
Digital Realty supports the data center and colocation strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
For Additional Information:
Andrew P. Power
Chief Financial Officer
Director, Public Relations
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the Leader in the Light award, our sustainability efforts and the expected benefits from our sustainability program. These risks and uncertainties include, among others, the following: the impact of current global economic, credit and market conditions; current local economic conditions in the metropolitan areas in which we operate; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or developed properties or businesses; the suitability of our properties and data center infrastructure, delays or disruptions in connectivity, failure of our physical and information security infrastructure or services or availability of power; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development of properties; decreased rental rates, increased operating costs or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and development space; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; the impact of the United Kingdom's referendum on withdrawal from the European Union on global financial markets and our business; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2016 and Quarterly Report on Form 10-Q for the quarters ended March 31, 2017, June 30, 2017 and September 30, 2017. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Digital Realty