CoreSite Issues Annual Corporate Sustainability Report
June 07 2021 - 7:00AM
Business Wire
– Customers, Colleagues and Communities –
CoreSite Realty Corporation (NYSE:COR) (the “Company” or
“CoreSite”), a premier provider of secure, high-uptime data center
campuses with high-performance cloud access and interconnection
solutions in major U.S. metropolitan areas, today announced it has
issued its “2020 Corporate Sustainability Report,” which is posted
on the Company’s website.
““Customers, Colleagues, and Communities” describe the symbiosis
of our business strategy with our sustainability practices,” said
Paul Szurek, CoreSite’s President and Chief Executive Officer. “In
our most recent annual Corporate Sustainability Report, we
summarize another year in our journey of being a responsible
steward for all of our stakeholders. We remain committed to being
customer champions, people centered, and efficiency focused as we
serve our corporate purpose of providing trusted and
connectivity-rich data communities that power our customers’
digital transformations toward a more collaborative world.”
2020 Corporate Sustainability Report
Highlights
Customers – CoreSite’s energy efficient data center campuses
with high uptime and high-performance connectivity
CoreSite provides superior reliability and seeks the least
carbon-intensive energy generation sources consistent with its
customers’ economic goals and the options permitted in its markets.
As part of those objectives, CoreSite’s 2020 accomplishments
include –
- maintaining fully operational data centers throughout the
pandemic with safety protections for our essential staff and
customers at all sites,
- achieving “seven 9s” of power and cooling uptime across its
platform of data center facilities, more than ninety percent of
which operated at 100% uptime,
- Implementing new customer deployments “on time” 96.0% of the
time at an average satisfaction rating of 4.58 out of 5.00,
and
- decreasing its energy intensity per million dollars of revenue
and maintaining carbon intensity per net rentable square foot
compared to 2019, while expanding its operational footprint.
Colleagues – A culture of respect, responsibility,
transparency, innovation and operational excellence
CoreSite continues to shape its culture by empowering its
employees and valuing their diversity and leadership, ultimately
driving the Company’s success and that of its stakeholders. Key
metrics for 2020 include –
- increasing the participation in its employee engagement survey
by 8% compared to 2019,
- decreasing voluntary attrition to 9.0% from 10.8% in 2019, well
below the U.S average of 14.0%, and
- being recognized as one of the top places to work in the Bay
Area in 2020 and at its Denver headquarters in 2021.
Communities – Ecosystems of customers who work seamlessly
with each other
CoreSite strives to enhance its strong data center ecosystems to
provide its community of customers with agile collaborative
opportunities in their IT journeys while engaging with its local
communities. Highlights from CoreSite’s community involvement in
2020 include –
- providing 305.5 hours of volunteer service by its headquarters
employees despite COVID-19 related limitations,
- providing $56,000 worth of volunteer hours to Brother’s
Redevelopment Paint-A-Thon recipients over the last eight years,
and
- matching employee contributions to community organizations
resulting in $305,000 in total donations to benefit the communities
in CoreSite’s eight markets, of which $58,000 were contributed to
15 COVID-19 relief funds.
“2020 proved to be challenging for the entire world. I’m proud
of, and grateful to, our team for rising to the challenge by
keeping themselves and customers safe, overcoming obstacles with
diligence and agility, helping alleviate stress in local
communities, and continuing to build campus platforms that advance
our company’s purpose and strategy.” Paul Szurek stated.
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
high-uptime data center campuses with high-performance cloud access
and interconnection solutions to a growing customer ecosystem
across eight key North American markets. More than 1,375 of the
world’s leading enterprises, network operators, cloud providers,
and supporting service providers choose CoreSite to connect,
protect and optimize their performance-sensitive data, applications
and computing workloads. Our scalable, flexible solutions and 475+
dedicated employees consistently deliver unmatched data center
options — all of which leads to a best-in-class customer experience
and lasting relationships. For more information, visit
www.CoreSite.com.
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “believes,” “expects,”
“may,” “will,” “should,” “seeks,” “approximately,” “intends,”
“plans,” “pro forma,” “estimates” or “anticipates” or the negative
of these words and phrases or similar words or phrases that are
predictions of or indicate future events or trends and that do not
relate solely to historical matters. Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond CoreSite’s control that may
cause actual results to differ significantly from those expressed
in any forward-looking statement. These risks include, without
limitation: the geographic concentration of the Company’s data
centers in certain markets and any adverse developments in local
economic conditions or the level of supply of or demand for data
center space in these markets; fluctuations in interest rates and
increased operating costs; difficulties in identifying properties
to acquire and completing acquisitions; significant industry
competition, including indirect competition from cloud service
providers; failure to obtain necessary outside financing; the
ability to service existing debt; the failure to qualify or
maintain its status as a REIT; financial market fluctuations;
changes in real estate and zoning laws and increases in real
property tax rates; the effects on our business operations, demand
for our services and general economic conditions resulting from the
spread of the Novel Coronavirus (“COVID-19”) in our markets, as
well as orders, directives and legislative action by local, state
and federal governments in response to such spread of COVID-19; and
other factors affecting the real estate industry generally. All
forward-looking statements reflect the Company’s good faith
beliefs, assumptions and expectations, but they are not guarantees
of future performance. Furthermore, the Company disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
of new information, data or methods, future events or other
changes. For a further discussion of these and other factors that
could cause the Company’s future results to differ materially from
any forward-looking statements, see the section entitled “Risk
Factors” in its most recent annual report on Form 10-K, and other
risks described in documents subsequently filed by the Company from
time to time with the Securities and Exchange Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210607005081/en/
Kate Ruppe Investor Relations Manager 303-222-7369
InvestorRelations@CoreSite.com
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