CoreSite Issues 2018 Corporate Sustainability Report
October 14 2019 - 4:15PM
Business Wire
Customers, Colleagues and Communities – How
CoreSite’s Business Strategy intertwines with Sustainability
Practices
CoreSite Realty Corporation (NYSE:COR), (the “Company”) a
premier provider of secure, reliable, high-performance data center
and interconnection solutions in major U.S. metropolitan areas,
today announced it has issued its “2018 Corporate Sustainability
Report – Another year into our journey,” which is posted on the
Company’s website.
“Customers, Colleagues, and Communities are three words to
describe how our business strategy intertwines with our
sustainability practices,” said Paul Szurek, CoreSite’s President
and Chief Executive Officer. “Since 2001, CoreSite has been
committed to best-in-class customer experience and value, an
engaging, attractive and diverse employment environment, and
practices that help our customer communities thrive sustainably, In
our second Corporate Sustainability Report, we summarize our
ongoing journey of being a responsible steward of our business for
all our stakeholders.”
Below are a few 2018 highlights from the 2018 Corporate
Sustainability Report.
Customers – CoreSite’s energy efficient
data centers
CoreSite seeks the least carbon-intensive generation sources
consistent with its customers’ economic goals and options permitted
in its markets. As part of that objective, CoreSite’s 2018
accomplishments included -
- completing a chiller project for more than 9,800 MW of energy
savings achieved in 2018 at its LA2 data center and being awarded
nearly $3 million by the Los Angeles Department of Water and Power
for this project and its savings
- achieving “Seven 9s” of reliability across its platform of data
center facilities, resulting in high customer satisfaction,
and
- improving its 2018 Power Utilization Effectiveness by about 7%
on a same-store basis compared to 2017.
Colleagues – A culture of
responsibility, transparency, innovation and operational
excellence
CoreSite continues to shape its culture by empowering its
employees and valuing their diversity and leadership, which
ultimately drives the Company’s success and that of our
stakeholders. Key metrics for 2018 included -
- women represented 41% of CoreSite’s headquarters workforce and
20% of its Board of Directors
- minorities and veterans represented 42.3% and 14.5%,
respectively, of its total workforce, and
- an average workforce tenure of 4.1 years.
Communities – Rich ecosystem of
customers that work seamlessly together
CoreSite enables customers to interoperate securely and
reliably, promoting their use of shared infrastructure, which
reduces their collective data center footprint. With CoreSite’s
valuable eco-system, customers can -
- access 75% of U.S. business within 5 milliseconds,
- connect to over 775 network, Internet, cloud and IT service
providers, as well as connect to over 525 enterprises and digital
content providers, and
- access Cloud direct connections in all eight of CoreSite’s
markets.
“A formal Corporate Sustainability program is a continuous
quest, and I look forward to the road ahead, as we persist in
focusing holistically on a broad range of success measures that
take into account all of our stakeholders,” said Szurek.
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
reliable, high-performance data center and interconnection
solutions to a growing customer ecosystem across eight key North
American markets. More than 1,350 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 450+ 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 amount 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; 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/20191014005665/en/
CoreSite Contact Carole Jorgensen Vice President Investor
Relations and Corporate Communications 303-405-1012
InvestorRelations@CoreSite.com
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