SAN FRANCISCO, Nov. 8, 2018 /PRNewswire/ -- Digital Realty
(NYSE: DLR), a leading global provider of data center, colocation
and interconnection solutions, announced today it has earned the
National Association of Real Estate Investments Trusts (Nareit)
data center "Leader in the Light" award, recognizing the company's
industry-leading sustainability and energy-efficiency achievements,
for the second consecutive year. The award, given at the REITworld
2018 annual conference in San
Francisco, 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 U.S. EPA for its
sustainability leadership, ranking among the top 30 green power
users in the technology and telecom industries, and was recently
named a 2018 Green Lease Leader by the Institute for Market
Transformation and the Department of Energy's Better Buildings
Alliance at the BOMA Expo. Digital Realty has executed
contracts to procure 184 megawatts of renewable energy annually.
This will reduce the company's carbon footprint by approximately
536,000 metric tons per year. The environmental benefits from
this agreement will have an impact comparable to taking 114,000
cars off the road each year, equivalent to the energy needs of more
than 57,000 homes per year.
"We are honored to be recognized by the worldwide representative
voice for the REIT industry two years in a row," said Digital
Realty Chief Executive Officer A. William
Stein. "As the largest data center provider in the
world, we view it as our duty to prioritize and champion
environmental stewardship and responsible business practices, and
we will continue to empower our customers to reach their renewable
energy goals through our rapidly expanding sustainability
strategies and solutions."
Digital Realty Senior Director of Sustainability Aaron Binkley added, "The best way to enact
change is to lead by example, which is why we're focused on
powering our global portfolio with one hundred percent renewable
energy. Our efforts are one piece of the puzzle, as we work
with our customers, suppliers, and employees to scale our renewable
energy efforts and sustainability initiatives to reduce our overall
environmental impact."
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
cloud and information technology services, communications and
social networking to financial services, manufacturing, energy,
healthcare, and consumer products.
For Additional Information
Andrew P. Power
Chief Financial Officer
Digital Realty
(415) 738-6500
Media Inquiries
Clive
Over
Director, Public Relations
Digital Realty
(415) 848-9456
cover@digitalrealty.com
Wilson Craig
SVP/GM
Mindshare PR
(408) 516-6182
wilson@mindsharepr.com
Investor Relations
John J.
Stewart / Maria S. Lukens
Digital Realty
(415) 738-6500
investorrelations@digitalrealty.com
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: reduced demand for data centers or
decreases in information technology spending; decreased rental
rates, increased operating costs or increased vacancy rates;
increased competition or available supply of data center space; the
suitability of our data centers and data center infrastructure,
delays or disruptions in connectivity or availability of power, or
failures or breaches of our physical and information security
infrastructure or services; our dependence upon significant
customers, bankruptcy or insolvency of a major customer or a
significant number of smaller customers, or defaults on or
non-renewal of leases by customers; breaches of our obligations or
restrictions under our contracts with our customers; our inability
to successfully develop and lease new properties and development
space, and delays or unexpected costs in development of properties;
the impact of current global and local economic, credit and market
conditions; our inability to retain data center space that we lease
or sublease from third parties; difficulty acquiring or operating
properties in foreign jurisdictions; our failure to realize the
intended benefits from, or disruptions to our plans and operations
or unknown or contingent liabilities related to, our recent
acquisitions; our failure to successfully integrate and operate
acquired or developed properties or businesses; difficulties in
identifying properties to acquire and completing acquisitions;
risks related to joint venture investments, including as a result
of our lack of control of such investments; 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; our
failure to obtain necessary debt and equity financing, and our
dependence on external sources of capital; financial market
fluctuations and changes in foreign currency exchange rates;
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 and
goodwill and other intangible asset impairment charges; our
inability to manage our growth effectively; losses in excess of our
insurance coverage; environmental liabilities and risks related to
natural disasters; our inability to comply with rules and
regulations applicable to our company; our failure to maintain our
status as a REIT for federal income tax purposes; our operating
partnership's failure to qualify as a partnership for federal
income tax purposes; restrictions on our ability to engage in
certain business activities; and changes in local, state, federal
and international laws and regulations, including related to
taxation, 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, 2017 and Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2018, June 30,
2018 and September 30,
2018. 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