American Tower Corporation Releases 2023 Sustainability Executive Report

Rhea-AI Summary

American Tower (NYSE: AMT) has released its 2023 Sustainability Executive Report, highlighting progress across its Environment, Social, and Governance pillars. Key achievements include:

• Reduced combined scope 1 and 2 GHG emissions
• Increased on-site renewable energy generation by 40% globally
• Protected nearly 5,000 bird nests and supported planting over 150,000 trees
• Distributed over $4 million through various giving programs
• Opened 144 new Digital Communities, serving over 720,000 people across 15 countries

The company's Power-as-a-Service program has been important in reducing emissions and enhancing environmental efforts. CEO Steve Vondran emphasized the company's commitment to embedding sustainability into core operations and making a positive global impact.

BOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today announced the release of its 2023 sustainability executive report and accompanying indices and supplements, which outline the Company's sustainability strategy and provide a comprehensive overview of the progress made across the three pillars of its program—Environment, Social and Governance.

“At American Tower, we seek to embed sustainability into our core operations, ” said Steve Vondran, American Tower’s President and Chief Executive Officer. “In 2023, we further reduced our greenhouse gas emissions, largely due to the continued success of our Power-as-a-Service program. This initiative focuses on renewable energy generation, energy efficiency and advanced energy storage systems, and has played a crucial role in bolstering our environmental efforts. Additionally, our growing Digital Communities program has enhanced education, healthcare access and financial literacy in underserved markets. I’m proud of our employees' commitment to supporting our stakeholders while making a positive global impact.”

The report highlights the Company’s sustainability progress including:

• Achieved continued reduction in combined scope 1 and 2 GHG emissions
• Increased on-site renewable energy generation by 40% globally, growing capacity from 87 megawatts (MW) to approximately 120 MW across over 18,000 sites, producing more than 100 gigawatt hours of clean energy
• Protected nearly 5,000 bird nests and supported the planting of over 150,000 trees worldwide
• Distributed more than $4 million through workplace giving and matching programs, volunteer events, disaster-relief donations and contributions from the American Tower Foundation
• Opened 144 new Digital Communities, raising the total to more than 580, serving over 720,000 people across 15 countries with more than 450,000 training course certificates awarded since inception

For more information on American Tower’s sustainability program and to view the Company’s 2023 Sustainability Executive Report and accompanying indices and supplements, please visit the “Sustainability” portion of the Company’s website at www.americantower.com/sustainability.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit www.americantower.com.

Cautionary Language Regarding Forward-Looking Statements

This press release contains “forward-looking statements” concerning the Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. Actual results may differ materially from those indicated in the Company’s forward-looking statements as a result of various factors, including those factors set forth under the caption “Risk Factors” in Item 1A of its most recent annual report on Form 10-K, and other risks described in documents the Company subsequently files from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717864310/en/

ATC Contact: Adam Smith

Senior Vice President, Investor Relations and FP&A

Telephone: (617) 375-7500

Source: American Tower Corporation

FAQ

What are the key highlights of American Tower's (AMT) 2023 Sustainability Report?

American Tower's 2023 Sustainability Report highlights reduced GHG emissions, 40% increase in on-site renewable energy generation, protection of nearly 5,000 bird nests, planting of over 150,000 trees, $4 million in charitable giving, and expansion of Digital Communities program serving over 720,000 people across 15 countries.

How much did American Tower (AMT) increase its on-site renewable energy generation in 2023?

American Tower increased its on-site renewable energy generation by 40% globally in 2023, growing capacity from 87 megawatts to approximately 120 megawatts across over 18,000 sites, producing more than 100 gigawatt hours of clean energy.

What is American Tower's (AMT) Power-as-a-Service program?

American Tower's Power-as-a-Service program focuses on renewable energy generation, energy efficiency, and advanced energy storage systems. It has played a important role in reducing greenhouse gas emissions and bolstering the company's environmental efforts.

How many Digital Communities did American Tower (AMT) open in 2023?

American Tower opened 144 new Digital Communities in 2023, bringing the total to more than 580 communities serving over 720,000 people across 15 countries. These communities have awarded more than 450,000 training course certificates since inception.

What environmental initiatives did American Tower (AMT) undertake in 2023?

In 2023, American Tower reduced its combined scope 1 and 2 GHG emissions, increased on-site renewable energy generation by 40%, protected nearly 5,000 bird nests, and supported the planting of over 150,000 trees worldwide.