Switch Issues Annual Environmental, Social and Governance Report

Rhea-AI Summary

Switch, Inc. (NYSE: SWCH) released its 2020 Environmental, Social, and Governance (ESG) Report, showcasing its commitment to sustainability and corporate governance. Key highlights include being 100% renewably powered since 2016, achieving zero Scope 2 emissions, and having a carbon intensity of 9.5 mtCO2e per million USD revenue. The report also features a diverse leadership team, with 38% female board representation. Other achievements include ENERGY STAR certification for 70% of buildings and plans for 555 MW of solar power in Nevada.

Positive

• 100% renewably powered since 2016.
• Zero Scope 2 emissions since 2016.
• 40% ethnic diversity in workforce.
• 100% of medical insurance covered for employees and families.
• 38% of board members are female.

Negative

• None.

LAS VEGAS, April 30, 2021 /PRNewswire/ -- Switch, Inc. (NYSE: SWCH) ("Switch"), the exascale technology infrastructure corporation, today issued its 2020 Environmental, Social and Governance (ESG) Report, which is prepared in accordance with GRI, TCFD and SASB reporting frameworks. This report highlights Switch's leadership, innovation, and accomplishments across the spectrum of environmental stewardship, social commitment, and sound corporate governance.  

"When I founded Switch, I intentionally incorporated the timeless principle of Karma into our culture – putting good energy into the world returns good energy back," said Switch Founder and CEO, Rob Roy. "This philosophy is deeply embedded in our business and operating strategy and how we treat our clients, employees and the communities where we operate. As the report demonstrates, Switch continues to prove and advance its ongoing commitment to these ideals."

Switch's 2020 ESG Report highlights include: 

Environmental

• 100% renewably powered since 2016
• 0 - Scope 2 emissions since 2016
• Carbon Intensity = 9.5 mtCO2e / million USD (Revenue)

Social

• CIO, COO, CCO and CMO are women
• 40% ethnic diversity across total work force
• Switch pays for 100% of medical insurance premiums for all employees and their families

Governance

• 38% of board is female (3 of 8)
• 75% of directors are independent
• 50% board diversity ratio
• Board oversight of ESG
• 100% of the board committees are independent

Other highlights include, receiving EPA's ENERGY STAR^® certification for 70% of its eligible buildings, remaining in the top 10 for corporate clean energy use in Solar Energy Industries Association's annual report, becoming a member of the United Nations Global Compact and the announcement of 555 MW of solar power and over 800 MWh of battery storage for Rob Roy's Gigawatt Nevada solar project.

A full copy of the report can be found here.

About Switch
Switch, Inc. (NYSE: SWCH), is the independent leader in exascale data center ecosystems, edge data center designs, industry-leading telecommunications solutions and next-generation technology innovation. Switch Founder and CEO Rob Roy has developed more than 750 issued and pending patent claims covering data center designs that have manifested into the company's world-renowned data centers and technology solutions.

We innovate to sustainably progress the digital foundation of the connected world with a focus on enterprise-class and emerging hybrid cloud solutions. The Switch PRIMES, located in Las Vegas and Tahoe Reno, Nevada; Grand Rapids, Michigan; and Atlanta, Georgia are the world's most powerful exascale data center campus ecosystems with low latency to major U.S. markets. Visit switch.com for more information or follow us on LinkedIn and Twitter.

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SOURCE Switch

FAQ

What are the key highlights of Switch's 2020 ESG Report?

Switch's 2020 ESG Report highlights include 100% renewable energy usage since 2016, zero Scope 2 emissions, and 38% female representation on its board.

How diverse is Switch's leadership team?

Switch's leadership team includes women in key roles, and 40% of its workforce is ethnically diverse.

What environmental achievements did Switch announce in its report?

Switch achieved ENERGY STAR certification for 70% of its eligible buildings and has a carbon intensity of 9.5 mtCO2e per million USD revenue.

What solar power initiatives is Switch pursuing?

Switch announced the development of 555 MW of solar power as part of Rob Roy's Gigawatt Nevada solar project.