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Akamai Advances Sustainability Initiative with Plans to Reduce Carbon Emissions and Cover 50% of Global Operations with Renewable Energy by 2020
Akamai Technologies, Inc. (NASDAQ: AKAM), the global leader in content delivery network (CDN) services, today announced its carbon reduction commitment to reduce the company’s absolute greenhouse gas emissions below 2015 levels by sourcing renewable energy for 50 percent of its network operations by 2020. Decarbonizing global operations by putting more renewable energy on the electrical grid is a critical next step in Akamai’s sustainability journey to reduce its environmental impact.
Akamai has had great success in decoupling its exponential business growth from energy and carbon impacts through network productivity and efficiency gains. However, its global operations will always require energy, highlighting the importance of procuring renewables to offset carbon-intensive, grid electricity.
Akamai is implementing a renewable energy procurement strategy focused on motivating the expansion of renewable energy markets and could provide a model for other companies with highly-distributed and less energy-intensive operations. The company has announced a commitment to long term investment in renewable energy projects, geographically aligned with network operations and commensurate with aggregate network energy usage that includes third-party, colocation data centers. The company plans to enter into long term agreements with developers to purchase electricity from new projects at a fixed-price, retiring the bundled renewable energy certificates. These agreements are structured to help developers secure financing for projects that might otherwise not have been built. Following this strategy, it is expected that by 2020 Akamai’s global network operations will cover 50 percent of electricity consumption using renewable energy, and lower carbon emissions below 2015 levels, despite a potential 45 percent increase in network traffic. For more details about this initiative, please visit the Akamai blog.
“I’m proud of, and excited about, Akamai’s strong commitment to addressing this important sustainability challenge,” said Noam Freedman, senior vice president of networks, Akamai. “Our customers are going clean and green and we want to help them go faster forward with a low-carbon-powered, global delivery network.”
Devon Leahy, Director of Sustainability and Social Innovation at Etsy, agreed with this point, "The ability to get clean-powered, low-carbon content delivery from Akamai is a powerful way to extend our own sustainability initiatives.”
As the global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company's advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere. To learn how Akamai solutions and its team of Internet experts are helping businesses move faster forward, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.
Akamai Statement Under the Private Securities Litigation Reform Act
This release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, failure to enter into contracts with renewable energy developers, inability to realize the expected benefits from any agreements the company does execute, changes in planned energy consumption, changes in the availability of renewable energy sources, and other factors that are discussed in Akamai's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.