Hong Kong Exchange to implement new climate disclosure rules starting January Equinix: A big step towards ESG development

As we approach the year 2025, the Hong Kong Stock Exchange will implement new climate disclosure regulations starting on January 1, 2025. All listed companies in Hong Kong will be required to disclose their Scope 1 and Scope 2 greenhouse gas emissions. Equinix's Managing Director for the Hong Kong region, Hans Zu En, commented that this move represents a significant step towards Environmental, Social, and Governance (ESG) goals, and aligns with Equinix's commitment to achieve climate neutrality by 2030. This will also contribute to the Hong Kong government's goal of reducing carbon emissions by 26% to 36% below 2005 levels by 2030. Hans Zu En stated that many of Equinix's Hong Kong clients utilize the Green Power Report to assess their sustainability efforts and meet their disclosure requirements in accordance with the International Financial Reporting Standards (IFRS) S1. The Green Power Report provides comprehensive on-site environmental data for companies deployed in Equinix, including a clear overview of actual power consumption and carbon emissions, making it an essential resource for companies. For Equinix, the core strategy is to build and operate digitized infrastructure that is in line with carbon neutrality, which is crucial for sustainable development on a global scale. In 2021, Equinix announced climate neutrality goals aiming to reduce absolute greenhouse gas emissions from Scope 1 and Scope 2 by 50% below 2019 levels by 2030. As of 2023, we have already reduced emissions by 24%, which is very encouraging. With evolving regulations related to sustainable development, Equinix is prepared to support Hong Kong businesses in compliance and promote long-term business growth.