LONDON–(BUSINESS WIRE)–August 15, 2022–
euNetworks Group Limited (“euNetworks”), a Western European bandwidth infrastructure company, continues to make progress in its sustainability efforts in Europe, both signing pledges and making meaningful and lasting progress towards these goals. euNetworks joined The Climate Pledge in February 2022, setting science-based targets aligned to 1.5°C in Scopes 1, 2 and 3 and committing to be net zero carbon by 2040. The company has integrated its commitments into its corporate values and these motivate the behavior of the teams and form the basis of the operation of the company. euNetworks also developed and launched its Network Construction Carbon Tool to identify carbon hotspots, assess the incremental carbon impact of new projects and reduce emissions throughout its supply chain. The impact of this tool is significant, as euNetworks owns and operates networks in 53 cities in 17 countries across Europe.
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Brady Rafuse, CEO of euNetworks (Photo: Business Wire)
euNetworks builds and invests in city and long distance fiber networks to connect major data centers and data center hubs across Europe. The company owns and operates deep fiber networks in 17 cities and also operates a highly differentiated long-haul network that today spans 17 countries. Recent investments in super highways on long-haul routes reflect euNetworks’ commitment to meeting Europe’s future international bandwidth needs and the company continues to build unique routes, add multiple diverse paths and expand its reach into major large-scale data center sites, data center clusters and point network aggregation. These investments continue to fuel business growth and are driven by the capacity needs of euNetworks customers.
The innovative Network Construction Carbon tool and euNetworks’ comprehensive approach and commitment to sustainability have recently been recognized by Microsoft. The award focused on demonstrating commitment to pioneering climate change initiatives and alignment with Microsoft’s sustainability vision. Recognized innovative projects had to be scalable and replicable, and their activities generate significant GHG reductions that are likely to be sustainable.
euNetworks continues to grow and invest in partnership with its customers, investing in new technologies and continuing to deepen its network footprint in Europe. The company is undertaking this growth with a strong focus on sustainability, having completed a long-term refinancing of sustainability-related infrastructure and a new funding commitment in December 2021.
“Over the past two years, we have ensured that sustainability is at the heart of our operating principles and values,” said Brady Rafuse, president and CEO of euNetworks. “We are committed to achieving zero carbon by 2040 and have set science-based targets aligned to 1.5°C in Scopes 1, 2 and 3. We have made good progress towards this commitment, understanding where we are today and how we are going to get there. the. We are increasing the use of renewable energy wherever we can. We have developed an innovative Network Construction Carbon Tool to calculate and manage emissions at the project level and we are constantly working with suppliers on materials, construction methods, routes and technologies to reduce emissions and deliver the lowest carbon footprint per bit. euNetworks has long-term sustainability-linked infrastructure funding, which further aligns euNetworks’ ESG and financial frameworks with the company’s ongoing developments and operations.
“As an investor and manager of infrastructure assets serving critical societal needs, Stonepeak is committed to playing its part in managing the risks and opportunities associated with climate change,” said Cyrus Gentry, Managing Director and Head of Communications for Europe at Stonepeak. “ESG considerations are a fundamental part of Stonepeak’s investment and asset management approach. Our goal is to work closely with the management teams of the companies in which we invest and work with them to implement long-term sustainability plans and results-driven commitments. euNetworks does an outstanding job in this area. As the fastest growing fiber company in Europe, euNetworks continues to stand out in an increasingly connected society, where certain backbone fiber networks underpin the digital infrastructure ecosystem. This, coupled with the company’s approach to sustainability, enables euNetworks to continue to support its customers, partners and communities with essential services for years to come.
“At IMCO, we see ESG as a strategic business imperative and as a philosophy it underpins every investment decision we make,” said Fred Robert, Senior Director, Infrastructure, IMCO. “Since investing in euNetworks in 2018, we have been proud to support its focus on sustainability. euNetworks’ deep understanding of its carbon footprint and commitment to diversifying its talent base are significant achievements that will benefit long-term sustainability.
To read euNetworks’ full sustainability report, visit https://eun.io/sustainabilityreport
euNetworks is a critical bandwidth infrastructure company, owning and operating 17 fibre-based metro networks connected to a high-capacity intercity backbone spanning 53 cities in 17 countries across Europe. The company is the market leader in data center connectivity, directly connecting more than 480 today. euNetworks is also a leading cloud connectivity provider and offers a focused portfolio of metro and long-haul services including dark fiber, wavelengths and Ethernet. Wholesale, finance, content, media, mobile, data center and enterprise customers benefit from euNetworks’ unique fiber and conduit-based asset inventory that are tailored to meet their high bandwidth requirements. For more information, visit eunetworks.com.
About Stone Peak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real estate assets with approximately $49.3 billion in assets under management. Through its investments in defensive sustainable asset companies globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The company provides capital, operational support and committed partnership to sustainably increase investment in its target sectors, including communications, energy transition, transport and logistics, and social infrastructure. Stonepeak is headquartered in New York with offices in Austin, Hong Kong, Houston, London and Sydney. For more information, visit www.stonepeak.com.
The Investment Management Corporation of Ontario (IMCO) manages $79 billion in assets on behalf of its clients. Designed exclusively to generate better investment results for Ontario’s broader public sector, IMCO operates on an independent, not-for-profit, cost-recovery structure. It provides leading investment management services, including portfolio construction advice, enhanced access to a diverse range of asset classes and sophisticated risk management capabilities. As one of Canada’s largest institutional investors, we invest globally and efficiently execute large transactions. Our scale gives clients access to a well-diversified global portfolio, including sought-after private and alternative asset classes. Follow us on LinkedIn and Twitter @imcoinvest.
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CONTACT: contact euNetworks:
5 Churchill Place|London E14 5HU
[email protected]|+44 7717 896 446 mobileStonepeak contact:
Kate Beers| stone crown
55 Hudson Yards, 48th Floor|New York, NY 10011
[email protected]|+1 (646) 540-5225 phoneContact IMCO:
Annette Robertson | IMCO
16 York Street, 24th Floor|Toronto M5H 3T4
[email protected]|+1 (437) 233-3971 mobile
KEYWORD: NORTH AMERICA USA UK EUROPE CANADA
SECTOR KEYWORD: MOBILE/WIRELESS NETWORKS PROFESSIONAL SERVICES INTERNET DATA MANAGEMENT SUSTAINABILITY TECHNOLOGY SOCIALLY RESPONSIBLE INVESTING ASSET MANAGEMENT ENVIRONMENT FINANCE ENVIRONMENT, SOCIAL AND GOVERNANCE (ESG) TELECOMMUNICATIONS
SOURCE: euNetworks Group Limited
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PUBLISHED: 08/15/2022 03:50 / DISK: 08/15/2022 03:51