Iron Mountain Joins RE100 and Commits to Setting Science Based Targets for Carbon Reductions
BOSTON, June 4, 2018 /PRNewswire/ -- Iron Mountain® Incorporated (NYSE: IRM), the global leader in storage and information management services, today announced two important environmental commitments that significantly advance the company's efforts to reduce its carbon footprint and increase its usage of renewable energy around the world.
Firstly, Iron Mountain is joining the RE100 initiative, a collaborative, global platform developed by The Climate Group, an independent, not-for-profit organization working internationally with government and business leaders to advance smart policies and technologies to cut global emissions and accelerate a low carbon economy. Iron Mountain joins more than 130 multinational corporations in committing to a shift to using renewable energy sources for 100 percent of its worldwide electricity. In doing so, Iron Mountain pledges to follow a rigorous standard for green power purchasing and achieving aggressive interim milestones on the way to a complete conversion by 2050.
Secondly, Iron Mountain announced its commitment to set an aggressive science-based target for carbon reduction by the end of 2019. In doing so, the company will work with the Science Based Targets Initiative (SBTi), which helps companies determine how much they must cut emissions to do their part to address climate change, to calculate and approve a reduction in carbon from current levels. This promise puts the company on a trajectory for decarbonizing its operations in line with the global goals of the Paris Climate Accord.
"We applaud Iron Mountain for taking these important steps to address climate change," said Mindy Lubber, CEO and president of Ceres, a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. "By committing to 100 percent renewable electricity and setting an ambitious science-based carbon-reduction target, Iron Mountain is joining a growing number of major companies that understand the huge economic benefits and clear competitive advantage of climate action."
In Iron Mountain's recently released 2017 Corporate Responsibility Report, the company reports achieving an absolute reduction of 6.6 percent in year-over-year carbon emissions – even during a period of continued business growth and service expansion. Iron Mountain is also a member of several collaborative efforts to advance the use of renewable energy including the renewable energy buyer's alliance (REBA) a collaboration of World Wildlife Fund, World Resource Initiative, Rocky Mountain Institute and Business for Social Responsibility. The company is a signatory to the Renewable Energy Buyers Principals, a member of the EPA Green Power Partnership and recipient of the 2017 Green Power Leadership Award.
"We're proud to be among the earliest adopters of renewable energy," said William Meaney, president and chief executive officer of Iron Mountain. "Understanding the impact of our energy usage has led to the adoption of energy and greenhouse gas reduction strategies that are helping the company save money, reduce environmental impacts and better serve our customers. In making these commitments today, we are setting aggressive public goals with the endorsement of well-respected non-profit organizations, accelerating our efforts to foster strong economic growth while operating as a responsible, ethical and sustainable company."
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include information management, digital transformation, secure storage, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.
Christian T. Potts
SOURCE Iron Mountain Incorporated