Iron Mountain Announces Approval Of Science Based Target To Reduce Greenhouse Gas Emissions
BOSTON, Feb. 25, 2019 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the global leader in storage and information management services, today announced the formal approval from the Science Based Targets initiative (SBTi) of its 2025 greenhouse gas (GHG) emissions goals. With this approval, Iron Mountain becomes a member of an exclusive but growing group of 150+ global corporations with an endorsed goal for delivering GHG reductions in line with the Paris Climate Accord.
Iron Mountain's SBTi-approved commitment is to reduce absolute GHG emissions 20 percent by 2025 for a 2016 baseline and includes both direct and indirect carbon emissions also referred to as Scope 1, 2 and 3 by the Greenhouse Gas Protocol, a partnership between the World Resource Institute (WRI) and the World Business Council for Sustainable Development. (WBCSD). Including the effects of expected business growth, achieving this goal will require a reduction of more than 50 percent of normal, "business as usual" carbon usage by 2025.
"It is fantastic to see our RE100 member Iron Mountain continuing to set ambitious targets for climate action," said Sam Kimmins, Head of RE100, The Climate Group, an international non-profit dedicated to accelerating climate action. "Committing to 100 percent renewable electricity is a key practical step companies can, and must, take to achieve their SBTi goals. Sourcing clean energy cuts emissions, future-proofs business operations and delivers benefits to the bottom line as the cost of renewables continues to fall. It is a choice all companies should be making; it simply makes business sense."
This commitment supports Iron Mountain's previous public commitments to sustainability goals. In 2018, Iron Mountain joined the RE100 initiative, a collaborative, global platform developed by The Climate Group, committing to use renewable energy sources for 100 percent of its worldwide electricity. The company pledged to complete, global conversion to renewable energy by 2050, and has already hit this threshold for its operations in the UK, Ireland, The Netherlands and Belgium. Additionally, the company has made several power-purchase agreements (PPA) to ensure that its data center operations are 100 percent powered by renewable/ energy.
"As a global organization, we recognize the impact that our daily operations can have on the world, and in 2013 began a journey to better understand and mitigate that impact," said William Meaney, president and chief executive officer, Iron Mountain. "That understanding has led us to today, where we look at sustainability as an opportunity to make our operations more efficient and uncover insights that we can pass on to our customers and industry peers to do the same. Our commitment and progress to realizing this opportunity has helped us improve both our business and our customers' businesses, and we're proud to join the ranks of the SBTi-approved companies in setting aggressive targets to reduce our GHG emissions."
The SBTi is a collaboration among CDP of the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund (WWF). The SBTi uses a rigorous, metrics based consensus driven process to determine if a company's greenhouse gas (GHG) emissions reduction. Targets are sufficiently ambitious to be in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial temperatures.
For more information on Iron Mountain's environmental sustainability practices and the latest corporate responsibility report, please visit: https://www.ironmountain.com/about-us/corporate-social-responsibility
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 90 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 digital way of working. Visit http://www.ironmountain.com for more information.
SOURCE Iron Mountain Incorporated