Global Switch completes allocation of inaugural €700 million Green Bond

LONDON – 7 October 2021 - Global Switch (“Global Switch” or “the Company”), a leading owner, operator and developer of large-scale network dense, carrier and cloud neutral multi-tenanted data centres in Europe and Asia-Pacific, has today released its Green Bond Report which provides an update on the full allocation of the use of net proceeds from its inaugural €700 million Green Bond, issued in October 2020.

As disclosed at issuance, the Green Bond's net proceeds are to be allocated to eligible projects that will help fund Global Switch’s expansion plans by developing new green data centres and improving energy efficiency at its existing facilities.

As of 30 September 2021, the net proceeds of €693m from the Green Bond issuance have been fully allocated over several projects, including:

• Global Switch Hong Kong was designed to achieve Leadership in Energy and Environmental Design (LEED) Platinum and Hong Kong Green Building Council’s BEAM Plus Gold rating with an independently verified annualised design Power Usage Effectiveness (PUE) of less than 1.3 across the entire facility of 70,000 gross square metres.
• The design and construction of Global Switch’s second data centre in Singapore. The 25,000 gross square metre, Singapore Woodlands, has achieved LEED Gold and BCA Greenmark Platinum certification with an independently verified design PUE of 1.34 at full load.
• The design and construction of Global Switch’s second data centre in Frankfurt. The 12,000 gross square metre, Frankfurt North Building Research Establishment Environmental Assessment Method (BREEAM) ‘Very Good’ rating with a performance validated PUE of 1.1 at full load.
• The design and construction of Stage 1 of Global Switch’s second data centre in Amsterdam, which is targeting a BREEAM Very Good rating and an annualised design PUE of less than 1.2.
• Stage 1 of a multiphase redevelopment to improve energy efficiency and increase power density at Global Switch London North.

David Doyle, Chief Financial Officer of Global Switch, said:

"The Green Bond issue forms an integral part of Global Switch’s sustainability strategy through helping to fund the development of more energy efficient data centres. We have invested over €865m on eligible green projects over the last three years and are focused on continually increasing energy efficiency, reducing carbon emissions, and providing green energy solutions to our customers.”

Global Switch’s Green Bond Report can be found at: globalswitch.com/data-centres/sustainability