Committed to achieve carbon-neutral operations by 2040, bandwidth infrastructure company euNetworks continues to make strides in its sustainability initiatives across Europe. A notable initiative is the company’s recently launched Network Construction Carbon Tool. euNetworks claims the instrument to have a significant impact on the market as it owns and runs networks in 53 cities across 17 European countries.
euNetworks’ tool is developed to pinpoint carbon hotspots, evaluate the added carbon footprint of new initiatives, and cut emissions throughout the supply chain.
In February 2022, euNetworks signed The Climate Pledge, pledging to achieving carbon net zero by the year 2040 and establishing 1.5°C-aligned science-based objectives across Scopes 1, 2, and 3. The organization’s promises are ingrained in its corporate values, which guide team behavior and serve as the cornerstone on which the company runs.
Microsoft has recognized the innovativeness of euNetwoks’ Network Construction Carbon tool and the company’s overall philosophy and dedication to sustainability by awarding the firm Showstopper of the Year: Strides in Sustainability at Microsoft’s Supplier Prestige Awards.
The emphasis of the prize was on exhibiting a dedication to leading climate change projects and agreement with Microsoft’s sustainability goal. Innovative initiatives were acknowledged as needing to be scalable and repeatable, and their operations result in substantial GHG reductions that are expected to last for a long time.
“Over the course of the last two years we have focused on ensuring sustainability is at the heart of our operating principles and values,” said Brady Rafuse, Chief Executive Officer (CEO) at euNetworks. “We are committed to being carbon net zero by 2040 and have set 1.5°C-aligned science-based targets across Scopes 1, 2 and 3. We have made good progress towards this commitment, understanding where we are today and how we will get there. We’re increasing the use of renewables wherever we can. We’ve developed an innovative Network Construction Carbon Tool to calculate and manage project-level emissions and we’re constantly working with suppliers on materials, construction methods, routes and technologies to drive down emissions and deliver the lowest carbon footprint per bit. euNetworks has long-term sustainability-linked infrastructure financing, which further aligns euNetworks’ ESG and financial frameworks into the business’ developments and ongoing operations.”
Long Haul Networks
To connect key data centers and data center hubs across Europe, euNetworks constructs and invests in city and long-distance fiber networks. The business now runs highly differentiated long haul networks that span 17 nations and owns and maintains deep fiber networks in 17 cities.
The company continues to build distinctive routes, add numerous diverse paths, and extend its reach into important hyperscale data center sites, data center clusters, and network aggregation points. Recent investments in Super Highways on long haul routes would reflect euNetworks’ commitment to meeting Europe’s future international bandwidth needs. These investments, which are motivated by the capacity needs of euNetworks’ clients, continue to fuel the company’s expansion.
Following the completion of a long-term sustainability-linked infrastructure refinancing and fresh finance commitment in December 2021, the firm is conducting this growth with a significant focus on sustainability.
“As an investor in and steward of infrastructure assets serving critical societal needs, Stonepeak is committed to playing its part in addressing risks and opportunities associated with climate change,” said Cyrus Gentry, Managing Director and Head of Communications, Europe at Stonepeak. “ESG considerations are a fundamental part of Stonepeak’s investment and asset management approach. Our goal is to partner closely with our investee companies’ management teams and work with them to implement long-term sustainability plans and results driven commitments. euNetworks is doing an exceptional job with that. As the fastest growing fibre business in Europe, euNetworks continues to distinguish itself in an increasingly connected society, where certain backbone fiber networks underpin the digital infrastructure ecosystem. This coupled with the company’s approach to sustainability positions euNetworks well to continue supporting their customers, partners, and communities with essential services for years to come.”
“At IMCO, we view ESG as a strategic business imperative and, as a philosophy, it underpins every investment decision we make,” said Fred Robert, Senior Principal, Infrastructure, IMCO. “Since investing in euNetworks in 2018, we’ve been proud to support its focus on sustainability. euNetworks’ deepening understanding of its carbon footprint and commitment to diversifying its talent base are meaningful achievements that will benefit sustainability for the long term.”