Crown Castle Sets Carbon Neutral Goal by 2025
October 20 2021 - 03:15PM
Crown Castle International Corp. (NYSE: CCI) ("Crown Castle")
announced today that it has set a goal to be carbon neutral by 2025
in Scope 1 and 2 emissions through a combination of continued
investment in energy reduction initiatives, sourcing renewable
energy, and, to a lesser extent, utilizing carbon credits or
offsets.
"Our strategy is to provide profitable solutions
to connect communities and people, and our carbon neutral goal
furthers our commitment to deploy our strategy sustainably," stated
Jay Brown, Crown Castle's Chief Executive Officer. "Our business
model is inherently sustainable, as shared infrastructure solutions
limit the proliferation of infrastructure and minimizes the use of
natural resources. We are taking action to improve on our strong
foundation, including proactive work to reduce our energy
consumption and source renewable energy."
Crown Castle has one of the most expansive
portfolios of communications infrastructure in the US. Its business
model results in a significantly smaller environmental footprint
and a low carbon intensity. Each of our shared infrastructure
assets are designed to host multiple Crown Castle customers and
support their operations, reducing the need for redundant
infrastructure and the impact on the environment.
"We have made significant progress this year by
including commitments to energy reduction initiatives and renewable
energy in our credit facility and now by targeting a carbon-neutral
future. While we work to accomplish our goal, we will continue to
work alongside many of our customers and suppliers to report and
reduce emissions across our entire value chain and align our goals
with the Science-Based Target initiative," added Mr. Brown.
ABOUT CROWN CASTLE
Crown Castle owns, operates and leases more than
40,000 cell towers and approximately 80,000 route miles of fiber
supporting small cells and fiber solutions across every major U.S.
market. This nationwide portfolio of communications infrastructure
connects cities and communities to essential data, technology and
wireless service - bringing information, ideas and innovations to
the people and businesses that need them. For more information on
Crown Castle, please visit www.crowncastle.com.
CAUTIONARY LANGUAGE REGARDING
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking
statements that are based on management's current expectations.
Such statements include plans, commitments, projections, estimates
and expectations regarding (1) our carbon neutral goal and plans
related thereto, (2) our strategy and business model, and benefits
stemming therefrom, (3) benefits from our shared infrastructure
assets, (4) reporting and reduction plans with respect to our value
chain, and (5) alignment of our goals with the Science-Based Target
initiative. Such forward-looking statements are subject to certain
risks, uncertainties and assumptions, including prevailing market
conditions. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those expected. More
information about potential risks that could affect Crown Castle
and its results is included in Crown Castle's filings with the
Securities and Exchange Commission. The term "including," and any
variation thereof, means "including, without limitation.”
CONTACTSDan Schlanger, CFOBen Lowe, SVP &
TreasurerCrown Castle International Corp.713-570-3050
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