Vertiv Releases 2023 Responsible Business Report, Launches ‘One Vertiv, One World’ Initiative

Mumbai, India [August 20, 2024] – Vertiv (NYSE: VRT), a global leader in critical digital infrastructure and continuity solutions, has published its 2023 Responsible Business Report. The report outlines the company’s progress in environmental and governance practices and introduces the “One Vertiv, One World” plan, aimed at enhancing environmental stewardship, promoting a safe and inclusive workplace, and ensuring responsible business conduct.

In 2023, Vertiv continued its efforts to build a more responsible future by focusing on efficient products, responsible operations, workforce engagement, supply chain integrity, and governance. The new “One Vertiv, One World” plan is designed to guide Vertiv’s strategy in creating long-term value for shareholders, customers, and communities.

Giordano Albertazzi, Vertiv CEO, commented, “We are committed to advancing our global responsibility while providing products and services that help our customers achieve their sustainability goals. With the growing demand for AI, Vertiv is focused on delivering infrastructure solutions that support high performance with reduced environmental impact.”

Subhasis Majumder, Managing Director of Vertiv India, added, “We are excited to launch the ‘One Vertiv, One World’ plan in India. As IT infrastructure becomes crucial for business continuity, Vertiv is dedicated to developing efficient, eco-friendly solutions and fostering a safe, inclusive workplace for our employees.”

Key highlights from the 2023 report include:

– Enhanced Cooling Solutions: Introduction of high-efficiency liquid cooling systems and low-global warming potential (GWP) refrigerants to support AI initiatives with minimal environmental impact.

– CoolTera Acquisition: Integration of CoolTera Ltd.’s advanced cooling technologies into Vertiv’s portfolio to bolster its thermal management solutions.

– Battery Energy Storage System (BESS): Launch of a new lithium-ion battery energy storage system for utility-scale energy storage, supporting operational resilience and the use of renewable energy sources. A microgrid solution, featuring solar arrays and hydrogen fuel cells, was also introduced at the Vertiv Delaware facility to demonstrate reduced carbon emissions.

– Vertiv™ TimberMod™: Introduction of modular data center solutions using mass timber instead of steel, aimed at reducing resource depletion and carbon footprint.

– Updated Sustainability Guide: A revised guide to data center sustainability providing updated statistics and information for customers and stakeholders.

– Operational Efficiency: Efforts to track and improve environmental impacts, including a water reclamation system at the Monterrey, Mexico facility that repurposes water from air conditioning units.

– Community Impact: Examples of Vertiv’s contributions to the communities it serves.

– Supply Chain Integrity: Commitment to upholding industry standards for responsible sourcing, human rights, and labor conditions.

The report highlights Vertiv’s commitment to advancing sustainable practices and reinforces its role in the evolving digital infrastructure landscape.