Aaron Binkley, director of sustainability programs at data center REIT Digital Realty Trust (NYSE: DLR), joined REIT.com for a video interview at NAREIT’s 2017 Leader in the Light Working Forum at the Hilton Austin in Austin, Texas.
Binkley discussed some of the changes he has seen in the process of financing sustainability initiatives.
Binkley noted that Digital Realty has worked to make its sustainability initiatives more visible by separating capital expenditure projects with an energy component from traditional capex projects. In the past, both types of capex projects were competing for the same pool of funds, he noted.
Meanwhile, Binkley commented on the role played by the real estate sector in driving renewable energy use.
Energy usage at data centers is particularly high, he said. “Solutions need to be at the scale of the facilities,” he noted.
Binkley also highlighted Digital Realty’s work in increasing transparency in response to requests from stakeholders and customers.