Rackspace Technology's 2025 Sustainability Report highlights progress in achieving net-zero emissions and operational efficiency through strategic initiatives.
Quiver AI Summary
Rackspace Technology has released its 2025 Sustainability Report, highlighting significant advancements towards achieving net-zero carbon emissions, operational efficiency, and global impact through collaborations and innovative solutions. The report underscores Rackspace's dedication to the United Nations Sustainable Development Goals, particularly SDG 13, with validated greenhouse gas reduction targets by the Science Based Targets initiative (SBTi). Notable achievements include a 10% reduction in total emissions from 2023 to 2024, an 80% cut in facility emissions following a headquarters relocation, and increased renewable energy usage at their data centers. Rackspace emphasizes its commitment to sustainability through efforts like energy efficiency upgrades and community initiatives, and it aims to achieve full transparency in its environmental reporting.
Potential Positives
- Rackspace Technology achieved a 10% reduction in total emissions from 2023 to 2024, underscoring its commitment to sustainability and significant environmental progress.
- The company’s greenhouse gas reduction targets have been validated by the Science Based Targets initiative (SBTi), enhancing its credibility and leadership in sustainable practices within the cloud services industry.
- 80% of Rackspace's global data centers are powered by renewable energy, with plans to reach 100% through partnerships and initiatives, demonstrating a strong commitment to renewable energy.
- Rackspace's relocation to a smaller facility in San Antonio resulted in an 80% reduction in emissions at the site, highlighting operational efficiency and environmental responsibility.
Potential Negatives
- Overall, while the press release demonstrates progress towards sustainability, the notable requirement for ongoing validation from the Science Based Targets initiative (SBTi) for future goals may suggest that the company is still in the early stages of achieving long-term sustainability and carbon neutrality.
- The mention of the 80% cut in facility emissions due to relocation raises concerns about potential job losses and community impact in the previous locations, which may not be addressed in the report.
- Despite progress outlined, the long-term target for net zero emissions is set for 2045, which may be perceived as insufficiently aggressive by stakeholders seeking more immediate action on climate change.
FAQ
What is Rackspace Technology's latest sustainability initiative?
Rackspace Technology's 2025 Sustainability Report highlights progress toward net-zero carbon emissions and enhanced operational efficiency through strategic partnerships and innovation.
How much have Rackspace's emissions reduced?
In 2025, Rackspace achieved a 10% reduction in total emissions based on its 2023 baseline, with significant decreases in Scope 1, 2, and 3 emissions.
What renewable energy measures is Rackspace employing?
Approximately 80% of Rackspace's global data centers are powered by renewable energy, with goals to reach 100% through RE100 and strategic energy partnerships.
How does Rackspace support employee development?
Rackspace has empowered employees with over 13,000 technical certifications across various cloud platforms, preparing 95% of employees to be AI-ready certified.
How does Rackspace contribute to community initiatives?
Through the Rackspace Foundation, the company has raised over $8 million for education, benefiting more than 10,000 students with STEM programs.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RXT Insider Trading Activity
$RXT insiders have traded $RXT stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $RXT stock by insiders over the last 6 months:
- AMAR MALETIRA sold 1,780,619 shares for an estimated $2,403,835
- ANTHONY SCOTT sold 40,000 shares for an estimated $57,200
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$RXT Hedge Fund Activity
We have seen 56 institutional investors add shares of $RXT stock to their portfolio, and 49 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- APOLLO MANAGEMENT HOLDINGS, L.P. added 129,609,000 shares (+100.0%) to their portfolio in Q2 2025, for an estimated $165,899,520
- MACKENZIE FINANCIAL CORP removed 2,184,821 shares (-97.0%) from their portfolio in Q2 2025, for an estimated $2,796,570
- BLACKROCK, INC. added 622,184 shares (+12.3%) to their portfolio in Q2 2025, for an estimated $796,395
- GSA CAPITAL PARTNERS LLP added 600,648 shares (+234.9%) to their portfolio in Q2 2025, for an estimated $768,829
- RENAISSANCE TECHNOLOGIES LLC removed 532,107 shares (-21.0%) from their portfolio in Q2 2025, for an estimated $681,096
- VANGUARD GROUP INC added 496,117 shares (+9.1%) to their portfolio in Q2 2025, for an estimated $635,029
- D. E. SHAW & CO., INC. removed 360,979 shares (-35.6%) from their portfolio in Q2 2025, for an estimated $462,053
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$RXT Analyst Ratings
Wall Street analysts have issued reports on $RXT in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Underweight" rating on 04/25/2025
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$RXT Price Targets
Multiple analysts have issued price targets for $RXT recently. We have seen 4 analysts offer price targets for $RXT in the last 6 months, with a median target of $1.65.
Here are some recent targets:
- Keith Bachman from BMO Capital set a target price of $1.4 on 08/12/2025
- Daniel Perlin from RBC Capital set a target price of $2.0 on 05/12/2025
- Kevin Mcveigh from UBS set a target price of $1.9 on 05/09/2025
- Ramsey El-Assal from Barclays set a target price of $1.0 on 04/25/2025
Full Release
SAN ANTONIO, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology ®, a leading end-to-end hybrid cloud and AI solutions company, today announced the release of its 2025 Sustainability Report showcasing progress toward net-zero carbon emissions, enhanced operational efficiency, and global impact through strategic partnerships and innovation. The report reflects Rackspace’s commitment to aligning with the United Nations Sustainable Development Goals (SDGs) and leading the cloud services industry in sustainability practices. In 2025, the Science Based Targets initiative (SBTi) validated our Greenhouse Gas (GHG) reduction targets demonstrating our measurable environmental progress aligned with SDG 13.
“At Rackspace Technology we are making sustainability a measurable part of how we run the company,” said, Gajen Kandiah, Chief Executive Officer, Rackspace Technology. “In 2025 our near-term and long-term targets were validated by the SBTi, we reduced total emissions by 10 percent from our 2023 baseline, and we improved efficiency at priority sites. The same discipline now shows up in how we help customers lower costs and carbon. We will continue to report with clear data, independent reviews, and strong governance.”
Rackspace’s sustainability efforts emphasize renewable energy, conservation and advocacy. Approximately 28.4 percent of electricity used across Rackspace operated data centers in 2024 was matched on a market basis through Power Purchase Agreements (PPAs) and/or Renewable Energy Certificates (RECs). We plan to increase long-term contracting as markets allow. In 2025, SBTi validated our near-term targets for Scope 1 and Scope 2 emissions, and for Scope 3 purchased goods and services, using a 2023 baseline. Our long-term net zero target covers Scopes 1, 2, and 3 with neutralization of residual emissions by 2045.
Here are more examples of the organization’s outcomes:
Progress
- 10% total emissions reduction in one year: achieved from 2023 to 2024, including a 20% drop in Scope 1 & 2 and 9 percent reduction in Scope 3 emissions
- Headquarters relocation in San Antonio, Texas, cut facility emissions by 80%: downsized from 800,000 ft² to 80,000 ft², saving 6,007 tons of CO₂e from 2023 to 2024
- 80% of Rackspace global data centers are powered by renewable energy : and we are advancing toward 100% through RE100 and strategic energy partnerships
- DFW data center efficiency upgrades : Enhanced automation and building management systems at our Dallas/Fort Worth data center drove improved energy performance and monitoring, reducing power consumption by approximately 1,700 MWh between 2023 and 2024
-
Third-party audited Scope 1, 2, and 3 emissions baseline
: Rackspace strengthened environmental data capabilities with verified carbon accounting and double materiality assessment
Purpose
- Leadership in responsible AI: our leaders co-authored SustainableIT.org’s “IT Toolkit for Responsible and Sustainable AI” to guide scalable implementation
- Circular IT lifecycle policy: Rackspace formalized its IT asset disposal policy to promote recycling, upcycling and waste reduction
- 31% reduction in IT services emissions : demonstrating the organization’s commitment to efficient, low-impact cloud operations
-
1,200+ devices donated globally
: expanding digital access and promoting responsible consumption in underserved communities
People
- 13,000+ technical certifications earned since 2023 : empowering employees with cloud and sustainability skills across AWS, Microsoft® Azure®, Google Cloud, Cisco®, Oracle®, Red Hat®, SAP®, VMware® and others.
- 95% of employees AI-ready certified : the organization surpassed its goals, preparing the workforce for responsible AI deployment
- Every employee receives 40 hours of volunteer time off each year: delivering 23,000 hours logged, and $160,000 raised, for local causes in recent reporting periods
-
$8M+ raised for education via Rackspace Foundation
: supporting 10,000+ students with STEM and holistic programs
For more information about the company’s commitment to sustainability, read the full 2025 Sustainability Report available at 2025 Sustainability Report | Rackspace Technology .
About Rackspace Technology
Rackspace Technology is a leading end-to-end hybrid cloud and AI solutions company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.
Disclaimer
This press release contains forward-looking statements that reflect Rackspace Technology’s current expectations and assumptions, which are subject to risks and uncertainties. Actual results may differ materially due to factors beyond our control, as detailed in our SEC filings. Rackspace undertakes no obligation to update these statements based on new information or future developments.
Media Contact:
Cheryl Amerine, [email protected]
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/21b15de8-8941-4225-846e-95c43147b60a