SAN JOSE, Calif., Sept. 9, 2021 /CNW/ --
News Summary:
- Cisco commits to reaching net zero across all scopes of
emissions by 2040, which includes our product use, operations, and
supply chain
- Company also commits to reaching net zero for all global Scope
1 and Scope 2 emissions by 2025
- Cisco will establish other near-term emissions-reduction
targets for its key emissions sources in support of our 2040 net
zero goal
Today Cisco announced that it is committing to reaching net zero
for greenhouse gas (GHG) emissions across all scopes by 2040, 10
years ahead of when climate scientists say the planet must reach
net zero to avoid the worst impacts of climate change. Cisco's
net zero goal will be supported by ambitious near-term targets,
including to reach net zero for all global Scope 1 and Scope 2
emissions by 2025.
Other near-term targets will cover key Scope 3 categories for
Cisco, such as use of sold products and supply chain emissions and
will be made public as they are finalized later in 2021. The new
greenhouse gas reduction goals will follow the latest climate
science, and Cisco will report progress on these targets in its
annual Corporate Social Responsibility Impact Report.
This announcement marks a major milestone in Cisco's journey to
Power an Inclusive Future for All. Cisco's efforts to advance this
purpose will encompass investments and initiatives related to
closing the digital divide, advancing social justice, building
partner ecosystems of impact, and setting and achieving ambitious
sustainability goals like today's net zero commitment.
"The devastating effects of the climate disasters over the past
few weeks could not be a clearer sign of the urgent need to address
climate change now," said Fran
Katsoudas, Chief People, Policy & Purpose Officer,
Cisco. "As a global technology leader, we must set the standard for
sustainable business practices and support our customers, partners,
and suppliers in their efforts to reduce their impact on the
environment as well."
Cisco has been setting and achieving goals to reduce its GHG
emissions at its facilities and across its supply chain since
2008. Strategies Cisco will use to reach net zero include:
- Continuing to increase the energy efficiency of our products
through innovative product design
- Accelerating use of renewable energy
- Embracing hybrid work
- Investing in carbon removal solutions
- Further embedding sustainability and circular economy
principles across our business
For more than 15 years, Cisco has worked toward a sustainable
future by reducing emissions, reducing waste, building more
efficient products, and setting and achieving ambitious goals.
- Since 2008, Cisco has set and achieved a series of five-year
goals to reduce our Scope 1 and Scope 2 GHG emissions. The current
goal to reduce Scope 1 and 2 emissions by 60% by FY22 (compared to
FY07) is approved by the Science Based Target initiative (SBTi),
and we are on track to meet it.
- Cisco has achieved 100% renewable energy in several countries
around the world and is on track to reach its goal to use
electricity generated from renewable sources for at least 85% of
Cisco's global electricity by FY22.
- For Scope 3 emissions, in 2019, Cisco was one year ahead of
schedule in reaching a goal to avoid 1 million metric tonnes of
CO2e in our supply chain through a range of actions --
such as utilizing more ocean shipments, redesigning product
packaging, and implementing energy management at our contract
manufacturing partners. We then set a new goal to reduce supply
chain-related Scope 3 GHG emissions by 30 percent absolute by FY30
(compared to FY19).
- Cisco is committed to designing and managing its products and
packaging for reuse, repair and resource efficiency. Cisco is on
track to design 100% of new Cisco products and packaging to
incorporate Circular Design Principles by 2025. Cisco also
continues to deliver and improve its product service, takeback and
reuse programs, supporting the 100% product return pledge made by
CEO Chuck Robbins at the World
Economic Forum Annual Meeting in 2018 as part of the PACE Capital
Equipment Coalition.
Learn more about Cisco's effort to power a more sustainable
future.
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide
leader in technology that powers the Internet. Cisco
inspires new possibilities by reimagining your applications,
securing your data, transforming your infrastructure, and
empowering your teams for a global and inclusive future.
Discover more on The Network and follow us on Twitter
at @Cisco.
Cisco and the Cisco logo are trademarks or registered trademarks
of Cisco and/or its affiliates in the U.S. and other countries. A
listing of Cisco's trademarks can be found
at www.cisco.com/go/trademarks. Third-party trademarks
mentioned are the property of their respective owners. The use of
the word partner does not imply a partnership relationship between
Cisco and any other company.
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SOURCE Cisco Systems, Inc.