Local weather change is each an pressing situation needing quick motion and a subject that requires long-term planning for constructive transformation. Balancing these two horizons generally is a problem and key to creating progress is defining a north star. Three years in the past, Cisco introduced its north star: a objective to succeed in web zero greenhouse gasoline (GHG) emissions throughout our price chain by 2040, and in 2022 that objective was authorised by the Science-Based mostly Targets initiative (SBTi). In 2023, we revealed The Plan for Doable, Cisco’s subsequent technology environmental sustainability technique. Aligned with the work we are going to do to succeed in web zero, one of many key pillars in our technique is accelerating the transition to wash vitality.
As we have fun our three-year anniversary, we need to spotlight among the progress we’ve made thus far and stay up for what options is likely to be obtainable to assist us, and the planet, on our journey to web zero.
Our journey thus far
In alignment with local weather science, our web zero objective encompasses our price chain, which incorporates each our suppliers’ and our clients’ use of vitality. Listed here are just a few methods Cisco has been addressing this and actions you might think about to scale back your group’s footprint:
- Direct operational emissions: We’re rising the vitality effectivity of our buildings, with a deal with electrification, to scale back emissions from our operations. We’ve got additionally been working to transition our automobile fleet to electrical automobiles (EVs).
- Oblique operational emissions: Cisco joined the RE100 initiative, which brings collectively companies dedicated to sourcing 100% renewable electrical energy. Past serving to us handle our personal targets, becoming a member of RE100 helps our ambition to extend clear vitality entry and contributes to personal sector demand for renewables.
- Worth chain emissions: We additionally set a objective that 80 % of Cisco part, manufacturing, and logistics suppliers by spend may have a public, absolute GHG emissions discount goal by fiscal yr (FY) 2025. As of FY23, 92 % of those suppliers have a public, absolute GHG discount objective.
Word: Direct operational emissions are Cisco’s Scope 1 emissions; oblique operational emissions are Cisco’s Scope 2 emissions; worth chain emissions are Cisco’s Scope 3 emissions, as outlined by the Greenhouse Gasoline (GHG) Protocol. Be taught extra about how company GHG emissions are calculated on this weblog.
What the long run could carry
In our work to advance Cisco’s web zero objective, we’re encountering many new alternatives that might probably assist different corporations, nations, and even particular person cities attain their web zero targets as effectively. Listed here are just a few notable examples:
- Synthetic Intelligence (AI) and sustainability: As AI adoption spreads throughout totally different sectors, it opens quite a few alternatives for local weather change mitigation and adaptation by way of predictive analytics, knowledge evaluation, and machine studying. For instance, AI may help cut back vitality and water use by way of real-time monitoring and management.
- Local weather know-how investments: Local weather know-how goals to seek out modern options to local weather change, like good grids that monitor and handle the distribution of electrical energy extra effectively, and units that seize CO2 emissions. Local weather investing has grown over the previous few years, with greater than 330 new sustainability, ESG (environmental, social, and governance), and influence funds launched from 2019 by way of 2022. Globally, annual clear vitality know-how investments are anticipated to exceed $900 billion by 2030, serving to to spur innovation.
- Accelerating the transition to wash vitality: Clear vitality adoption is on the rise. Wind and photo voltaic vitality overtook fossil gasoline energy within the EU for the primary time for the primary six months of 2024, and the Worldwide Power Company (IEA) now initiatives that demand for sure fossil fuels will peak this decade even with none new local weather insurance policies. Growing the usage of renewables, enhancing vitality effectivity, decreasing methane emissions, and enhancing electrification can obtain over 80% of emissions reductions wanted by 2030.
Working collectively towards web zero
Progressing towards web zero is a process that requires the collective effort of people, companies, and governments. We’re proud to be main this necessary work for Cisco, and to be collaborating with companions, clients, suppliers and different stakeholders to show the imaginative and prescient of a web zero future into actuality.
Go to Cisco’s ESG Reporting Hub to be taught extra about our environmental targets.
Share: