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Tuesday, October 8, 2024

Three years of progress on the pathway to internet zero


Local weather change is each an pressing problem 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 purpose to achieve internet zero greenhouse gasoline (GHG) emissions throughout our price chain by 2040, and in 2022 that purpose was accredited by the Science-Primarily based Targets initiative (SBTi). In 2023, we revealed The Plan for Attainable, Cisco’s subsequent era environmental sustainability technique. Aligned with the work we’ll do to achieve internet zero, one of many key pillars in our technique is accelerating the transition to scrub power.

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 perhaps obtainable to assist us, and the planet, on our journey to internet zero.

Our journey thus far

In alignment with local weather science, our internet zero purpose encompasses our price chain, which incorporates each our suppliers’ and our prospects’ use of power. Listed here are just a few methods Cisco has been addressing this and actions it’s possible you’ll take into account to cut back your group’s footprint:

  • Direct operational emissions: We’re growing the power effectivity of our buildings, with a give attention to electrification, to cut back emissions from our operations. Now we have additionally been working to transition our car 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 deal with our personal targets, becoming a member of RE100 helps our ambition to extend clear power entry and contributes to personal sector demand for renewables.
  • Worth chain emissions: We additionally set a purpose that 80 % of Cisco element, manufacturing, and logistics suppliers by spend may have a public, absolute GHG emissions discount goal by fiscal 12 months (FY) 2025. As of FY23, 92 % of those suppliers have a public, absolute GHG discount purpose.

Notice: 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 Fuel (GHG) Protocol. Be taught extra about how company GHG emissions are calculated on this weblog.

What the long run might carry

In our work to advance Cisco’s internet zero purpose, we’re encountering many new alternatives that might probably assist different firms, international locations, and even particular person cities attain their internet zero targets as nicely. 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 predictive analytics, knowledge evaluation, and machine studying. For instance, AI might help cut back power and water use by real-time monitoring and management.
  • Local weather know-how investments: Local weather know-how goals to search out revolutionary options to local weather change, like good grids that monitor and handle the distribution of electrical energy extra effectively, and gadgets 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 2022. Globally, annual clear power know-how investments are anticipated to exceed $900 billion by 2030, serving to to spur innovation.
  • Accelerating the transition to scrub power: Clear power adoption is on the rise. Wind and photo voltaic power overtook fossil gasoline energy within the EU for the primary time for the primary six months of 2024, and the Worldwide Vitality Company (IEA) now tasks that demand for sure fossil fuels will peak this decade even with none new local weather insurance policies. Rising the usage of renewables, bettering power effectivity, decreasing methane emissions, and enhancing electrification can obtain over 80% of emissions reductions wanted by 2030.

Working collectively towards internet zero

Progressing towards internet zero is a process that requires the collective effort of people, companies, and governments. We’re proud to be main this essential work for Cisco, and to be collaborating with companions, prospects, suppliers and different stakeholders to show the imaginative and prescient of a internet zero future into actuality.

Go to Cisco’s ESG Reporting Hub to study extra about our environmental targets.

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