Climate change is one of the most existential challenges our world faces today. Every year there is more and more pressure on executives and corporate boards to support sustainability efforts. The challenge is not only in setting sustainability goals, but also in following through successfully. Cisco is innovating to help our customers lower emissions, increase energy efficiency, reduce carbon footprint, as well as provide visibility and insights to support our customer's sustainability initiatives.
Today, companies are thinking about their sustainability efforts as part of a larger strategy for driving business outcomes, accelerating innovation, and creating a competitive edge. IT is playing an increasingly important role in advancing an organization's sustainability approach. However, developing a strategy and path toward achieving sustainability goals isn't easy. 80% of business leaders claim that technological innovation will play a significant role in their whole organization's transformation to a net zero business model, while at the same time 75% of senior IT decision-makers say IT-related emissions are one of the most challenging to improve. Despite a strong commitment to sustainability, most organizations will miss their targets if they do not accelerate the pace of their emissions reductions.
Cisco has been reporting on sustainability since 2005. As part of our purpose to power an inclusive future for all, we have set ambitious environmental sustainability goals, including a goal to reach net zero greenhouse gas (GHG) emissions across our value chain (Scopes 1, 2, and 3) by 2040. We plan to reach 90% reduction for Scopes 1 and 2 by 2025, and we plan to reduce absolute Scope 3 emissions from purchased goods and services, upstream transportation and distribution, and use of sold products 30% by 2030.
When working towards GHG emissions goals, it's important to realize that measuring emissions is not the same across all three scopes. Scopes 1 and 2 are considerably easier to quantify and resolve as emissions are either directly or indirectly related to operations owned or managed by the company. Scope 3, on the other hand, can span the company's entire value chain including third parties. If companies are truly committed to their sustainability goals, they need a strategy and actionable approach that can help solve for these Scope 3 emissions challenges.
Cisco is innovating to help customers accelerate their sustainability goals and commitments.
Cisco is delivering sustainable solutions and offers which can give customers the flexibility and choice to leverage technology one use case at a time.
We continue to invest in accelerating sustainability technology across our portfolio through Cisco's Engineering Sustainability Office. From design to go-to-market, we work directly with our engineering teams to build sustainability into our portfolio roadmaps. We partner with Cisco's Chief Sustainability Office, Supply Chain, and Legal teams to address evolving energy efficiency and emissions metrics to help our customers on their journey to net zero.
The work we are doing to embed sustainability into the core of our business and our solutions can help our customers make progress toward their own sustainability goals. To successfully move forward, customers need comprehensive visibility - a plan to modernize and measure - and an end-to-end approach to long-term sustainability. Here is how you can get started:
Together, Cisco's solutions and our long-standing focus on sustainability can help businesses and IT make choices with an eye towards a more sustainable future. Let's take the next step toward building a sustainable future together.
For more information best practices for your sustainability journey,
please read our newly published white paper:CIO/IT Leader Guide: Getting Started on Sustainability