This week’s Newday Spotlight is with Cisco Systems (NASDAQ: CSCO). Cisco is known for their technology, but the firm has been working on remarkable environmental initiatives that may come as a surprise. Cisco is a world leader in environmental sustainability and a leader in the Climate Action portfolio. They aim to minimize waste, reduce greenhouse gas emissions and preserving biodiversity and natural resources to encourage an environmentally sustainable economy.
As natural resources continue to be harvested at an alarming rate, the consumption of non-renewable fossil fuels such as coal, petroleum, methane, coal and other fossil fuels are depleting.
According to the U.S. Energy Information Administration (EIA), the total U.S. energy consumption in 2017 was approximately 97.7 quadrillion British thermal units (Btu) of energy, where 89% was accounted for non-renewable energy and 11% to renewable energy. Non-renewable fossil fuels are the largest sources of energy consumed in the United States, relying less on renewable energy sources. Therefore, institutions and corporations are in pursuit of developing alternative ways of replacing our current methods of energy production.
For example, Cisco systems are dramatically increasing the use of renewable energy to use in order to reduce greenhouse gas emissions. By 2020, Cisco systems aim to eradicate one million tons of greenhouse gases from our ecosystem.
Furthermore, their products will help customers reduce their carbon footprints technologically, enabling people to work remotely with their energy-efficient solutions to help reduce the amount of fuel burned. Their products are built to last making it simple and cost-effective for customers to return unused products to be reused instead of disposing of them.
This is extremely critical to the ecosystem by keeping harmful materials out of landfills and instead be recycled, refurbished and resold. They are dedicated to decreasing the use of virgin plastic by 20% by the fiscal year 2025.
Cisco systems are committed to protecting the planet, by minimizing the effect of their products on the environment and providing ways for technology to reduce energy consumption and to conserve Earth’s biodiversity. One of their main accomplishments was reducing 41% of greenhouse emissions over the past 10 years, thus joining 20 other companies in taking part of the Step Up Declaration to continue to eradicate greenhouse gas emissions in the battle of climate change.
The company also reduced 96% of rhino poaching at a game reserve in South Africa with the partnership of Dimension Data through the use of seismic sensors, drone cameras, thermal imaging, and biometric scanning.
They also succeeded to reuse, refurbish and recycle 11,400 metric tonnes of returned products in the last fiscal year.
For these reasons, this is why Barron’s recognized Cisco as the United States most sustainable company.