Cisco Corporate Responsibility and Sustainability Report 2008
26 November 2008:
SAN JOSE, CA, Nov 26, 2008 (MARKET WIRE via COMTEX) -- Report overviewToday Cisco announced its fourth annual Cisco Corporate Social Responsibility Report for 2008, which covers its CSR philosophy and progress on initiatives directed at improving the health, welfare, and sustainability of its business and the communities where the company operates worldwide. View the complete report here.
- The report is divided into four main sections covering Cisco and its employees, the environment, society and CSR governance.
- This year’s report features an interactive Flash overview and embedded
videos highlighting regional CSR initiatives around the globe.
Highlights / Key Facts:
- Cisco, along with its customers and partners, is demonstrating how networking technology can transform how the world manages its environmental concerns. Information technology, while a contributor of greenhouse gas emissions, has a larger role to play in mitigating the impact of other sectors as well as helping people and organizations reduce their environmental footprint.
- Cisco’s environmental programs focus on innovations to network architecture, environmentally-conscious product design and supply chains, and sustainable company operations. As a company, Cisco aims to reduce its absolute greenhouse gas emissions 25 percent by calendar year 2012 based on its calendar year 2007 baseline emissions.
- Sustainable practices are good business practices. Cisco TelePresence has more than 100 customers globally helping to reduce air travel and GHG emissions. By reducing carbon emissions, waste production, and natural resource demand in FY09, Cisco’s Global Supply Chain Management realized more than $3 million in annual cost savings through manufacturing efficiency.
- Cisco’s investment model in society focuses on education as a catalyst for social progress. Using public-private partnerships, Cisco has succeeded in bringing innovative ideas and practical expertise together to address global challenges.
- Through corporate governance, accountability and responsibility, responsible management and CSR governance, business resiliency and responsible risk management, supplier diversity, stakeholder engagement, and reporting frameworks, Cisco seeks to build trust in its company, innovation in its business and benefits to the global community.
- How and where people work have changed. And as the working world
continues to evolve, so do the needs and aspirations of the global
workforce. Cisco seeks new ways to cultivate inclusiveness, develop
leadership abilities, nurture career growth and engage its employees in its strategies and objectives.
Quotes:
Tae Yoo, Cisco senior vice president, Corporate Affairs
“As a global corporate citizen, Cisco is dedicated to improving the sustainability of our business and the communities where we operate. To accomplish this goal, Cisco collaborates with a variety of public, private, and nongovernmental organization (NGO) partners in a broad range of social responsibility initiatives. Cisco’s fourth annual CSR report incorporates data and feedback received from these groups as well as from our employees, shareholders and customers. We are pleased to share our disciplined approach, the progress we’ve made, and the work still to be done as we continue on our CSR journey.”
Source: Cisco