RVBA-CSCO

Cisco Systems — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2025· 36 events

Net-zero by 2040 across value chain (90% absolute reduction Scope 1+2+3 vs FY19)affects net zero target yearData confidence — high

Cisco's overarching net-zero target: reduce absolute Scope 1, 2, and 3 emissions by 90% from FY19 base year by 2040, with the remaining 10% neutralized via removals.

sustainability_report p.8

Maintained Scope 1+2 90% reduction goalData confidence — high

Cisco achieved its FY25 goal to reduce absolute Scope 1 and Scope 2 emissions by 90% vs FY19 base year (89.7% rounded). Intends to maintain at least 90% reduction as it works toward 2040 net-zero.

sustainability_report p.41

Scope 3 reduction target by FY30Data confidence — high

By FY30, reduce absolute Scope 3 emissions from purchased goods and services, upstream transportation and distribution, and use of sold products by 30% from FY19. 35% reduction already achieved.

sustainability_report p.8

Net-zero target by 2040 across value chainData confidence — high

Cisco aims to reach net-zero GHG emissions across its value chain by 2040 by reducing absolute Scope 1, 2, and 3 emissions by 90% from a FY19 base year, neutralising the remaining 10% via removals.

sustainability_report p.8

NEW: Maintain Circular Design Principles in 100% of products in FY26Data confidence — high

After achieving 100% Circular Design Principles incorporation in FY25, Cisco set a new goal to maintain this in fiscal 2026.

sustainability_report p.8

Accelerated Networking Academy goal from FY32 to FY30Data confidence — high

Cisco accelerated its goal to train 25 million additional learners through Cisco Networking Academy from fiscal 2032 to fiscal 2030 (two years earlier).

sustainability_report p.20

Maintained Scope 1+2 90% reduction goal achievementData confidence — high

Cisco achieved its FY25 goal of reducing absolute Scope 1 and Scope 2 emissions by 90% vs FY19 baseline (actual 89.7%). Working toward FY30 Scope 3 30% reduction target and 2040 net-zero across value chain.

sustainability_report p.8

Limited assurance over Scope 1, Scope 2, and Scope 3 Category 3 emissionsData confidence — high

Cisco engaged an external third party to perform limited assurance procedures over GHG Scope 1, Scope 2, and Scope 3 category 3 emissions. Assurance over remaining Scope 3 categories, waste, and water will be conducted separately.

sustainability_report p.2

Cisco achieved 90% Scope 1+2 reduction milestone (FY25 near-term target met)Data confidence — high

In fiscal 2025, Cisco achieved its near-term goal of reducing absolute Scope 1 and Scope 2 emissions by 90% vs FY19 base year (rounded from 89.7%). Cisco purchased verified voluntary carbon removals to neutralize residual emissions. Intends to maintain ≥90% reduction toward 2040 net-zero goal.

sustainability_report p.8

Primary: Circular product & packaging designData confidence — high

100% of new Cisco products and packaging incorporate Circular Design Principles (FY25 goal met; FY26 maintenance goal set). 25 principles span Disassembly/Repair/Reuse, Packaging, Material Use, Smart Energy Consumption, and Standardize/Modularize. Packaging foam reduced 78% vs FY19 (target 75%); packaging cube efficiency improved 73% cumulatively vs FY19 (target 50%); recycled plastic content reached 45% vs 50% target. 76% of component/manufacturing suppliers by spend achieved zero-waste diversion at one or more sites.

sustainability_report p.45

Fiscal 2025 restructuring plan affecting ~7% of global workforceData confidence — high

In Q1 fiscal 2025, Cisco announced a restructuring plan to invest in key growth opportunities (AI, cloud, cybersecurity) and drive efficiencies, impacting approximately 7% of global workforce with estimated pre-tax charges up to $1B. Charges of $744M incurred in fiscal 2025; plan to be substantially completed by Q2 fiscal 2026.

sustainability_report p.60

Supplier legal dispute settlement - $355M charge to product COGSData confidence — high

On August 26, 2025, Cisco settled a legal dispute with a supplier over purchase obligations under long-term supply arrangements. Resulted in a Q4 FY2025 charge of ~$355M to product cost of sales (with ~$82M corresponding tax benefit), release of ~$563M from escrow, and forfeiture of ~$450M in supplier-held prepayments. Negatively impacted product gross margin by 0.8 ppts.

sustainability_report p.119

Adopted new segment reporting disclosure standard (ASU)Data confidence — high

Cisco adopted FASB ASU on segment reporting expanding disclosure of significant segment expenses for fiscal 2025 Form 10-K with comparative periods updated.

sustainability_report p.84

Fiscal 2025 restructuring plan - 7% of global workforceData confidence — high

Announced in Q1 fiscal 2025, the restructuring plan is expected to impact approximately 7% of global workforce, with estimated pre-tax charges of up to $1 billion. Plan expected to be substantially completed by end of fiscal 2025.

sustainability_report p.43

New goal: Maintain Circular Design Principles in 100% of new products in FY26Data confidence — high

After meeting FY25 100% Circular Design goal, Cisco set a new goal to maintain Circular Design Principles in 100% of new products and packaging in FY26.

sustainability_report p.8

Networking Academy goal accelerated from FY32 to FY30Data confidence — high

Cisco accelerated its 25M-learner Networking Academy goal timeline from fiscal 2032 to fiscal 2030, two years earlier than original goal.

sustainability_report p.20

Fiscal 2025 restructuring plan - ~7% of global workforceData confidence — high

In Q1 fiscal 2025, Cisco announced a restructuring plan to invest in key growth opportunities and drive efficiencies, expected to impact ~7% of global workforce, with estimated pre-tax charges of up to $1 billion.

sustainability_report p.43

100% renewable electricity match achieved for first timeData confidence — high

For the first time in company history, Cisco sourced renewable electricity to match 100% of global annual electricity needs at Cisco owned and leased facilities, using on-site renewables, PPAs, and energy attribute certificates.

sustainability_report p.41

Scope 3 reduction at 35% vs FY19 baseline (subset of categories)Data confidence — high

Cisco reports 35% reduction toward FY30 Scope 3 goal covering subset of Cat 1 (purchased goods from manufacturing/component/warehouse suppliers), subset of Cat 4 (purchased air transport), and all of Cat 11 (use of sold products).

sustainability_report p.8

Missed 50% recycled plastic content goal (45% achieved)Data confidence — high

Cisco did not meet its FY25 goal of 50% recycled plastic content in products by weight, achieving 45%.

sustainability_report p.8

Dependent: Upstream logistics (Scope 3 Cat 4) — 3% of footprintData confidence — high

Cisco addresses transportation emissions by prioritizing ocean over air freight and engaging logistics suppliers to shift to lower-emission modes of transport.

sustainability_report p.42

Dependent: Procurement & product manufacturing (Scope 3 Cat 1+2) — 36% of footprintData confidence — high

About one-fourth of emissions come from purchased goods, services, and capital goods including manufacturing/warehousing. In FY25 Cisco met its goal that 80% of component, manufacturing, and logistics suppliers by spend have a public absolute GHG reduction target (achieved 88%). Hosted net-zero roundtable with Thai suppliers. Partnered with two consumer brands to help Asian suppliers access clean electricity at affordable rates — 4 supplier sites committed to ~28M kWh of clean energy in 2025, avoiding ~16,717 tCO2e.

sustainability_report p.44

Dependent: Use of sold products (Scope 3 Cat 11) — 59% of footprintData confidence — high

The largest portion of Cisco's emissions (59%) comes from energy consumed by products during customer use. Decarbonisation approach: invest in product energy efficiency (cooling systems, optics, power sources); design more efficient silicon (Cisco Silicon One, N9300 Series Smart Switches with two processing engines for lower energy consumption); pursue ENERGY STAR certifications; and understand customers' renewable electricity strategies. Cisco's Energy Management capability gives customers visibility into energy use across Meraki Dashboard, Catalyst Center, Nexus Dashboard, and Splunk.

sustainability_report p.42

Primary: Direct operations: efficiency, electrification, building optimization (<1% of footprint)Data confidence — high

Scope 1 and 2 emissions are <1% of Cisco's total footprint. In FY25 Cisco implemented 78 energy efficiency projects avoiding ~11.5 GWh and 27,200 tCO2e annually. Used AI/advanced analytics for lab energy, airflow, and cooling. Completed first building electrification projects in San Jose CA and Galway Ireland. Increased EV share of European leased fleet from 11% (FY19) to 66% (FY25). 45 facilities certified to LEED/WELL (21% of portfolio).

sustainability_report p.43

Verified voluntary carbon removals neutralize residual operational emissionsData confidence — high

Cisco purchased verified voluntary carbon removals in support of its fiscal 2025 goal to neutralize the residual emissions from its operations after the 89.7% Scope 1+2 reduction vs FY19. For the 2040 net-zero target, Cisco intends to neutralize the remaining 10% of emissions by removing an equal amount from the atmosphere. Cisco distinguishes durable removals from offsets in its framing.

sustainability_report p.41

100% renewable electricity matched globally via PPAs, on-site solar, and EACsData confidence — high

In FY25, for the first time ever, Cisco sourced renewable electricity to match 100% of global annual electricity needs at owned and leased facilities. Methods include on-site renewables, long-term power purchase agreements, virtual PPAs, and energy attribute certificates. New PPAs include a 92 MW solar+wind facility serving Cisco's Bangalore campus (~181,400 MWh/year) and anchor-buyer role on two aggregated virtual PPAs for 172 MW of solar in Texas (100 MW from new projects online 2027). Together these efforts will produce >500,000 MWh of renewable energy per year. Cisco also piloted biodiesel for backup power in Bangalore and renewable natural gas at US and UK sites.

sustainability_report p.43

AWS member and Collective Action Accelerator participationData confidence — high

Cisco is an Alliance for Water Stewardship (AWS) member; in FY25 advanced supply chain participation in AWS Collective Action Accelerator. Water stewardship aligned with UN SDG 6. 95% of key suppliers responded to CDP water questionnaire.

sustainability_report p.49

100% Circular Design Principles achieved; new FY26 maintenance goalData confidence — high

Cisco met goal of 100% of new products and packaging incorporating Circular Design Principles. New goal: maintain 100% in FY26. Other progress: 78% packaging foam reduction (vs 75% target), 73% packaging cube efficiency improvement, but missed 50% recycled plastic content target (45%).

sustainability_report p.8

Networking Academy goal accelerated FY32→FY30Data confidence — high

Cisco accelerated its 10-year goal to reach 25 million additional Networking Academy learners from fiscal 2032 to fiscal 2030, in support of the World Economic Forum's Reskilling Revolution.

sustainability_report p.20

Reports against UN SDGs and frameworksData confidence — high

Cisco's reporting is aligned with GRI, SASB, TCFD, CDP, and the UN Sustainable Development Goals. Water stewardship aligned with SDG 6: Clean Water and Sanitation.

sustainability_report p.9

CDP Climate Change A List FY25Data confidence — high

Cisco recognized on CDP Climate Change A List in fiscal 2025.

sustainability_report p.9

Net-zero by 2040 across value chainData confidence — high

Goal: by 2040 reach net-zero GHG emissions across value chain by reducing absolute Scope 1, 2, and 3 emissions by 90% (FY19 base year). Remaining 10% to be neutralized via removals. Interim FY30 goal: 30% reduction in Scope 3 from purchased goods/services, upstream T&D, and use of sold products.

sustainability_report p.8

Achieved 90% Scope 1+2 reduction vs FY19 baselineData confidence — high

Cisco reported it met its FY25 near-term goal: reduce absolute Scope 1 and Scope 2 emissions by 90% vs FY19 base year (actual 89.7%, rounded to 90%). Cisco purchased verified voluntary carbon removals to neutralize residual operational emissions.

sustainability_report p.8

FY25 goal met: 90% Scope 1+2 reduction vs FY19affects scope 1 co2eData confidence — high

Cisco achieved its near-term goal to reduce absolute Scope 1 and Scope 2 emissions by 90% vs FY19. Reported as 89.7% rounded to 90%. Cisco also purchased verified voluntary carbon removals to neutralize residual operational emissions.

sustainability_report p.8

FY30 goal: 30% Scope 3 reduction (PG&S, upstream T&D, use of sold products)affects scope 3 co2eData confidence — high

Reduce absolute Scope 3 emissions from purchased goods and services, upstream transportation and distribution, and use of sold products by 30% vs FY19 base year by FY30. Progress at end of FY25: 35% reduction (ahead of target).

sustainability_report p.8

Cisco Networking Academy goal accelerated FY32→FY30Data confidence — high

The 25M learner goal timeline was tightened by two years, from FY32 to FY30 (FY23 base year).

sustainability_report p.7

2024· 15 events

Fiscal 2024 restructuring plan - 5% of global workforceData confidence — high

In Q3 fiscal 2024, Cisco initiated a restructuring plan impacting approximately 5% of global workforce to realign organization and enable investment in key priority areas. Incurred $654 million in charges in fiscal 2024.

sustainability_report p.43

Reclassified product revenue categoriesData confidence — high

Effective fiscal 2024, Cisco began reporting product revenue in new categories: Networking, Security, Collaboration, and Observability, conforming prior periods to current presentation.

sustainability_report p.39

15-year European VPPA operationalData confidence — high

A 15-year Virtual Power Purchase Agreement (VPPA) in Europe became operational in March 2024, advancing Cisco's clean energy strategy.

sustainability_report p.15

Fiscal 2024 restructuring plan completedData confidence — high

Cisco initiated a restructuring plan in Q3 fiscal 2024 to realign organization and enable investment in key priority areas. Cumulative charges of $654M; plan complete.

sustainability_report p.92

Completed acquisition of Splunk for ~$27 billionData confidence — high

On March 18, 2024, Cisco completed the acquisition of Splunk Inc. for total consideration of ~$27 billion. Splunk contributed ~$1.4B in revenue and a net loss of $557M in FY2024. The deal added $19.3B in goodwill and $10.6B of intangible assets, and was financed through senior notes and commercial paper, materially increasing total debt from $8.4B to $31.0B. Will significantly affect period-over-period comparison of revenue, opex, debt, and emissions footprint going forward.

sustainability_report p.71

Fiscal 2024 restructuring plan - ~5% of global workforceData confidence — high

In Q3 fiscal 2024, Cisco initiated a restructuring plan to realign the organization and enable further investment in key priority areas, impacting ~5% of global workforce. Incurred charges of $654 million for fiscal 2024.

sustainability_report p.43

Scope 3 FY30 target covers subset of categories onlyaffects scope 3 co2eData confidence — high

Cisco's FY30 30% Scope 3 reduction target includes a subset of Scope 3 Category 1 (purchased goods and services from manufacturing, component, and warehouse suppliers), a subset of Scope 3 Category 4 (upstream transportation/distribution from purchased air transportation), and all of Scope 3 Category 11 (use of sold products). Note coverage is partial, not full Scope 3.

sustainability_report p.15

15-year European VPPA became operational March 2024Data confidence — high

A 15-year Virtual Power Purchase Agreement (VPPA) in Europe became operational in March 2024 to further Cisco's clean energy strategy and progress toward FY25 90% Scope 1+2 reduction goal.

sustainability_report p.15

Product revenue category reporting realigned in FY24Data confidence — high

Effective fiscal 2024, Cisco began reporting product revenue in new categories: Networking, Security, Collaboration, and Observability, and conformed prior period product revenue to the current presentation. Affects period-over-period product mix comparisons.

sustainability_report p.39

Revised water consumption accounting methodologyData confidence — high

In FY24, Cisco revised its methodology for calculating water consumed by estimating that 50% of total water withdrawn at major campus locations with irrigation and cooling tower systems is evaporated, therefore considered consumed. Based on EPA WaterSense whitepaper. Caused a 196% increase in reported water consumption and 13% decrease in reported discharges vs FY23.

sustainability_report p.359

Limited assurance by ERM under ISAE 3000Data confidence — high

Cisco's Scope 1, Scope 2 (location and market-based), Scope 3 (Categories 1, 2, 3, 4, 5, 6, 7, 9, 11, 12), waste, and water withdrawal data received limited assurance from ERM under ISAE 3000 standard. 100% of reported emissions verified.

sustainability_report p.150

74% reduction in Scope 1+2 vs FY19 baseline achievedaffects scope 1 co2eData confidence — high

As of end of FY24, Cisco has reduced Scope 1 and Scope 2 emissions by 74% absolute compared to FY19 baseline, on track toward FY25 90% reduction near-term target. FY24 combined Scope 1+2 market-based emissions were 60,980 tCO2e vs 233,032 baseline.

sustainability_report p.321

Scope 3 reduction target 117% achievedaffects scope 3 co2eData confidence — high

FY30 near-term Scope 3 target (PG&S, upstream T&D, use of sold products) showed 117.41% of target achieved relative to FY19 base year. Reporting year emissions in target categories were 12,971,971 tCO2e vs 20,025,995 baseline (35% reduction, exceeding the 30% target).

sustainability_report p.325

Acquisition of Splunk for ~$27 billionData confidence — high

On March 18, 2024, Cisco completed its acquisition of Splunk for approximately $27 billion in merger consideration. Splunk contributed approximately $1.4 billion in revenue for fiscal 2024. The acquisition added $19.3 billion in goodwill, $10.6 billion in purchased intangibles, and significantly increased Cisco's debt (issued $13.5 billion in senior notes plus commercial paper). Largest acquisition in Cisco's history.

sustainability_report p.71

Completed acquisition of Splunk Inc. for ~$27 billionData confidence — high

On March 18, 2024, Cisco completed the acquisition of Splunk for approximately $27 billion. Fiscal 2025 results include a full year of Splunk vs. ~4 months in fiscal 2024, materially boosting Security and Observability revenue and software/subscription revenue. Goodwill of $19.3B and intangibles of $10.55B recorded.

sustainability_report p.69

2023· 4 events

Appointed first Chief Sustainability OfficerData confidence — high

In fiscal 2023, Cisco named Mary de Wysocki as its first-ever Chief Sustainability Officer to lead environmental sustainability strategy and oversee progress toward public environmental goals.

sustainability_report p.337

Limited third-party assurance of Scope 1, 2, and 3 emissionsData confidence — high

Cisco's Scope 1, 2 (location and market-based), and all reported Scope 3 categories received limited assurance from WSP USA per ISO 14064-3 standard for FY23.

sustainability_report p.152

RE100 commitment - 100% renewable electricity by 2030affects renewable energy pctData confidence — high

Cisco committed to sourcing 100% renewable electricity across its global operations by 2030. Member of RE100. As of FY24, 96% of global electricity demand was renewable.

sustainability_report p.336

FY23 Scope 3 use-of-sold-products emissions decreased vs base yearData confidence — high

Scope 3 Category 11 (Use of sold products) emissions were 15,563,298 tCO2e in FY23 vs 17,867,750 tCO2e in FY19 base year, representing progress toward the 30% reduction target by FY2030. However, emissions increased from FY22 due to higher product sales.

sustainability_report p.325

2022· 16 events

Revised supplier emissions calculation methodology for Scope 3 Cat 1affects scope 3 purchased goodsData confidence — high

In FY22, Cisco revised methodology used to calculate supplier emissions to be more reflective of current engagement. Tier 1&2 emissions used supplier emissions reported through CDP in 2022, with supplier revenue and Cisco's spend. Methodology was applied retroactively to FY19 base year, resulting in restatement.

sustainability_report p.58

SBTi-validated net-zero by 2040 targetData confidence — high

In September 2021, Cisco announced a goal to achieve net-zero across all scopes of GHG emissions by 2040. In 2022, the goal was approved by the Science Based Targets initiative (SBTi) Net-Zero Standard.

sustainability_report p.16

Limited assurance maintained by WSP USA per ISO 14064-3Data confidence — high

WSP conducted independent third-party limited assurance review of Cisco's FY22 GHG (Scope 1, 2 location/market, and Scope 3 categories), water, and waste inventories.

sustainability_report p.117

Will reconsider Scope 3 near-term target after methodology changeData confidence — high

After methodology change for Use of Sold Products, reduction percentage exceeded initial near-term target. Cisco will actively consider whether to adjust near-term targets. Progress may fluctuate year-over-year based on number and type of products sold.

sustainability_report p.48

SBTi-validated net-zero by 2040 target across Scope 1, 2, 3Data confidence — high

In July 2022, Cisco's net-zero by 2040 goal was approved by SBTi under its new Net-Zero Standard, requiring 90% reduction in absolute Scope 1, 2, and 3 emissions vs FY19 baseline. Cisco is among the first technology hardware companies to have its net-zero goal validated under this standard.

sustainability_report p.47

Near-term target: 90% Scope 1+2 reduction by FY25affects scope 1 co2eData confidence — high

Near-term goal to reduce absolute Scope 1 and Scope 2 emissions 90% by FY25 vs FY19 base year. 39% reduction achieved as of FY22.

sustainability_report p.9

Near-term target: 30% Scope 3 reduction by FY30affects scope 3 co2eData confidence — high

Reduce absolute Scope 3 emissions from purchased goods and services, upstream transportation and distribution, and use of sold products by 30% by FY30 (FY19 base year). This expands previous goal to include use of sold products. 22% reduction reported in FY22 based on current methodology, subject to change.

sustainability_report p.9

Stopped business operations in Russia and BelarusData confidence — high

Following Russian invasion of Ukraine, Cisco stopped all business operations in Russia and Belarus and offered support to Ukraine-based employees.

sustainability_report p.11

Scope 3 calculation methodology subject to changeaffects scope 3 co2eData confidence — high

FY22 Scope 3 reduction (22%) reported as 'based on Cisco's current Scope 3 emissions calculation methodology and subject to change' — flagging that methodology may evolve.

sustainability_report p.9

Created Engineering Sustainability OfficeData confidence — high

In FY22, Cisco created a new Engineering Sustainability Office to accelerate decarbonization across the value chain and help customers achieve sustainability goals. Works across engineering teams with measurable results.

sustainability_report p.47

50% recycled plastic content goal by FY25Data confidence — high

New goal as of FY23: 50% of plastic used in Cisco products (by weight) will be made of recycled content. Builds on prior virgin plastic reduction goal.

sustainability_report p.6

Use of Sold Products methodology aligned with latest GHG Protocol guidanceaffects scope 3 co2eData confidence — high

Adjusted methodology for Scope 3 Cat 11 (Use of Sold Products) to align with latest GHG Protocol Technical Guidance. Previous methodology calculated annualized emissions from products in use; new methodology calculates emissions based on products sold in current year over their entire future lifetime. Result: reduction percentage increased, exceeding initial near-term target.

sustainability_report p.57

FY19 Scope 1 baseline recalculated to correct minor errorsaffects scope 1 co2eData confidence — high

Recalculated FY19 Scope 1 emissions to correct minor errors discovered during the reporting year and re-assured the figure for consistency. Updated FY19 Scope 1 baseline is 47,276 tCO2e.

sustainability_report p.58

Business travel methodology expanded to include additional transportation modes and hotelsaffects scope 3 business travelData confidence — high

Cisco now uses combination of distance-based, fuel-based, and spend-based methodologies for Scope 3 Cat 6. Restatement of FY19-FY22 emissions includes additional transportation modes and hotels. Current values differ from historically reported figures.

sustainability_report p.75

2040 net-zero goal validated by SBTi Net-Zero Standardaffects net zero target yearData confidence — high

Cisco's 2040 net-zero goal across its value chain was approved by the Science Based Targets initiative (SBTi) in 2022 under its Net-Zero Standard. Cisco was one of the first technology hardware and equipment companies to have its net-zero goal validated under the SBTi Net-Zero Standard. Includes near-term targets of 90% reduction in absolute Scope 1 and 2 by FY25 (vs FY19) and 30% reduction in absolute Scope 3 from purchased goods/services, upstream transport, and use of sold products by FY30 (vs FY19).

sustainability_report p.15

SBTi-validated 2040 net zero goalData confidence — high

Cisco's 2040 net-zero goal was approved by the Science Based Targets initiative (SBTi) in 2022 under its Net-Zero Standard. Cisco was one of the first technology hardware and equipment companies to have its net-zero goal validated under the SBTi Net-Zero Standard. Includes near-term targets: 90% reduction in absolute Scope 1 and 2 GHG emissions by FY25 vs FY19 baseline, and 30% reduction in absolute Scope 3 emissions from purchased goods and services, upstream transportation, and use of sold products by FY30 vs FY19.

sustainability_report p.15

2021· 12 events

Supply chain GHG goal achieved early; expanded engagementData confidence — high

In 2019, Cisco met goal to avoid 1 million metric tonnes CO2e in supply chain one year early. Now reporting against new 30% absolute reduction goal by FY30 (FY19 base) covering Tier 1/2 manufacturing, components, warehouse suppliers, and Cisco-paid transportation emissions.

sustainability_report p.76

Refined Scope 3 calculation methodologyaffects scope 3 co2eData confidence — high

Cisco is refining its methodology for calculating several Scope 3 categories. Distribution of Scope 3 emissions across categories has changed compared to fiscal 2020. Figures expected to continue to change.

sustainability_report p.75

Cisco Foundation US$100M climate solutions pledgeData confidence — high

In 2021 the Cisco Foundation pledged US$100M over 10 years to fund climate solutions including nature-based resilience, smallholder farmer support, indigenous communities, and biodiversity (Connected Conservation Foundation). Progress: US$24M grants and US$25M investments since FY21.

sustainability_report p.47

Scope 1 & 2 goal achieved early; new net zero by 2025 goal setData confidence — high

Cisco met its FY22 goal to reduce Scope 1 and 2 GHG emissions 60% (FY07 base) one year early, and set a new goal to reach net zero Scope 1 and 2 emissions by FY25 (FY19 base year).

sustainability_report p.76

Supply chain Scope 3 reduction target: 30% by FY30affects scope 3 co2eData confidence — high

New goal to reduce Cisco supply chain-related Scope 3 GHG emissions by 30% absolute by FY30 from FY19 base year. Currently on track at 27% reduction (FY20 data).

sustainability_report p.12

Net zero by 2040 commitment for all scopesaffects net zero target yearData confidence — high

In early fiscal 2022 (September 2021), Cisco committed to reach net zero greenhouse gas emissions across Scopes 1, 2, and 3 by 2040, using FY19 as base year. Cisco plans to pursue SBTi approval. Includes near-term target of net zero Scope 1 & 2 by 2025.

sustainability_report p.76

SBTi-approved 2040 net-zero target with 90% reduction across all scopesData confidence — high

Cisco set a goal to reach net-zero GHG emissions across its value chain by 2040 by reducing absolute scope 1, 2, and 3 emissions by 90% (FY19 base year). Includes near-term targets: 90% reduction in Scope 1+2 by FY2025, and 30% reduction in Scope 3 (Cat 1, 4, 11) by FY2030. Approved by SBTi under Net-Zero Standard in July 2022.

sustainability_report p.49

Set 2040 net-zero target validated by SBTi Net-Zero StandardData confidence — high

In September 2021, Cisco set a goal to reach net-zero GHG emissions across its value chain (Scope 1, 2, and 3) by 2040 by reducing absolute emissions by 90% from FY2019 base year. Approved by SBTi under its Net-Zero Standard in July 2022. Cisco is one of the first technology hardware companies to have its net zero goal validated under the SBTi Net-Zero Standard.

sustainability_report p.317

Near-term SBTi target: 90% Scope 1+2 reduction by FY2025Data confidence — high

Near-term target to reduce absolute Scope 1 and 2 emissions 90% by FY2025 vs FY2019 base year. As of FY23, Cisco had reduced Scope 1 and 2 emissions by 48% absolute compared to FY2019 baseline (53.68% of target achieved).

sustainability_report p.317

Near-term SBTi target: 30% Scope 3 reduction by FY2030Data confidence — high

Near-term target to reduce absolute Scope 3 emissions from purchased goods and services, upstream transportation and distribution, and use of sold products 30% by FY2030 vs FY2019 base year.

sustainability_report p.321

Cisco Foundation $100M climate solutions commitmentData confidence — high

In 2021, the Cisco Foundation pledged US$100 million over 10 years to fund a portfolio of innovative climate solutions. As of FY25: US$24M in grants + US$25M in investments = US$49M deployed.

sustainability_report p.47

SBTi-validated net-zero by 2040 targetaffects net zero target yearData confidence — high

Cisco set a goal to reach net-zero GHG emissions across its value chain by 2040 by reducing absolute scope 1, 2, and 3 emissions by 90% (FY19 base year). Validated by SBTi under Net-Zero Standard in 2022. Includes near-term targets: 90% Scope 1+2 reduction by FY25 and 30% Scope 3 reduction (PG&S, upstream T&D, use of sold products) by FY30.

sustainability_report p.318

2020· 9 events

Scope 3 supply chain GHG reduction target set (30% by FY30, FY19 baseline)affects scope 3 co2eData confidence — high

Cisco set a goal to reduce supply chain-related Scope 3 GHG emissions by 30% absolute by FY30 (FY19 base year). This is a new target with FY19 as base year.

sustainability_report p.8

Decommissioned Boxborough MA on-site water treatment systemData confidence — high

In FY20, Cisco decommissioned the on-site groundwater withdrawal and treatment system at its Boxborough, MA campus. This eliminated groundwater withdrawals/discharges from operational boundary in subsequent years.

sustainability_report p.347

Circular Design Principles - 100% of new products and packaging by FY25Data confidence — high

Goal that 100% of new Cisco products and packaging will incorporate Circular Design Principles by FY25. Methodology being instituted in FY21.

sustainability_report p.8

80% of suppliers (by spend) to have public absolute GHG reduction targets by FY25Data confidence — high

New supplier engagement goal: 80% of Cisco component, manufacturing, and logistics suppliers by spend will have a public, absolute GHG emissions reduction target by FY25. As of FY20, 33% reported.

sustainability_report p.8

Eliminate paper documentation from product shipments by end of 2021Data confidence — high

Cisco announced in July 2020 it will eliminate all paper documentation included in new product shipments by end of 2021, moving to electronic delivery to reduce waste, cost, and GHG emissions.

sustainability_report p.45

Expanded responsible minerals program to include cobaltData confidence — high

Cisco grew responsible minerals program to include cobalt and other conflict-affected and high-risk areas (CAHRAs), conducting first Cobalt Supplier Survey using RMI's Cobalt Reporting Template.

sustainability_report p.50

Positively impact 1 billion people by 2025Data confidence — high

Cisco's social impact goal: positively impact 1 billion people through social impact grants and signature programs by 2025. As of FY20, 527 million people impacted.

sustainability_report p.9

COVID-19 pandemic impact on operationsData confidence — high

COVID-19 significantly impacted Cisco's operations, supply chain, and waste generation. Most facilities closed for nearly half the year, producing about half the waste of the prior year. COVID-19 also drove the 26.1% virgin plastics reduction and 11.5% foam reduction in FY20, which Cisco did not consider as goal achievement.

sustainability_report p.40

Reduce virgin plastic use 20% by FY25 (FY18 baseline)Data confidence — high

New circular economy goal to decrease virgin plastics use by 20% by FY25 vs FY18. In FY20, achieved 26.1% reduction, but largely COVID-19 driven so goal not considered met.

sustainability_report p.8

2019· 6 events

Achieved 1M tonne supply chain GHG avoidance goal one year earlyData confidence — high

In FY19, Cisco achieved its goal to avoid 1 million metric tonnes cumulative GHG emissions in its supply chain (FY12-FY20), reaching 115% (1,152,562 tonnes) one year ahead of schedule.

sustainability_report p.169

New goal: 30% absolute reduction in supply chain Scope 3 GHG by FY30affects scope 3 co2eData confidence — high

With the FY20 supply chain GHG goal complete, Cisco set a new goal to reduce supply chain-related Scope 3 GHG emissions by 30% absolute by FY30 (FY19 base year). Includes Tier 1 and Tier 2 manufacturing, component, and warehouse suppliers plus transport emissions paid by Cisco.

sustainability_report p.142

80% of suppliers (by spend) to have public absolute GHG reduction targets by FY25Data confidence — high

New goal that 80% of Cisco component, manufacturing, and logistics suppliers by spend will have a public, absolute GHG emissions reduction target by FY25, preferably science-based.

sustainability_report p.142

Circular economy and packaging goals announcedData confidence — high

July 2019: Reduce all foam used in product packaging by 75% by FY25; increase product packaging efficiency by 50% by FY25; 70% of suppliers by spend to achieve zero waste diversion at one or more sites by FY25.

sustainability_report p.142

Expanded supplier environmental engagement to logistics suppliersData confidence — high

In FY19, Cisco expanded its scope of supplier environmental assessments to include logistics suppliers, with 100% of strategic logistics suppliers completing SAQs.

sustainability_report p.120

Began calculating Scope 3 Use of Sold Products emissionsaffects scope 3 co2eData confidence — high

Cisco started tracking Scope 3 Category 11 (use of sold products) emissions, calculated at 39.3 million tCO2e for FY19, dwarfing other scopes. Created a manual database of products and energy consumption.

sustainability_report p.174

2018· 8 events

FY22 Scope 1 & 2 GHG reduction goal: 60% absolute reduction (FY07 baseline)affects scope 1 co2eData confidence — high

In FY17, Cisco set a goal to reduce total Scope 1 and 2 GHG emissions worldwide by 60 percent absolute by FY22 vs. FY07 baseline. This is a science-based target listed on SBTi as 'target set'.

sustainability_report p.122

Decrease virgin plastics use by 20% by FY25 (FY18 baseline)Data confidence — high

October 2018 goal to decrease use of virgin plastics by 20% by FY25 from FY18 base year.

sustainability_report p.142

Updated Scope 2 reporting per GHG Protocol guidanceData confidence — high

Scope 2 emissions for all years have been adjusted to reflect the GHG Protocol's new Scope 2 guidance released in 2015. Cisco now reports both location-based and market-based Scope 2 emissions.

sustainability_report p.125

100% Product Return pledge (PACE Capital Equipment Pledge)Data confidence — high

At the WEF 2018 Annual Meeting, Cisco joined the Platform for Accelerating the Circular Economy (PACE) Capital Equipment Pledge committing to 100% product return.

sustainability_report p.112

Decrease virgin plastics 20% by FY25Data confidence — high

Cisco committed to decrease use of virgin plastics by 20 percent by FY25, using FY18 as the baseline year. Announced September 2018.

sustainability_report p.120

Product power efficiency goal: 77% to 87% by FY22Data confidence — high

In FY18, Cisco announced a new science-based goal to improve large rack-mounted-equipment system power efficiency from 77% to 87% by FY22 (FY16 baseline). Listed on SBTi as 'target set'.

sustainability_report p.122

85% renewable electricity goal by FY22affects renewable energy pctData confidence — high

Cisco set a goal to use electricity generated from renewable sources for at least 85 percent of global electricity by FY22.

sustainability_report p.122

World Economic Forum Capital Equipment Pledge: 100% product return commitmentData confidence — high

At Davos in January 2018, CEO Chuck Robbins committed to 100% product return, taking back used equipment upon request from any customer and expanding reuse, refurbishment, and remanufacturing.

sustainability_report p.144

2017· 5 events

FY17 business air travel reduction goal not metaffects scope 3 business travelData confidence — high

Cisco did not meet its FY17 goal to reduce business-air-travel Scope 3 emissions by 40% absolute (FY07 baseline). Achieved only 11% reduction. Goal not carried forward into new FY22 commitments.

sustainability_report p.108

New FY22 Scope 1+2 GHG reduction target set (60% absolute, FY07 baseline)affects scope 1 co2eData confidence — high

In July 2017, Cisco announced two new 5-year goals: reduce Scope 1 and 2 GHG emissions by 60% absolute by FY22 (FY07 baseline) and use renewable electricity for 85% of global operations by FY22. These goals are aligned with IPCC recommendations and considered science-based.

sustainability_report p.98

New 85% renewable electricity goal by FY22affects renewable energy pctData confidence — high

Cisco set new goal to use electricity generated from renewable sources for at least 85% of global electricity by FY22, expanding from prior 25% goal.

sustainability_report p.98

60% absolute Scope 1+2 GHG reduction goal by FY22 (FY07 baseline)affects scope 1 co2eData confidence — high

September 2017 goal: Reduce total Cisco Scope 1 and 2 GHG emissions worldwide by 60% absolute by FY22 (FY07 baseline). FY19 progress: -49.3%. Also goal of 85% renewable electricity by FY22.

sustainability_report p.142

Limited assurance for supply chain GHG goal verificationData confidence — high

Cisco obtained limited assurance verification under ISO 14064-3 for Supply Chain GHG Reduction Program emissions avoidance figures, expanding external assurance scope.

sustainability_report p.107

2016· 4 events

Supply chain GHG avoidance goal: 1 million metric tonne by FY20affects scope 3 co2eData confidence — high

In June 2016, Cisco announced its first Scope 3 supply chain GHG emissions goal: avoid one million cumulative metric tonne of GHG emissions within supply chain between FY12 and FY20. Reached 71.2% of goal by FY17 (711,980 tCO2e).

sustainability_report p.107

Adopted GHG Protocol updated Scope 2 dual reportingaffects scope 2 co2e marketData confidence — high

Scope 2 emissions for all years were adjusted to reflect the GHG Protocol's updated Scope 2 guidance (released 2015), now reporting both location-based and market-based figures. This had material impacts on current and prior-year Scope 2 figures.

sustainability_report p.122

Limited assurance over Scope 1 & 2 GHG inventory (ISO 14064-3)Data confidence — high

An independent third party provides annual limited assurance review of Cisco's GHG inventory in accordance with ISO 14064-3, published with CDP submittal.

sustainability_report p.121

Supply chain GHG goal: avoid 1M tCO2e cumulative FY12-FY20affects scope 3 co2eData confidence — high

In FY16 Cisco announced its first Scope 3 supply chain GHG emissions goal: to avoid one million metric tonne cumulative of supply chain GHG emissions between FY12 and FY20. Progress at end FY16: 391,399 tCO2e avoided (39.1% of goal).

sustainability_report p.118

2015· 5 events

Scope 3 business air travel reduction target: 40% by FY17affects scope 3 business travelData confidence — high

Goal to reduce total Cisco business-air-travel Scope 3 GHG emissions worldwide by 40 percent absolute by FY17 (FY07 baseline).

sustainability_report p.80

Scope 1+2 GHG reduction target: 40% absolute by FY17 (FY07 baseline)affects scope 1 co2eData confidence — high

Cisco set a goal to reduce total Scope 1 and 2 GHG emissions worldwide by 40 percent absolute by FY17 from FY07 baseline. As of FY15, achieved -22.4%.

sustainability_report p.80

Adopted GHG Protocol revised Scope 2 guidance (market-based reporting)affects scope 2 co2e marketData confidence — high

Scope 2 emissions for all years adjusted to reflect 2015 GHG Protocol Scope 2 dual-reporting guidance (location-based and market-based). This had material impacts on prior-year Scope 2 figures.

sustainability_report p.101

Divested set-top box divisionData confidence — high

As of end of FY15 Cisco no longer sells set-top boxes; this division and associated products were part of a divestiture.

sustainability_report p.143

Renewable electricity ≥25% through FY17affects renewable energy pctData confidence — high

Use electricity generated from renewable sources for at least 25 percent of electricity every year through FY17. In FY15 achieved 71.9%.

sustainability_report p.80

2014· 1 event

NDS acquisition added ~5,000 employees and travel emissionsaffects scope 3 business travelData confidence — high

Acquisition of NDS added approximately 5,000 employees, contributing to increased Scope 3 air-travel emissions in FY14. If air travel from NDS is excluded, FY14 reduction vs FY07 baseline would be -25% rather than -21%.

sustainability_report p.71

2013· 4 events

Scope 1+2 reduction goal: -40% absolute by FY17 vs FY07affects scope 1 co2eData confidence — high

Cisco set a goal to reduce total Scope 1 and 2 GHG emissions worldwide by 40% absolute by FY17 from a FY07 baseline. As of FY16, achieved -34% (85% progress).

sustainability_report p.118

Updated DEFRA emissions factors applied to all yearsaffects scope 3 business travelData confidence — high

All Scope 3 air-travel emissions recalculated using DEFRA 2014 emissions factors (Ricardo-AEA/Carbon Smart), applied retroactively to all reported years including base year. This changed historical totals reported in earlier CSR reports.

sustainability_report p.71

New 5-year GHG reduction goals announced FY13affects scope 1 co2eData confidence — high

In February 2013, Cisco announced a set of five new goals: reduce Scope 1 and 2 GHG emissions 40% absolute by FY17 (FY07 baseline); reduce business air travel Scope 3 emissions 40% absolute by FY17; reduce electricity emission factor to half of IEA world average; reduce operational energy use per unit of revenue 15% by FY17; and use renewable electricity for at least 25% every year through FY17.

sustainability_report p.83

Renewable electricity goal: ≥25% through FY17affects renewable energy pctData confidence — high

Goal to use electricity generated from renewable sources for at least 25% of Cisco's electricity every year through FY17. Achieved 77.1% in FY16.

sustainability_report p.129

2008· 1 event

EPA Climate Leaders 25% absolute GHG reduction goal achievedData confidence — high

June 2008 EPA Climate Leaders commitment to reduce all Scope 1, 2 and business-air-travel Scope 3 GHG emissions worldwide by 25% absolute by end of CY12 (CY07 baseline). Goal met in 2012 and commitment closed.

sustainability_report p.83