Water, food, and energy availability will be threatened by global warming. The primary cause of global warming is greenhouse gas (GHG) emissions. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.
Globally, the technology and communication industry contributes about 2% to 3% of greenhouse gas emissions. GHG emissions are released by industry operations such as energy consumption, product manufacture, and product use. Digital technology can reduce world carbon emissions by roughly 17%, according to the International Telecommunication Union. The technology industry can help other sectors improve their efficiency, reducing greenhouse gas emissions.
Cisco Systems Inc (Cisco) is an integrator of intent-based technologies across networking, security, collaboration, applications, and the cloud. The company reported total GHG emissions of 75.44 million tonnes CO2 equivalents (MtCO2eq) in 2021, an increase of 176% from 2020.
Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions result from sources that the firm owns or controls, such as fuel burnt by the company's vehicles. Indirect GHG emissions from the generation of purchased energy, such as the electricity needed to power the company's facilities, are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities, such as the production of packaging, product transportation, and product use.
In 2021, Cisco’s scope 3 emissions accounted for 99.75% of its overall GHG emissions (75.25 MtCO2eq). In 2021, the company's Scope 1 emissions were down by 31% and Scope 2 emissions decreased by 10%.
Cisco has set a goal to achieve net-zero across Scope 1, Scope 2, and Scope 3 emissions by 2040.
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