Sustainability Through Cisco’s Circular Business Practices

December 13, 2023 12:05 AM AEDT | By 3BL
 Sustainability Through Cisco’s Circular Business Practices
Image source: Kalkine Media

In the fast-paced digital age, electronic waste, commonly known as e-waste, has emerged as a formidable environmental challenge. With the relentless advancement of technology, the disposal of electronic devices has skyrocketed, leading to harmful consequences for our planet.

According to a study conducted by the United Nations in 2019, the world generates approximately 50 million tons of e-waste annually, and only 20% of it is recycled. Without intervention, e-waste is on track to reach an astonishing 120 million metric tons per year by 2050.

However, amidst this pressing concern, a glimmer of hope shines through the concept of the circular economy. Embracing a circular approach means reimagining the lifecycle of products, encouraging reuse, refurbishment, and recycling to minimize waste and resource depletion. As businesses play a pivotal role in shaping the future, their sustainability efforts are now more critical than ever.

At Cisco, we are focused on evolving from a linear economy, where products are used and then thrown away, to a circular economy that makes better use of our limited natural resources.

Cisco seeks to incorporate sustainability into its business practices, and part of our strategy involves minimizing the environmental impact as we develop, deploy, AND manage products at end of use in order to foster a more sustainable future. Here are some ways Cisco is working to improve sustainability  throughout our value chain.

Circular Design Principles

By prioritizing responsible product design and keeping sustainability at the forefront of these decisions, we are focused on reducing environmental impact, enhancing customer satisfaction, reducing costs, and fostering innovation, ultimately supporting a stronger market position and a more sustainable future.

At Cisco, we have a goal to incorporate Circular Design Principles into 100% of new products and packaging by 2025. In fiscal 2021, we developed a circular design evaluation methodology and tool to enable us to track progress toward that goal.

Product Takeback and Recycling Programs

Cisco’s commitment to circular economy principles extends to the end-of-use stage of products. By establishing robust product takeback, reuse and recycling programs, such as Cisco’s Product Takeback and Reuse, Customer Recycling Solutions and Cisco Refresh, we  are prioritizing responsible reuse, recycling, and disposal of our products and we encourage our customers and partners to participate in these programs. Nearly 100 percent of the products that are returned to Cisco are reused or recycled.

Embracing the Internet of Things (IoT) for Resource Optimization

By integrating IoT devices into operations, businesses can gather real-time data from various sources, enabling them to make informed decisions that can reduce resource waste while increasing efficiency.

Building operations, a source of up to 27 percent of carbon emissions in the world, are one example of what IoT can support. At Cisco’s Penn 1 office in New York, a recent retrofit added 5,000 IoT sensors and connected devices to the company’s 9th floor space, providing a constant stream of data that informs automated lighting, environmental, and other systems, running on low-voltage DC power from the network itself.

Collaboration and Advocacy

Cisco actively collaborates with industry partners, governments, and non-profit organizations to drive awareness and action in combating e-waste. We participate in policy discussions, share best practices, and advocate for sustainable practices across the industry. By fostering collaboration, Cisco amplifies its impact and encourages others to adopt circular economy principles.

Through programs like Cisco Green Pay, Cisco helps engage customers in the circular economy.

Cisco Green Pay is an IT payment solution that makes it easier for customers to build a sustainable technology strategy, simplifying budgeting for environmental, social, and governance (ESG) goals, and provides a path towards a more sustainable future for not just their own operations but possibly for other companies worldwide.

By embracing innovative product design, resource optimization, and responsible product end-of-use practices (including returns, reuse, and recycling), Cisco is setting a precedent for reducing waste, conserving resources, and reducing environmental impact.

Learn more about Cisco’s payment solutions to support a circular economy or visit the ESG Hub for more on Cisco’s product sustainability practices.

View original content here.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.