By Sydney Frost
Submitted by Cisco Systems, Inc.
Cisco is a tech giant, but social good is at the heart of everything they do. Cisco’s 2021 Purpose Report highlighted several accomplishments in 2021, including: providing job training to roughly three million students worldwide, contributing $477 million to community programs globally and deriving 85 percent of its energy from renewable sources.
Amy Poon, an Analyst Relations Manager at Cisco specializing in People, Policy, and Purpose said, “Industry analysts are primarily technology focused but to see a company holistically, one must understand its people and its purpose to get a full 360-degree view. That’s why more and more analysts are interested in learning about Cisco through the Purpose Report.”
Let’s see what the top tech industry analysts said about Cisco making its mark with the 2021 Purpose Report.
1) Rob Enderle, President and Principal Analyst of the Enderle Group states that Cisco’s approach to steer away from traditional company goals and purpose is impactful by “defining its purpose as making a material positive difference in the world.”
Simply put, “Cisco’s Purpose Is to Improve the World. Imagine if Others Followed.” Read more here.
2) Carolina Milanesi, Founder of The Heart of Tech and President of Creative Strategies, is positive on Cisco’s approach to Corporate Social Responsibility (CSR).
She tweeted her praise for the Purpose Report, saying “I love that @Cisco renamed its #CSR report the “’Purpose report’ environmental, social, and governance efforts should all have a long-term purpose to make the world a better place through technology… As we start talking about the #Metaverse I appreciate @Cisco’s new areas of purpose like addressing the Insecurity of Being, which happens when one is a target of hate & violence, only because they are part of a marginalized group, be it in the physical or virtual world.” Read more here.
3) Patrick Moorhead, Founder, CEO and chief analyst of Moor Insights & Strategy, said Cisco’s environmental-social-governance (ESG) work “is essentially the gold standard in the tech industry” for CSR.
“Less committed companies might have been content to simply reduce the emissions from their operations and call it a day. Leave it to Cisco to go the extra mile upstream and downstream,” Moorhead said about the company’s commitment to reaching net zero greenhouse gas emissions by 2040. Read more here.
4) Bola Rotibi, Analyst and Research Director of CCS Insight, says Cisco differentiates from the competition with purpose.
She states, “Cisco’s long-standing report exposes a solid bedrock for taking quantifiable action in support of its corporate social responsibilities… with its Purpose Report, Cisco has in place a yearly framework for assessing impact and achievements from many of the different ESG investments it’s made over the years.” Read more here.
Cisco is a known leader in the tech industry and enterprise networking, but, per analysts, Cisco is also becoming a top leader in IT corporate social responsibility through its efforts and goals in the 2021 Purpose Report.
To read highlights from our 2021 Cisco Purpose Report and learn more about how we’re powering a more inclusive future: Visit our Cisco ESG Reporting Hub
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