Cisco Systems

Communications Equipment

CSCO

$ 49 0.35

Share price

$ 199 bn

Market Cap

$ 189 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.03x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -6.6% weighted average for S&P 500

FY2022

Cisco Systems aims to achieve net zero for Scope 1 + 2 by 2025

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2022

Cisco Systems aims to achieve net zero for all Scopes by 2040

1.5°C

GHG emissions and Carbon intensity

Cisco Systems reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2021 at 179 Kt (-24 /-12% y-o-y). Also positively, carbon intensity was down at 3.6 t (-0.5 /-12.2% y-o-y).

Cisco Systems's Scope 3 emissions plunged to 17,756 Kt (-6,748 /-27.5% y-o-y). This is a higher rate of decline than over the period since 2Q'19 (-13% CAGR).

The company is committed to achieving net zero for Scope 1 + 2 by 2025, which translates into the estimated reduction of -45 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -944 Kt per annum over the period of FY2022 - FY2040. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2019, which it appears to have already achieved as of 2021. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q2	179	29	149	17,756	49,818	3.6
2020Q2	203	39	164	24,505	49,301	4.1
2019Q2	229	41	187	26,971	51,904	4.4
2018Q2	246	41	205		49,330	5
2017Q2	265	42	224		48,005	5.5
2016Q2	301	53	248		49,247	6.1
2007Q2	451	48	402