Cisco Systems, Inc. - CSCO STOCK NEWS

Cisco Systems has partnered with IỊisaġvik College in Utqiaġvik, Alaska, as part of its Social Justice Action 8 initiative. The project focused on enhancing the college's cybersecurity infrastructure and implementing solutions to maintain Title IV funding compliance. Cisco also introduced its Networking Academy to the curriculum, offering students opportunities for industry certifications.

The initiative, carried out in June 2024, supported Alaska's only Tribal College, helping preserve Iñupiaq culture while modernizing technology infrastructure. The project demonstrates Cisco's commitment to supporting minority-serving institutions and indigenous communities through technology advancement and educational opportunities.

Cisco Systems announces the publication of Life Cycle Assessments (LCAs) for its hardware products, becoming one of the first companies to produce such assessments for networking equipment. The LCAs evaluate products' environmental impact across multiple categories, including greenhouse gas emissions, water consumption, and resource depletion throughout production, transport, use, and end-of-life stages.

The company is making detailed reports and two-page GHG emissions summaries publicly available on cisco.com. This initiative aims to provide transparency to stakeholders, support customers in calculating their IT infrastructure's environmental impact, and inform product design decisions. The assessments will help Cisco track progress toward its goal of reaching net zero GHG emissions by 2040.

Cisco Systems addresses the critical issue of electronic waste (e-waste) in its Sustainability 101 series. The UN Global E-waste Monitor 2024 reports a record 62 million tonnes of e-waste produced in 2022, with only 22.3% properly recycled, leaving $62 billion worth of recoverable resources unaccounted for.

Through their Plan for Possible strategy, Cisco is committed to circular economy principles, aiming to incorporate Circular Design Principles into 100% of new products and packaging by fiscal year 2025. The company offers a free Takeback and Reuse Program, recycling nearly 100% of returned products.

Cisco's initiatives include their annual Recycle IT Day, which has helped recycle 3,283 metric tonnes of used electronics since 1995. The company emphasizes collaboration across value chains, involving customers, partners, and suppliers in advancing sustainability efforts.

Cisco outlines its commitment to sustainability in Storage Area Networks (SANs) through various initiatives. The company aims for 100% of new products and packaging to incorporate Circular Design Principles by FY2025. The MDS 9000 series switches exemplify this commitment through energy-efficient design and features.

Key sustainability aspects include: power-efficient hardware with Titanium-certified power supplies, smart software capabilities for remote power management, and monitoring tools through Nexus Dashboard. Cisco's Product Takeback and Reuse Program allows customers to return used equipment at no cost, with nearly 100% being reused or recycled.

Best practices for sustainable SAN architecture include virtualization, advanced power management, and optimal topology design. The MDS 9718 can support up to 768 ports, enabling efficient single-switch configurations that reduce power consumption and inter-switch links.

Cisco Systems showcases its collaboration with WWF-Australia through its ANZ Green Team initiative. The partnership, which began in August 2022, focuses on environmental conservation and sustainability efforts. Key achievements include:

- Securing a Cisco Foundation Regional Solution Grant of AUD$150,000 for the Australian Native Vegetation Mapping System project

- Partnership at Cisco Live APJC 2023 resulting in 100 koala adoptions (AUD$18,000 donation value)

The collaboration demonstrates Cisco's commitment to sustainability through employee engagement, workplace giving, and strategic partnerships. The ANZ Green Team, led by Vivien Chia, focuses on building sustainable partnerships, volunteering, and environmental education across Australia and New Zealand.

Cisco Foundation has invested in Carbon Reform through its Regenerative Future Fund to address indoor air quality and energy efficiency challenges in buildings. Carbon Reform's innovative Carbon Capsule® technology retrofits existing HVAC systems to capture CO₂, filter pollutants, and improve energy efficiency. In pilot projects, the system demonstrated potential cooling load reductions of up to 50%.

The investment aligns with Cisco's environmental sustainability strategy, focusing on clean energy transition, circular transformation, and resilient ecosystems. A notable pilot installation at Baltimore Gas and Electric's Spring Gardens facility showcases the technology's real-world impact, supporting BGE's goal of reaching net-zero emissions by 2050.

Cisco (NASDAQ: CSCO) has announced its 2024 Virtual Annual Meeting of Stockholders, scheduled for Monday, December 9, 2024, at 8:00 a.m. PST. The meeting will be hosted via audio webcast, featuring Chair and CEO Chuck Robbins. Stockholders of record as of October 10, 2024, can participate, vote, and ask questions during the virtual event.

The meeting will include live audio with synchronized slides and closed captioning. Stockholders can attend through www.virtualshareholdermeeting.com/CSCO2024. The 2024 Annual Report and Proxy are available on Cisco's website, and a replay of the meeting will be accessible on the Investor Relations website within 24 hours after conclusion.

Cisco and NTT DATA announced an expanded partnership to transform global enterprise wireless connectivity access. The collaboration integrates Cisco's eSIM technology with NTT DATA's Transatel network, enabling enterprises to activate and manage Cisco infrastructure across 180 countries. This solution allows for simplified provisioning, secure mobile branches setup, and enhanced network device management.

The partnership aims to provide flexible and cost-effective connectivity solutions, benefiting various industries including financial services, retail, hospitality, and manufacturing. Key features include out-of-box connectivity, simplified setup processes, and integrated security measures for primary or secondary connectivity needs.

Cisco (CSCO) and OneTen released a case study highlighting Cisco's successful transition to a skills-first hiring model since joining OneTen in 2021. The study showcases how Cisco moved from traditional degree-based hiring to focusing on competencies and experience, achieving a 96% retention rate among skills-first hires. The initiative aims to create career opportunities for talent without four-year degrees, particularly focusing on Black talent. The case study outlines key success factors including clear vision setting, leadership empowerment, secured budget, hiring manager partnerships, and talent support through a cohort model.