STOCK TITAN

Beyond Philanthropy: The Cisco Foundation's Commitment to Thriving Communities

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

The Cisco Foundation has released its FY24 Impact Report, highlighting significant achievements in global community impact. Through strategic partnerships, the foundation reached over 170 million people in more than 100 countries. Key metrics show that 40% of funded solutions reach over 1 million people annually, and 97% of partners secured additional funding attributed to Cisco's support. The foundation emphasizes that 81% of partner organizations maintain local staff presence, ensuring community-focused approaches. The report also updates on their $100M Climate Regeneration commitment introduced in FY21, which combines grant funding for non-profits with investments in climate initiatives.

La Fondazione Cisco ha pubblicato il suo Rapporto di Impatto FY24, evidenziando risultati significativi nell'impatto globale della comunità. Grazie a partnership strategiche, la fondazione ha raggiunto oltre 170 milioni di persone in più di 100 paesi. Le metriche chiave mostrano che il 40% delle soluzioni finanziate raggiunge oltre 1 milione di persone ogni anno e che il 97% dei partner ha ottenuto finanziamenti aggiuntivi attribuibili al supporto di Cisco. La fondazione sottolinea che l'81% delle organizzazioni partner mantiene una presenza locale di personale, assicurando approcci focalizzati sulla comunità. Il rapporto aggiorna anche il loro introdotto nel FY21, che combina finanziamenti in donazioni per organizzazioni senza scopo di lucro con investimenti in iniziative climatiche.

La Fundación Cisco ha publicado su Informe de Impacto FY24, destacando logros significativos en el impacto comunitario global. A través de asociaciones estratégicas, la fundación alcanzó más de 170 millones de personas en más de 100 países. Las métricas clave muestran que el 40% de las soluciones financiadas alcanzan a más de 1 millón de personas anualmente, y que el 97% de los socios aseguró financiamiento adicional atribuido al apoyo de Cisco. La fundación enfatiza que el 81% de las organizaciones socias mantiene presencia de personal local, asegurando enfoques centrados en la comunidad. El informe también actualiza su compromiso de regeneración climática de 100 millones de dólares introducido en FY21, que combina financiamiento de subvenciones para organizaciones sin fines de lucro con inversiones en iniciativas climáticas.

시스코 재단이 FY24 영향 보고서를 발표하며 전 세계 커뮤니티에 미치는 중요한 성과를 강조했습니다. 전략적 파트너십을 통해 재단은 100개 이상의 국가에서 1억 7천만 명 이상의 사람들에게 도달했습니다. 주요 지표에 따르면 재정 지원을 받은 솔루션의 40%가 매년 100만 명 이상에게 도달합니다, 그리고 97%의 파트너가 시스코의 지원으로 추가 자금을 확보했습니다. 재단은 파트너 조직의 81%가 지역 직원의 존재를 유지하고 있습니다며, 이는 지역 사회 위주의 접근을 보장합니다. 이 보고서는 FY21에 도입된 1억 달러의 기후 재생 약속에 대한 업데이트도 포함하고 있으며, 이는 비영리 단체에 대한 기부금 지원과 기후 이니셔티브에 대한 투자로 통합됩니다.

La Fondation Cisco a publié son Rapport d'Impact FY24, soulignant des réalisations significatives dans l'impact communautaire mondial. Grâce à des partenariats stratégiques, la fondation a atteint plus de 170 millions de personnes dans plus de 100 pays. Les principales métriques montrent que 40% des solutions financées atteignent plus d'un million de personnes chaque année, et que 97% des partenaires ont sécurisé un financement supplémentaire attribué au soutien de Cisco. La fondation souligne que 81% des organisations partenaires maintiennent une présence de personnel local, assurant des approches centrées sur la communauté. Le rapport met également à jour leur engagement de régénération climatique de 100 millions de dollars introduit en FY21, qui combine un financement par subventions pour des organisations à but non lucratif avec des investissements dans des initiatives climatiques.

Die Cisco-Stiftung hat ihren FY24-Wirkungsbericht veröffentlicht, der bedeutende Erfolge bei der globalen Gemeinschaftswirkung hervorhebt. Durch strategische Partnerschaften hat die Stiftung über 170 Millionen Menschen in mehr als 100 Ländern erreicht. Schlüsseldaten zeigen, dass 40% der geförderten Lösungen jährlich über 1 Million Menschen erreichen und dass 97% der Partner zusätzliche Gelder gesichert haben, die auf die Unterstützung von Cisco zurückzuführen sind. Die Stiftung betont, dass 81% der Partnerorganisationen lokale Mitarbeiter beschäftigen, um gemeindeorientierte Ansätze zu gewährleisten. Der Bericht beinhaltet auch aktuelle Informationen zu ihrem 100-Millionen-Dollar-Engagement zur Klimaregeneration, das 2021 eingeführt wurde und Zuschussfinanzierungen für gemeinnützige Organisationen mit Investitionen in Klimainitiativen kombiniert.

Positive
  • Reached over 170 million people across 100+ countries
  • 40% of funded solutions reach 1M+ people annually
  • 97% of partners secured additional funding through Cisco's support
  • $100M commitment to Climate Regeneration initiatives showing progress
Negative
  • None.

By Brian Tippens, Charu Adesnik

NORTHAMPTON, MA / ACCESSWIRE / November 14, 2024 / Cisco Systems Inc.

Cover of the 2024 Cisco Foundation Impact Report

For over 25 years, the Cisco Foundation has been on a mission to shape the future through a deeply held commitment to the greater good.

A mission to create a healthy planet. Thriving communities. A world in which everyone can reach their full potential.

Our mission has never been more important. And the Cisco Foundation continues to expand the ways we fulfill it - bringing the best of Cisco's technology, resources, and expertise to develop innovative solutions for the critical challenges facing our people, planet, and society.

Introducing the Cisco Foundation's FY24 Impact Report

After surpassing our ten-year One Billion Lives goal in FY23, we felt inspired to share lessons learned, celebrate the transformative work of our partners, and actively communicate our approach.

In the Cisco Foundation's FY24 Impact Report, we aim to do just that. We dive deeper into our investment model, our partnership approach, how we define and measure impact, and highlights of the results we achieved over the past year.

Through our partnerships, more than 170 million people were positively impacted in more than 100 countries, in every region of the world. Beyond the number of people reached, the depth and sustained impact of our investments is clear.

  • Forty percent of the solutions we have invested in today are reaching more than 1 million people per year-advancing successfully from idea to scale

  • Ninety-seven percent of our partners have secured new funding which they directly attribute to Cisco's support-evidencing the catalytic nature of our investments

  • Fifty-six percent of our partners operate on less than $5 million annual operating budget-proving that small organizations can have an outsize impact

  • Eighty-one percent of our partners have more than 75 percent of their staff based in the country their programs operate-showing the importance of a proximate, client-centric, and community-focused approach

Our commitment to driving impact beyond philanthropy

Within the report, we've also featured stories of the impact our non-profit partners are having in communities in every region of the world. Each of these stories shines a light on how our unique approach drives extraordinary impact.

The Foundation's cash grants to our nonprofit partners are just the beginning of what we contribute. The powerful combination of Cisco's in-kind technology donations and the expertise and engagement of our Social Impact and Innovation teams and leaders and employees across our global company is what helps our partners build solutions that generate exponential impact.

We also continue to innovate - in FY21 introducing a $100M commitment to Climate Regeneration, which provides grant funding to non-profits as well as investments in climate companies and funds. We have completed the third year of this commitment, which is already delivering impact.

For Cisco, what we contribute is beyond philanthropy - it is integral to who we are and how we choose to impact the world around us.

We believe that continuing to share our journey will help our customers, our partners, our suppliers, and organizations of any type and size start to leverage their own unique strengths to move beyond philanthropic giving and begin to change the world for the better in new and fulfilling ways.

Together, we can usher in a new era of impact, developing solutions to the greatest challenges facing people, planet, and society with the power to change billions of lives.

Moving forward - our next big ambition

Since announcing our One Billion Lives achievement, we've been hard at work turning what we now envision as possible into our next big ambition.

Backed by our company's laser focus on our purpose to power an inclusive future for all, we've decided our path forward will feature innovative solutions to deepen our impact to specific underserved communities across the globe.

Our upcoming Cisco Purpose Report will feature a glimpse of our new aspiration - and give you a preview of the exciting solutions and partnerships that will focus on what matters most in these communities and drive generational impact.

View original content here.

View additional multimedia and more ESG storytelling from Cisco Systems Inc. on 3blmedia.com.

Contact Info:
Spokesperson: Cisco Systems Inc.
Website: https://www.3blmedia.com/profiles/cisco-systems-inc
Email: info@3blmedia.com

SOURCE: Cisco Systems Inc.



View the original press release on accesswire.com

FAQ

How many people did Cisco Foundation's initiatives impact in FY24?

The Cisco Foundation (CSCO) impacted more than 170 million people across more than 100 countries through their partnership initiatives.

What percentage of Cisco Foundation's solutions reach over 1 million people annually?

40% of Cisco's (CSCO) funded solutions are reaching more than 1 million people per year.

How much did Cisco commit to Climate Regeneration in FY21?

Cisco (CSCO) committed $100M to Climate Regeneration in FY21, providing grant funding to non-profits and investments in climate companies and funds.

What percentage of Cisco Foundation partners secured new funding?

97% of Cisco Foundation (CSCO) partners have secured new funding which they directly attribute to Cisco's support.

Cisco Systems, Inc.

NASDAQ:CSCO

CSCO Rankings

CSCO Latest News

CSCO Stock Data

230.34B
3.98B
0.07%
79.07%
1.47%
Communication Equipment
Computer Communications Equipment
Link
United States of America
SAN JOSE