Cisco Systems, Inc. - CSCO STOCK NEWS

Cisco Systems has reported significant employee engagement in community service, achieving over 80% participation for three consecutive years. The company's 2022 Cisco Purpose Report highlights efforts in environmental sustainability and social justice initiatives, showcasing the 'Power to Empower Campaign' which added over 100 nonprofits to its matching gifts portal. Cisco's Black Equity Grant program allocates $500,000 annually to support Black-serving nonprofits, with $75,000 distributed to five organizations this fiscal year.

Additionally, Cisco's employees raised over €100,000 for cancer charities through a hiking initiative in Spain. The company emphasizes sustainability with programs like Sustainability Central and a new Sustainability Ambassadors initiative, training employees to engage in Cisco's sustainability strategy. Cisco continues to promote a culture of giving back, proving a commitment to community and environmental impact.

Cisco Systems is partnering with Trickle Up to enhance financial inclusion for women in extreme poverty. This partnership aims to leverage technology and coaching to empower over 8,000 women in Mexico and Guatemala. The program focuses on building sustainable livelihoods through savings groups and training, supported by a new coaching app called Echb'eenink. The app, which includes modules on various topics such as gender-based violence and climate change, is set to expand globally. Cisco Foundation’s funding is crucial for these initiatives, targeting a goal of reaching 5 million people in extreme poverty by 2030.

Cisco Systems continues its commitment to sustainability with its Global Energy Management and Sustainability team, led by Ned Bagno. The EnergyOps program aims to enhance energy efficiency and integrate renewable energy across Cisco's global real estate. Cisco has successfully met its previous goal of a 60% reduction in Scope 1 and 2 GHG emissions ahead of schedule. Future plans include investing approximately US$39 million in energy efficiency and renewable energy by FY 2025, with targets to achieve a 90% reduction in Scope 1 and 2 emissions by FY 2025 and a 30% reduction in Scope 3 emissions by FY 2030. Cisco aims for net-zero emissions by 2040.

News Summary:

• Cisco has introduced AI enhancements in the Webex Suite, enhancing hybrid work experiences.
• The new cinematic meetings feature utilizes camera intelligence for improved collaboration.
• Webex Calling has surpassed 10 million users, reflecting nearly double year-over-year growth.

Cisco's AI capabilities are focused on ensuring exceptional experiences for both employees and customers, emphasizing data privacy. Upcoming AI features aim to improve video quality, optimize lighting, and streamline customer interactions through Webex Contact Center, further solidifying Cisco's leadership in technology solutions.

Cisco Systems Inc. emphasizes the importance of women's representation in technology as part of its commitment to an inclusive future. The company announced that women now make up 26% of participants in its Networking Academy, a 25-year-old education initiative. As tech pervades all sectors, Cisco highlights real-life success stories of women empowered by their programs, such as Nancy, Matilda, and Lawanda, who have transformed their lives through tech education. In conjunction with International Women's Day, Cisco aims to continue promoting gender equality in tech with initiatives like the Girls in ICT Day on April 27 and the Women Rock-IT program.

Cisco Systems emphasizes the importance of gender equity over mere equality in its initiatives on International Women's Day. This year's theme, "embrace equity", highlights the distinct needs of individuals for achieving equal outcomes. Cisco collaborates with various organizations to enhance opportunities for women in different sectors, aiming to create inclusive futures. Initiatives include funding for women-led startups and programs focusing on empowering female farmers and entrepreneurs in developing regions, promoting economic independence and community development.

Cisco Systems is addressing the digital divide by enhancing Internet connectivity and access worldwide. Their Country Digital Acceleration (CDA) program has facilitated over 1,100 projects across 44 countries since 2015. Recent initiatives include expanding EDGE Centers in South Africa to boost local businesses, launching a cybersecurity center in Italy, and deploying e-government kiosks in Switzerland. In the U.S., Cisco's partnership with Claflin University aims to extend broadband access to historically Black colleges and surrounding communities, reflecting a commitment to social justice and inclusion.