SAN JOSE, Calif. — The Cisco Foundation announced today it is committing US$100 million over 10 years to help battle climate change.
Grants and investments from the foundation, funded by Cisco, will support climate projects and technologies to power a sustainable and inclusive recovery, says the company’s press release.
The Cisco Foundation’s funding will focus on the following:
- Innovative and imaginative climate solutions that drive forward net zero or circular/regenerative economies.
- Community education and engagement around climate, eco-awareness, and working toward individual habit change and effective collaborative action.
“Today’s commitment will build on the Foundation’s approach to funding that drives meaningful impact by supporting early-stage, technology-based solutions with the potential to scale and be sustainable,” said Peter Tavernise, executive director of the Cisco Foundation, in the press release.
The company says it will work closely with organizations receiving funding to measure and report on the impact of their programs. Determinations on non-profit partners will be based on their ability to impact, measure and report outcomes such as:
- Reducing, capturing and/or sequestration of greenhouse gas and carbon emissions
- Increased energy efficiency
- Creation of, and increase in, access to green jobs
- Change in community behaviour that leads to carbon footprint reduction, community climate resilience, and creation of local/regional vision of the shared climate future we all want
This new funding is aligned with Cisco’s own efforts to reduce emissions and waste, to build more efficient products, and to set ambitious goals in its supply chain model and its technology development and production, says the company.
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