ORAN - Orange Business and Cisco sign first-of-its-kind MoU to accelerate GHG emissions reduction and support net zero goals | Benzinga
- Companies form collaborative partnership to accelerate progress towards GHG emission reduction goals.
- The agreement includes circular economy best practices, including refurbishing and recycling products.
- The collaboration will allow Orange Business to provide their customers an estimate of the GHG emissions from their products and solutions based on Cisco technology.
BARCELONA, Feb. 26, 2024 /PRNewswire/ -- Orange Business and Cisco have signed a Memorandum of Understanding (MoU) for a joint action plan to help reduce their greenhouse gas (GHG) emissions. The plan represents a first for both companies, deepening their partnership, and facilitating the sharing of data that will inform progress towards their net zero goals. They agree to create an emissions baseline regarding the GHG emissions of Orange Business solutions that integrate Cisco products, allowing both organisations to measure GHG emissions across their shared portfolio.
Both companies have ambitious net zero goals and other near-term targets related to reducing emissions and evolving their businesses to a circular model. Orange has set a goal to reduce its GHG emissions by 45% across all scopes by 2030*, committing to reaching net zero by 2040. Cisco has set a goal to reach net-zero GHG emissions across its value chain by 2040 and has also set a goal to reduce absolute Scope 3 emissions from purchased goods and services, upstream transportation and distribution, and use of sold Cisco products by 30% by 2030**.
This MoU arose in recognition of the interdependencies in achieving both companies' GHG emission reduction goals, and the understanding that a new kind of collaborative partnership is required to help accelerate progress. Both organisations hope that this MoU will represent the first of many collaborations towards joint net zero models.
"Sustainability is woven into everything we do at Cisco, from our ...