Cisco launches circular IT payment solution to support customer sustainability goals

News Summary:

• Payment model that makes it easier for customers to build a sustainable IT strategy to reach their environmental goals.
• Meets customers’ needs for more sustainability and budgeting with predictable payment schedules for five years and a 5% incentive on the equipment at the outset.
• Accelerates Cisco’s commitment to 100% product return and supports Cisco’s goal to be net zero on Scope 1, 2 and 3 emissions by 2040.

• Applies to Cisco’s sustainable technologies, including Green Meraki®, the Cisco IoT portfolio, smart buildings, and Service Provider (SP) infrastructure.
• Customers can also bundle in Cisco software and services.
• At the end of the term customers return the equipment or have the option to extend for one additional year.
• Available in select countries across Europe and Middle East including Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, Turkey, UK.
• Complements Cisco’s other sustainability efforts (including the recent launch of the partner Environmental Sustainability Specialization and Takeback Incentive and the Send IT Back app) to transition to the circular economy.
• Accelerates Cisco’s commitment to 100% product return and supports its goal to be net zero by 2040.

• In 2021, Cisco made a new commitment to reach net zero across all Scope 1, Scope 2, and Scope 3 emissions by 2040 (which includes product use, operations, and supply chain) with an interim goal to reach net zero across all global Scope 1 and Scope 2 emissions by 2025.
• At the World Economic Forum in January 2018, Cisco CEO Chuck Robbins and eight other tech executives signed the Capital Equipment Pledge, in which Cisco committed to 100% product return upon request, at no cost to customers. Cisco Green Pay helps accelerate this goal by introducing a commercial model that promotes circular IT versus ownership to help increase the number of products returned and remanufactured.
• By FY25, 100% of new Cisco products and packaging will incorporate Circular Design Principles.
• The Product Takeback and Reuse Program lets Cisco equipment owners return hardware that has reached end-of-use, at no cost. 99.9% of what is returned is reused and recycled, ensuring responsible disposition of equipment.
• In Fiscal 2021, Cisco enhanced its tools to facilitate product return at end of use by expanding the Send IT Back app. The app is currently available to both Android and iOS users in the US, UK, and the EU, with plans to expand access across additional markets globally.
• Cisco Refresh, Cisco’s certified remanufactured business, has reduced the company's reliance on raw materials and has kept over 2.5 million pounds (about 1133980 kg) of equipment from going to landfills in the past year. The program helps meet Cisco’s sustainability goals and benefits customers’ looking for tangible ways to show their sustainability commitments through a range of value-added lifecycle solutions.