Cisco Systems, Inc. (Cisco) designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. In addition to its product offerings, the company provides a range of service offerings, including technical support services and advanced services.
Cisco takes numerous steps to ensure that its products environmental impacts are minimized, including utilizing a Design for Environment approach, conducting lifecycle assessments, and setting requirements for Cisco products to demonstrate energy scalability. Additionally, the company has strong end-of-life management programs to provide for the appropriate recycling and disposal of its products, particularly through its customer product takeback programs. In terms of operations, the company’s newly-built data centers are certified to LEED Gold standards and the majority of its manufacturing facilities are certified to ISO 14001 environmental management standards, demonstrating Cisco’s commitment to investing in operational efficiency improvements. Cisco also employs a comprehensive approach to managing its supply chain. The company is a founding member of the Electronic Industry Citizenship Coalition (EICC), requires suppliers to adhere to the EICC Code of Conduct, trains all suppliers along the code guidelines, and conducts audits as a second layer of assurance. Notably, Cisco also requires its direct suppliers to extend the same requirements to their own suppliers.
Cisco has a history laden with litigation and investigations concerning issues of human rights, tax avoidance and bribery. In addition, the company has combined CEO and Chair roles and multiple company executives serving as board members.
Industry: Information Technology
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.