Cisco releases 2018 CSR report, aims to focus on emissions and waste reduction
Software giant Cisco has released its 2018 CSR report, outlining how the company’s technology and people have accelerated global problem solving across matters including homelessness, renewable energy, greenhouse gas reduction and workforce diversity.
In terms of environmental impact, key figures from the report include that 40% of Cisco’s operations in India are now powered by solar PPAs, and the company has achieved a45% reduction in Scope 1 and 2 GHG emissions worldwide since FY07.
Chuck Robbins, Chairman and CEO of Cisco, stated: “Through actions like solar power purchase agreements in India and a commitment at the World Economic Forum to help enable the circular economy, we continue to make every effort to reduce our environmental impact.
“I truly believe that when we apply the strength of our business – our technology, resources and expertise – to the issues that people face around the world, there is so much we can achieve.”
Going forward, focus areas will be under three pillars: people, planet and society. In terms of the ‘planet’ category, key goals are to reduce energy use and GHG emissions, as well as material use and waste reduction.
Cisco’s new ‘green goals’ include decreasing the use of virgin plastic by 20% by FY25, based on FY18 figures. The company will look to use electricity generated from renewable sources for at least 85% of global electricity by FY22. It will also aim to avoid 1mn metric tonne cumulative of GHG emissions in its supply chain by FY20, based on FY12 figures.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.