A bold commitment to climate solutions Despite the magnitude of the climate crisis, less than 2 percent of all philanthropic dollars are currently spent in the fight against climate change. And often, the most innovative solutions don’t get the support they need. The Cisco Foundation aims to change that. Since 1997, the Cisco Foundation has partnered with nonprofits, non- governmental organizations (NGOs), and community-based organizations to fund early-stage technology solutions with the potential to scale. These investments have been made in the areas of education, economic empowerment, and crisis response. Yet from crop shortages to mass displacements, climate change has the potential to undo much of the progress we’ve made over the past 25 years. That’s why the Cisco Foundation announced a new 10-year, US$100 million commitment to fund nonprofit grants and impact investing in climate solutions. This new funding portfolio will support two critical areas of focus: ● Bold and innovative solutions for decarbonization, including ecosystem resilience and regeneration. ● Strong initiatives to spur community engagement that can lead to habit change and collective action. The climate crisis cannot be solved by one organization, nation, or community. Given the Cisco Foundation’s successful track record of investing in solutions with positive social impact, this commitment is an important way it can play a bigger role—partnering with innovators and communities worldwide to help bring about a shared vision of a sustainable and regenerative world. FUTURE INTRO POWER INCLUSIVE 2021 Cisco Purpose Report | csr.cisco.com | ESG Reporting Hub 78
Cisco Purpose Report Page 78 Page 80