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What are two potential benefits of operating a more sustainable practice? (Choose two.)
Operating a more sustainable practice offers two significant benefits:
Allows partners to meet Request for Proposal (RFP) requirements (A): Many organizations, especially in the public and corporate sectors, now require sustainability commitments in their RFPs. By incorporating sustainable practices, partners can better meet these requirements, which increases their chances of winning contracts and expanding business opportunities.
Provides access to green recovery funds (C): Governments and financial institutions are increasingly offering green recovery funds or incentives to organizations that focus on sustainability. These funds help businesses transition to more sustainable operations, offering financial support for green initiatives like energy efficiency improvements, renewable energy adoption, and waste reduction. Access to such funds can provide a competitive advantage and reduce operational costs.
Environmental Sustainability References:
European Commission. (2021). Green Recovery: Supporting Businesses to Transition to Sustainability.
United Nations Environment Programme (UNEP). (2022). Sustainable Procurement and Meeting RFP Requirements.
World Bank. (2021). Green Funds for Economic Recovery and Sustainable Business Development.
Why are companies moving to a circular economy?
Companies are moving to a circular economy because it helps mitigate risks and increase supply chain resilience. In a circular economy, companies reduce dependence on raw materials by reusing, recycling, and remanufacturing products, which helps them buffer against supply chain disruptions caused by resource scarcity, price volatility, or geopolitical issues. By keeping materials in use longer and reducing waste, companies also lessen their environmental impact and build more resilient, sustainable business models.
This transition not only decreases environmental risks but also promotes innovation in product design, enhances resource efficiency, and reduces overall production costs. As companies face increasing pressure to align with sustainability regulations and customer demand for greener products, adopting a circular economy becomes a crucial strategy for risk management and operational continuity.
Environmental Sustainability References:
Ellen MacArthur Foundation. (2020). Circular Economy in Business: Risk Mitigation and Resilience.
World Economic Forum. (2021). Building Resilient Supply Chains Through Circular Economy Practices.
McKinsey & Company. (2020). The Business Case for a Circular Economy: Risk Reduction and Competitive Advantage.
How will Cisco plan to reduce its environmental footprint through modified business practices?
Cisco plans to reduce its environmental footprint by implementing a strategy focused on 100% product return, repair, remanufacture, refurbish, and recycle. This approach aligns with the principles of the circular economy, which aims to keep products and materials in use for as long as possible, thereby minimizing waste and resource consumption. By ensuring that products are returned for repair or remanufacturing instead of being discarded, Cisco reduces the need for new raw materials and cuts down on electronic waste, contributing to a more sustainable supply chain.
This commitment also reflects Cisco's broader goals of reducing carbon emissions, promoting resource efficiency, and fostering sustainability across its product lifecycle.
Environmental Sustainability References:
Cisco. (2022). Circular Economy and Product Lifecycle Strategies for Sustainability.
Ellen MacArthur Foundation. (2021). Cisco's Role in the Circular Economy and Reducing Environmental Impact.
World Economic Forum. (2021). Sustainability Through Circular Practices in Technology Companies.
By which year does Cisco plan to achieve net zero for our global Scope 1 and 2 emissions, which covers its direct operations?
Cisco plans to achieve net-zero emissions for Scope 1 and 2 by 2030, which covers its direct operations, including energy use in its buildings and facilities. Scope 1 refers to direct emissions from owned or controlled sources, such as fuel combustion, while Scope 2 refers to indirect emissions from the generation of purchased electricity, steam, heating, and cooling. To meet this goal, Cisco is focusing on energy efficiency improvements, transitioning to renewable energy sources, and reducing its overall carbon footprint in its global operations.
This target is part of Cisco's broader commitment to sustainability and aligning with international climate agreements.
Environmental Sustainability References:
Cisco. (2021). Cisco's Net Zero by 2030 Strategy for Scope 1 and 2 Emissions.
United Nations Framework Convention on Climate Change (UNFCCC). (2021). Corporate Net Zero Commitments and Timelines.
World Economic Forum. (2021). Corporate Sustainability and Carbon Neutrality: Cisco's 2030 Net Zero Goal.
To how many countries have RACHELs been deployed?
RACHELs (Remote Area Community Hotspot for Education and Learning) have been deployed to 61 countries around the world. These devices are designed to provide offline access to educational resources in areas with limited or no internet connectivity. By storing educational content such as videos, textbooks, and reference materials, RACHELs play a vital role in bridging the digital divide and supporting educational efforts in remote and underserved regions.
RACHEL devices are particularly beneficial in developing countries and areas affected by infrastructure challenges, allowing communities to access valuable information without needing an active internet connection.
Environmental Sustainability References:
World Possible. (2022). RACHEL: Expanding Educational Access Across 61 Countries.
UNESCO. (2021). RACHEL and the Role of Offline Educational Technology in Developing Regions.
United Nations Development Programme (UNDP). (2022). Technology Solutions for Education in Remote Areas.
