I truly believe that we are at our best when we combine our business strength with our desire to do good things in the world.
This year at Cisco, we committed to positively impact the lives of one billion people by 2025. While this is an ambitious goal, it is one I truly believe that we can achieve. One of the ways we can make a difference is through our work with cities around the world. In October 2016, we launched Cisco’s first ‘Lighthouse City’ in Washington, DC to illustrate how transformative our technology can be in the lives of so many. The smart city infrastructure we’re building there – from smart streetlights to water monitors – will make sustainable lifestyles more achievable for thousands of people. We’re also making additional investments in our Cisco Network Academy program to enable more people to get trained in the skills needed to participate in the digital economy. We are also investing in innovative, early-stage nonprofit solutions that use technology to address social and environmental challenges.
As we commit to making a difference in the lives of people around the world, we remain deeply committed to improving what we do at Cisco. Beginning in FY14, and by the end of our four-year program in FY17, we will have implemented over 450 energy efficiency and renewable energy projects—100 this past year alone—with a net present value of $69M over ten years. When these projects are complete, they will collectively avoid 140 GWh of energy each year. We are also piloting an Internet of Things (IoT) factory of the future with a manufacturing partner, using thousands of sensors to measure the energy consumption of systems and equipment as part of a range of initiatives to reduce the footprint of our extended operations.
In addition, our circular economy program is working to increase used product returns for resale or recycling, study leasing and as-a-service models to facilitate return and reuse, implement IoT technologies for improved asset tracking, maintenance and operations, and improving product and packaging design.
I truly believe that we are at our best when we combine our business strength with our desire to do good things for the world. With the massive increase of people and things becoming connected in the years ahead, we will have even more opportunities to change the world for good, and I can’t wait to see what we will accomplish.