CISCO SYSTEMS, INC.

(CSCO)
  Report
Real-time Estimate Cboe BZX  -  05/25 03:07:17 pm EDT
44.32 USD   +1.25%
11:24aScotiabank Analysts Discusses Converge Technology's Bookings Backlog, Other Topics with CEO
MT
05/24CISCO : announces first outdoor Wi-Fi 6E ready access point and enhancements for industrial remote operations
PU
05/23CISCO : J.P. Morgan 50th Annual Global Technology, Media & Communication Conference
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sustainability Impact in Financial Services: Improvements to Four Areas

01/13/2022 | 08:11am EDT

At no other time in humankind's history has every government, business, and citizen in the world held the collective responsibility to act with determination to ensure the sustainability of our planet. This large-scale transformation of global societies will require coordinated public/private actions to drive consistent environmental, social, and governance (ESG) business practices and fuel investments in innovation and technology necessary for the greening of global economies. The global community is relying on the financial sector to enable a massive reallocation of capital toward sustainability - exposing unprecedented investment opportunities while mitigating unprecedented risks - to enable a smooth transition to a net-zero world.

This is the goal of sustainable finance which incentivizes the integration of ESG criteria into financial services decision-making to accelerate long-term investment in sustainable economic activities and projects. To accomplish this, financial institutions must demonstrate leadership in their own business practices with a holistic approach that relies greatly on technology for operational transformation.

Embedding sustainability across the business provides financial institutions with needed insights on climate impact disclosure while demonstrating a positive contribution to society. These are vital to the financial sector's role as change agents.

The pandemic has forced institutions to rethink the delivery of financial services and the nature of work. Redesigning around digital-first engagement and hybrid work is helping institutions improve the sustainability of their business, especially in the following four areas:

'Human+Digital' engagement & efficiency

Robust digital engagement capabilities can reduce the necessity of traveling to branches and the use of paper that is common in the delivery of financial products. These capabilities also expand community access to a broader set of financial services professionals thru online appointment scheduling and video-based conferencing. Financial institutions will be able to integrate these capabilities into their workflow automation strategies across business lines leveraging economies of scale for more efficient delivery.

Environmental monitoring, control and optimization

Institutions continue to be look for ways to reduce costs. Implementing network-based environmental monitoring achieves these reductions by optimizing energy usage while simultaneously improving employee satisfaction through automated control of temperature, lighting, CO, smoke, air quality, and other ambient characteristics of physical spaces. Applying artificial intelligence and preference-based automation can further lower costs and improve the experience for all constituents.

Decarbonization and sustainability

As financial institutions optimize and enhance their real estate portfolio for hybrid work, they must include new energy-efficient technologies to meet their sustainability goals. These technologies reduce energy loss, decrease carbon dioxide emissions using low-carbon power sources, and lower output of greenhouse gasses into the atmosphere with net-zero or net-positive building designs.

Future of workspaces

The shift to hybrid work is an opportunity for financial institutions to improve employee work / life balance thru greater flexibility and choice of work location. Flexible work spaces that deliver great user experiences and enable collaboration allow institutions to reduce the amount of physical space and energy usage. Employees choosing to work remote reduces travel and energy consumption while still preserving their ability to collaboration and work effectively.

Achieve sustainability goals

Sustainable finance will play a key role in the transition to a greener economy. Forward-looking financial institutions are analyzing their impact on the planet, aligning sustainability metrics with emerging long-term value, and setting ESG goals to achieve this.

By providing institutions with solutions that help them reach the ESG goals, Cisco is helping the financial services industry drive sustainability and power an inclusive future for all.

Additional Resources

Leading the IT Industry in Combating Climate Change - Cisco Achieves 100% Renewable Energy in U.S
Driving an inclusive recovery: How can Europe secure a digital and sustainable future for all?
Cisco Commits $100 Million to Help Address Climate Crisis

Share:


Disclaimer

Cisco Systems Inc. published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 13:10:06 UTC.


© Publicnow 2022
All news about CISCO SYSTEMS, INC.
11:24aScotiabank Analysts Discusses Converge Technology's Bookings Backlog, Other Topics with..
MT
05/24CISCO : announces first outdoor Wi-Fi 6E ready access point and enhancements for industria..
PU
05/23CISCO : J.P. Morgan 50th Annual Global Technology, Media & Communication Conference
PU
05/23Zoom raises full-year profit view on strong enterprise demand
RE
05/23TRANSCRIPT : Cisco Systems, Inc. Presents at J.P. Morgan’s 50th Annual Global Technol..
CI
05/20DZ Bank Adjusts Cisco Systems Price Target to $45 From $59, Maintains Hold Rating
MT
05/20PUMP / DUMP #32 : This week's gainers and losers
05/20WALL STREET STOCK EXCHANGE : China triggers rebound on Wall Street
05/20ANALYST RECOMMENDATIONS : Apple, Crowdstrike, Lowe's, Lululemon, Nvidia...
05/20Taiwan export orders fall for first time in 2 years, hurt by China lockdowns, global we..
RE
More news
Analyst Recommendations on CISCO SYSTEMS, INC.
More recommendations
Financials (USD)
Sales 2022 51 216 M - -
Net income 2022 11 804 M - -
Net cash 2022 12 642 M - -
P/E ratio 2022 15,5x
Yield 2022 3,42%
Capitalization 182 B 182 B -
EV / Sales 2022 3,30x
EV / Sales 2023 3,08x
Nbr of Employees 79 500
Free-Float 99,9%
Chart CISCO SYSTEMS, INC.
Duration : Period :
Cisco Systems, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CISCO SYSTEMS, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 43,77 $
Average target price 54,37 $
Spread / Average Target 24,2%
EPS Revisions
Managers and Directors
Charles H. Robbins Chairman & Chief Executive Officer
Richard Scott Herren Chief Financial Officer & Executive VP
Jacqueline Guichelaar Group Chief Information Officer & Senior VP
Roland Acra Chief Technology Officer & Senior Vice President
Maria Martinez Chief Operating Officer & Executive Vice President
Sector and Competitors
1st jan.Capi. (M$)
CISCO SYSTEMS, INC.-30.93%181 828
MOTOROLA SOLUTIONS, INC.-21.00%35 910
ARISTA NETWORKS, INC.-30.65%30 731
NOKIA OYJ-18.15%27 586
FOXCONN INDUSTRIAL INTERNET CO., LTD.-23.66%27 169
ERICSSON-22.09%26 642