Cisco launches a circular IT payment model | Executive people

Cisco launched Cisco Green Pay, a payment solution that supports circular use of Cisco sustainable technologies. This solution allows customers to achieve their own sustainability goals. At the end of the life cycle, Cisco takes back the products for free.

“Environmental, social and corporate responsibility is not only a priority for our business practices and products, it is also a priority for our customers,” said Wendy Mars (pictured), President of EMEAR, Cisco. “Cisco’s new sustainable technology payment solution provides our customers with reliable IT solutions that consume fewer natural resources and enable them to benefit from the latest innovations.”

Discount on Cisco Devices and Expected Payments

Cisco Green Pay offers 5% discount on Cisco devices, five-year predictable payments, and free product returns. When returning the device, the customer will receive a certificate confirming that the device is included in the circular economy.

Cisco Green Pay is available for Cisco sustainable technologies, including Green Meraki®, Cisco IoT wallet, smart buildings, and Service Provider (SP) infrastructure. Customers can also bundle Cisco software and services. At the end of the life cycle, customers hand over the equipment or have the option of a one-year extension.

Commitment to sustainability

Cisco Green Pay complements other Cisco sustainability efforts, including the recent launch of its Environmental Sustainability Partner, the Takeback Incentive, and the Send IT Back app. It also accelerates Cisco’s commitment to 100% product revenue and supports Cisco’s goal of achieving net zero emissions by 2040.

Circularity is one of the building blocks of the new sustainable growth agenda in Europe, and environmental sustainability is becoming paramount for IT departments in the EMEA region. Of the 311 channel partners surveyed by Canalys in March 2022, one in four EMEA respondents stated that environmental sustainability is included in more than a third of incoming customer requests. Cisco Green Pay enables customers to address growing concerns about the sustainability of their technology.

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“Cisco Green Pay delivers a circular payment model that reduces waste, making it easier for customers to build a sustainable IT strategy and achieve their ESG goals,” said Guido Kessler, Cisco Capital EMEA Sales Director.

Net Zero Emissions in 2040

Cisco is committed to driving a sustainable, revolving and inclusive future. In 2021, Cisco committed to achieving net-zero emissions by 2040 for all Scope 1, Scope 2, and Scope 3 emissions (including product use, processes, and supply chain), with an interim goal to achieve net zero emissions by 2025. Reachable for all Scope 1 emissions and scope 2 global.

During the World Economic Forum in January 2018, Cisco CEO Chuck Robbins and eight other technology executives signed the Capital Equipment Pledge, in which Cisco pledged to deliver 100% of products on demand, at no cost to customers. Cisco Green Pay helps accelerate this goal by offering a business model that promotes circular IT.

By fiscal year 25, Cisco wants 100% of new Cisco products and packaging to include circular design principles. The Product Return and Reuse Program provides Cisco equipment owners with the opportunity to return equipment at the end of its life at no cost. 99.9% of returned equipment is reused and recycled.

Submit IT Back Application

During fiscal year 2021, Cisco made product return easier by expanding the Send IT Back app. The app is currently available for Android and iOS users in the US, UK and EU, with plans to expand access to other markets around the world.

Cisco Refresh, the Cisco-certified remanufacturer, has reduced its reliance on raw materials and prevented more than 2.5 million pounds (about 1,133,980 kg) from going to landfills last year. The program contributes to Cisco’s sustainability goals and benefits customers who are looking for tangible ways to demonstrate their sustainability commitments.

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Availability

The new payment solution is available in select countries in Europe and the Middle East, including Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, Turkey and the United Kingdom.

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