Global tech company, Cisco, has announced that it is launching a payment solution called Cisco Green Pay that supports the circular use of sustainable technologies. The offer hopes to enable customers to enter the circular economy and help them meet their sustainability goals. At the end of the term, the product is recovered by Cisco free of charge.
“Environmental, social and corporate responsibility is not only embedded in our business practices and products, but they are also a priority for our customers,” said Wendy Mars, EMEAR President, Cisco. “This new payment solution for Cisco sustainable technology offers our customers reliable IT solutions that consume fewer resources and ensures they are benefiting from the latest innovation.”
Cisco Green Pay offers a five per cent incentive on Cisco hardware, predictable payments for five years, and free product returns. When the equipment is returned, the customer receives a certificate confirming that it has entered the circular economy. This applies to Cisco’s sustainable technologies range, including Green Meraki, IoT portfolio, smart buildings, and Service Provider infrastructure. It is hoped that this initiative will also accelerate Cisco’s commitment to 100 per cent product return, and support its goal to be net-zero by 2040.
According to the Ellen McArthur Foundation, the circular economy can contribute to tackling the 45 per cent of global greenhouse gas emissions that cannot be resolved by transitioning to renewable energy alone. Circularity is one of the main building blocks of Europe’s new agenda for sustainable growth, and environmental sustainability is becoming critical for IT departments in EMEA. Of 311 channel partners surveyed by Canalys in March 2022, one in four EMEA respondents reported that environmental sustainability is included in over a third of customers’ requests for proposals received. Cisco Green Pay enables customers to address the growing concerns related to the sustainability of their technology.
“Cisco Green Pay introduces a circular payment model that minimises waste, making it easier for customers to build a sustainable IT strategy and to reach their environmental, social, and governance goals,” said Guido Kessler, Cisco Capital EMEA Sales Leader. “With this payment solution, Cisco can meet customers’ needs for more predictability and sustainability.”