GlobalData offers a comprehensive analysis of Fortinet, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Fortinet‘s ESG performance. GlobalData’s company profile on Fortinet offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Fortinet, a cybersecurity company, has set target for net zero by 2030 as part of its sustainability efforts. In 2022, the company achieved an average reduction of 66% in product energy consumption. The company has implemented 100% biodegradable packaging for the FortiGate-40/60/70F series. The company reported Scope 1 & Scope 2 emissions of 1,205.6 mtCO2e and 4,751 mtCO2e respectively The company has started calculating its Scope 3 emissions for various categories in 2022, which has amounted to 3,812,368 mtCO2e. The categories include purchased goods and services, capital goods, fuel- and energy-related activities, transportation and distribution (upstream and downstream), waste generated in operations, business travel, employee commuting, leased assets (upstream and downstream), use of sold products, and end-of-life treatment of sold products. The GHG emission intensity was at 1.35E-06.The company has also generated 67.1 tonnes of e-waste and 11.2 tonnes of recyclable waste.
Fortinet tracks and discloses its greenhouse gas (GHG) emissions in accordance with the Greenhouse Gas Protocol and the ISO14064-1 Standard. The company reports on its Scope 1, Scope 2, and Scope 3 emissions, as well as GHG emission intensity metrics on an annual basis. To reduce its emissions, Fortinet is taking steps to mitigate Scope 1 and Scope 2 emissions in its owned facilities, as well as Scope 3 energy usage and electricity emissions in its leased facilities. The company is working cross-functionally to achieve carbon neutrality and is integrating its Scope 3 emissions into its decarbonization plan. Fortinet aims to collaborate with suppliers and vendors to ensure their climate action plans align with its net-zero goals.
Overall, Fortinet is committed to sustainability and has set ambitious net-zero targets. The company is actively working to reduce its emissions and has made progress in tracking and disclosing its GHG emissions. By investing in renewable electricity and collaborating with stakeholders, Fortinet is taking steps towards achieving its net-zero goals and contributing to the fight against climate change.
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