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Annual Return for FY 2024-25
Notice of AGM for FY 2024-25
Planet
We respect our planet.
Our approach: Sustainable Operations, Value-Chain and Ecosystem
We are future-focused and, to protect our digital way of life, we must also commit to bold climate action. Actions we take must be immediate, grounded in data, with science as the guardrails to sound strategies. We believe that now is the time to set ambitious science-based targets, advocate for climate policy, and collaborate with customers, partners and suppliers to create data-driven solutions. We:
Inform, engage and inspire our employees to have a positive environmental impact
Deploy best-in-class environmental initiatives across our corporate footprint
Design and distribute our products and services with minimal environmental disruption
Collaborate with our stakeholders to encourage adoption of similar environmental practices
Making a lasting impact with a science-based climate strategy
In addition to setting 100% renewable energy and two Net Zero goals, Palo Alto Networks set three Science-Based Targets (SBTs): 1.5° Celcius-aligned for Scopes 1+2, and two Scope 3 targets that are across our entire value chain, and cover over 90% of our greenhouse gas emissions. The Science-Based Targets Initiative (SBTi) validated all of our targets in 2023.
Near-term Science-based targets (2027):
- SCOPE 1 AND 2: SUSTAINABLE OPERATIONS Palo Alto Networks commits to reduce absolute scope 1 & 2 GHG emissions 35% by the end of fiscal 2027 from a fiscal 2021 base year.
- SCOPE 3: SUSTAINABLE VALUE CHAIN — SUPPLIERS Palo Alto Networks commits that 65% of its suppliers, by emissions covering purchased goods and services, will set Science-Based Targets by the end of fiscal 2027.
- SCOPE 3: SUSTAINABLE VALUE CHAIN — CUSTOMERS Palo Alto Networks commits to reduce Scope 3 emissions from the use of our sold products by 40% per million USD (Gross Profit) by the end of fiscal 2027 from a fiscal 2021 base year.
Long-term strategy of Net Zero emissions:
- We commit to achieve Net Zero across our Scope 1 and 2 emissions by the end of fiscal 2030, by eliminating emissions by 90% from a fiscal 2021 base year, and mitigating any remaining emissions through carbon removal investments.
- We commit to achieve Net Zero across all Scope 1, 2 and 3 emissions by the end of fiscal 2040, by eliminating emissions by 90% from a fiscal 2021 base year, and mitigating any remaining emissions through carbon removal investments.
We disclose our environmental impacts, risks, and opportunities to CDP as part of our commitment to transparency.
Palo Alto Networks reports annually to CDP Climate and has since 2020. We post all of our CDP Climate disclosure here so that shareholders, customers, suppliers, and employees can stay updated on our:
- 1.5°C-aligned Science-Based Targets, verified by the Science-Based Targets Initiative,
- Net Zero (2030 & 2040) and RE100 goals,
- Climate risks and opportunities, and the strategies to achieve them.
- We post our greenhouse gas inventory which is assessed and verified by 3rd parties.
- Disclosures responsive to AB 1305: Voluntary Carbon Markets Act can be found in our 2023 CDP Climate Report.
We give our voice to climate coalitions and policy advocacy.
Just as we partner with others to address global cybersecurity challenges, we recognize the value of joining forces to address the climate crisis. Palo Alto Networks is actively involved in the following coalitions and advocates for environmental stewardship:
Alliance of CEO Climate Leaders: The Alliance is a global community of business leaders who use their position and influence to drive bold, corporate climate action. Members set ambitious targets, actively seek to reduce emissions within their own businesses, and in doing so, inspire other companies to do the same.
We Mean Business: This global nonprofit coalition works with the world's most influential businesses to take action on climate change.
The Climate Pledge: We've made a pledge to reach net zero carbon emissions by 2040. Companies and organizations that sign the pledge agree to regular reporting on greenhouse gas emissions, carbon elimination through business change and innovations, and credible offsets to neutralize any remaining emissions to achieve net zero annual carbon emissions by 2040.
Science Based Targets initiative (SBTi): The SBTi, a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets. The SBTi call to action is one of the We Mean Business Coalition commitments.
Ceres Policy Network: Business for Innovative Climate and Energy Policy (BICEP): Founded in 2009, the Ceres BICEP Network helps companies voice their support for the policies our economy urgently needs to prevent the dire financial and material risks of the climate crisis, while unleashing new industries, jobs, and growth as part of the solution.
Our workforce serves as climate ambassadors
With a global workforce more than 12,500 strong, employees have a multiplier effect on climate impact. Through green teams active in all regions, we're able to increase awareness of eco-friendly behaviors that align with our climate commitment. From park and waterway cleanups to environmental information sessions or activities that focus on the intersection between the environment, recreation and wellbeing, green teams have a hands-on and meaningful impact around the globe.
They set out aiming for the distance from headquarters to our London office and ended up with the distance of a lap around the world! All because of our generous, caring, and determined employees.
Happy Friday! Here's a weekend activity for a good cause. 🌎 🌍 🌏 Share your pictures and tag us. We are doing all of this for one reason and one reason only. There is #NoPlanetB #EarthDay2021 #TakingAction #GreenEducation
🌱 Our first ANZ Corporate Responsibility event happened on 10th November where employees around Australia and New Zealand took to their local streets, parks, and beaches to clean up their communities. Amazing participation rate, lots of laughs…
People
We uplift our communities.
We are inspiring, teaching and empowering the next generation of cybersecurity experts and advocates.
The responsible use of technology is central to our vision of a world where each day is safer and more secure than the one before. As a cybersecurity leader, we see firsthand that the number of cyber threats is increasing as the security landscape becomes more and more complex. The COVID-19 pandemic accelerated changes in how we learn, connect and socialize, and it exposed how some communities are more vulnerable than others to cybercrime.
Although many of our youth are native to digital environments, they can often lack security awareness and the habits needed to keep themselves safe online. Similarly, individuals who are adapting to the current digital landscape at their own pace, such as seniors, also find it challenging to navigate the internet safely. In addition to this, the cybersecurity industry continues to experience high demand for qualified, available and diverse talent in the workforce. At Palo Alto Networks, we are both deeply committed and uniquely positioned to address these challenges.
Through our various programs we provide free, high-quality, educational content and tools that demystify technical concepts, increase digital literacy, and cultivate generations of responsible digital citizens. At the same time, we also inspire youth and prepare young professionals to pursue future careers in cybersecurity while upskilling and diversify the workforce of today.
Our education programs align to our Inclusion & Diversity initiatives and aim to break through traditional boundaries of background and gender to empower the next generation of cybersecurity experts. Our Global Cybersecurity Education Fund is set up to fund cybersecurity education programs and inspire students to pursue careers in technology.