HANOVER, Md. — August 4, 2021
Ciena (NASDAQ:CIEN, news, filings) recently published its 2020 Sustainability Report that provides an update on its significant progress to help create a more sustainable and connected future. The report highlights Ciena’s achievements across a range of areas including environmental stewardship, impactful social programs, progressive wellbeing initiatives and upstanding governance practices. Additionally, the report details deliberate programming and offsets designed to support Ciena’s pledge for its operations to be carbon neutral by the end of 2023.
“We believe it is vitally important to be good stewards of the Earth, our communities, and our people. Our continued progress across multiple dimensions of sustainability and inclusion is rooted in our people, who are undeniably our single greatest asset,” said Gary Smith, President and Chief Executive Officer, Ciena.
Highlights from Ciena’s Sustainability Report:
- Environmental Stewardship: Ciena’s greatest contribution to the environment is through its technology innovation, which allows customers to ‘do more with less’— less power, space, and cost. As an example, Ciena’s WaveLogic™ technology yields immense sustainable outcomes and has enabled network operators to avoid more than three million metric tons of CO2 emissions during the last decade. Ciena also works with Tree Nation to offset a significant portion of its operational emissions, including the entirety of its fiscal 2019 business travel and energy consumption emissions, which accounted for 43 percent of its total reported emissions in 2020.
- Social Impact: Through its Digital Inclusion initiative, Ciena has committed to fund $10 million (USD) over a five-year period on initiatives that promote digital inclusion through greater connectivity, access to technology and digital skilling, with the goal of expanding opportunities for 100,000 underserved students globally. To date, Ciena has teamed up with Bharti Foundation, Digital Promise, Spark New Zealand and Verizon Innovative Learning to help bridge the digital divide. Additionally, to reinforce its culture of service at a time of global need, Ciena set a corporate goal for the organization to collectively volunteer a minimum of 20,000 hours in fiscal 2021.
- People and Culture: Ciena’s “People Promise” focuses on fostering a workplace environment where its people are empowered, feel included and have an opportunity to make a difference through their work. Ciena cultivates a culture of vibrancy, belonging and happiness, while ensuring the company remains an attractive employer of choice. Ciena prioritizes an inclusive and diverse workplace and provides extensive support for the overall wellbeing of its people from a physical, emotional, financial and social perspective.
- Corporate Governance: A commitment to the highest ethical standards and strong corporate governance are the foundation for trust and long-term success. Ciena’s governance consists of guiding principles and policies that promote independent and diverse voices, backgrounds, and perspectives on its leadership team, Board of Directors, and its workforce.
In addition to these initiatives, Ciena has increased its sustainability efforts by continuing to embrace new immersive collaboration tools to reduce travel, implementing sustainable real-estate energy practices, and evaluating adherence to a science-based target to limit the environmental impact of its operations.
Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive Network™ in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world’s most agile networks with automation, openness and scale. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.
Note to Ciena Investors
You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that are based on our current expectations, forecasts, information and assumptions. These statements involve inherent risks and uncertainties. Actual results or outcomes may differ materially from those stated or implied, because of risks and uncertainties, including those detailed in our most recent annual and quarterly reports filed with the SEC. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.