Fortinet, a global leader in cybersecurity driving the convergence of networking and security, has released its 2023 Sustainability Report. This comprehensive annual report outlines the company’s approach, commitments, and progress regarding sustainability issues critical to Fortinet and its stakeholders, including employees, investors, suppliers, partners, and customers.
The report delineates the company’s sustainability strategy, which revolves around four pillars: addressing cyber risks to society, diversifying cybersecurity talent, respecting the environment, and promoting responsible business practices across its value chain. In 2023, Fortinet reinforced its sustainability commitment by joining the UN Global Compact and aligning with its principles on human rights, labour, environment, and anti-corruption. Furthermore, the company’s recognition in the 2023 Dow Jones Sustainability Indices (DJSI) World and North America indices for the second consecutive year underscores its sustained efforts towards sustainability and building a more sustainable future.
Key highlights from the Fortinet 2023 Sustainability Report include:
- Progress towards achieving net-zero greenhouse gas emissions targets, with investments in green energy sources and plans to submit a decarbonisation plan to the Science-Based Targets initiative (SBTi) in 2024.
- Ongoing efforts to enhance product energy efficiency, resulting in 62 per cent less power consumption for FortiGate appliances compared to previous models.
- Introduction of sustainable packaging made from biodegradable materials, reducing an estimated 455 tons of CO2 emissions in 2023.
- Advancement towards training 1 million individuals in cybersecurity by 2026, with 43 per cent progress achieved by the end of 2023 and expanded initiatives to bridge the cyber skills gap.
- Strengthening of Diversity, Equity, and Inclusion (DEI) efforts, including leadership development programmes focused on fostering inclusion, with over 340 Fortinet leaders trained in 2023.
- Collaboration initiatives to combat cybercrime, including participation in the Joint Cyber Defense Collaborative (JCDC) and the INTERPOL Gateway programme, leading to the arrest of 15 cybercriminal groups and prevention of US$40 million in financial losses.
- Commitment to ethical business practices and legal compliance, demonstrated by 100 per cent completion of business ethics and compliance training by the company’s distributors and key contract manufacturers.
- Enhancements in information security and privacy measures, such as the launch of the Trust Resource Center and renewal of information security certifications.
Fortinet’s 2023 Sustainability Report adheres to frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD), Global Reporting Initiative (GRI) Standards, Sustainability Accountability Standards Board (SASB) Standards, and United Nations Sustainable Development Goals (UN SDGs). The report provides comprehensive insights into the company’s progress and metrics across eight priority areas, including innovating for a safe internet, environmental management, diversity, equity, and inclusion, among others.
