Intro Power Inclusive Future For All FY23 Purpose Report | 40 Looking Ahead Growing an ecosystem for climate 昀椀nance Addressing the climate crisis is not only a matter of keeping carbon in the ground and out of the atmosphere. It’s also about putting money in the right places—speci昀椀cally, with organizations and solutions that are working on decarbonization solutions and programs PROGRESS TOWARD CISCO that can lead to a regenerative future. FOUNDATION'S COMMITMENT TO FUND US$100M IN CLIMATE An estimated US$125 trillion is needed to achieve net zero globally, including investments SOLUTIONS THROUGH FISCAL 2030 in clean energy, agriculture, food, and land use. While many businesses have begun to invest in decarbonization, there is still not nearly enough money where it’s needed, US$10.1 million particularly in terms of funding for early-stage solutions. Currently, less than 2 percent 1 in grants since 昀椀scal 2021 of philanthropic dollars goes toward addressing climate change. As with the need to draw down carbon and regenerate depleted ecosystems before it’s too late, we need US$9.7 million to catalyze investments in the right places—and fast. 1 in investments since 昀椀scal 2021 In 2021, the Cisco Foundation committed to fund US$100 million in climate solutions over the next 10 years. The funding takes two main forms: impact investments in for-pro昀椀t ventures and grant funding for nonpro昀椀ts and NGOs. This innovative blended 昀椀nance approach allows the Cisco Foundation to seek out and scale the best solutions, no matter their pro昀椀t model or 昀椀nancing avenues available to support such early-stage ventures. The Cisco Foundation’s focus on systems change connects disparate stakeholders and encourages capital 昀氀ows. As a result, the Cisco Foundation partners with 昀椀nancing organizations that provide funding to others. These include Enduring Planet, which To bring about a more sustainable future, entirely new levels of innovation and investment are necessary. The provides revenue-based 昀椀nancing and grant advancements that allow climate startups to continue operating while they wait for grant funding. Another partner, Trailhead Capital, Cisco Foundation has responded to this call. I’m con昀椀dent backs entrepreneurs building innovations for regenerative food and agricultural systems. that our blended 昀椀nance approach will inspire other corporate foundations to 昀椀ll key climate 昀椀nance gaps and For Vesta, a hybrid nonpro昀椀t/public-bene昀椀t enterprise, the Cisco Foundation provided both initial grants and an early-stage impact investment for coastal carbon capture. drive forward high-impact, inclusive climate solutions.” - Jocelyn Matyas, Lead, Cisco Foundation Climate Impact Investing 1 T otals may vary from the summation due to rounding.