Fortinet Commits to UN Global Compact

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by KnowESG
KnowESG_Fortinet Commits to UN Global Compact
Image courtesy of Freepik

Fortinet, the prominent global cybersecurity leader driving the integration of networking and security, has made a significant announcement by joining the United Nations Global Compact (UNGC) initiative.

This initiative serves as a voluntary platform for fostering, implementing, and disclosing responsible business practices.

The UN Global Compact urges businesses to harmonise their strategies and operations with the Ten Principles, which encompass areas like human rights, labour, environment, and anti-corruption.

It also encourages active support for the UN's Sustainable Development Goals (SDGs). Since its inception in 2000, the UN Global Compact has grown to become the world's largest corporate sustainability initiative, boasting a membership of over 15,000 organisations and 3,000 non-business signatories in over 160 countries.

By becoming a part of the UN Global Compact, Fortinet demonstrates its commitment not only to sustainability but also to heightened transparency.

Participation in this initiative entails annual reporting on a company's adherence to universal sustainability principles and development goals.

Fortinet, through its sustainability materiality assessment, has identified six UN SDGs where it can make a meaningful impact: Gender Equality (5), Affordable and Clean Energy (7), Decent Work and Economic Growth (8), Reduced Inequalities (10), Climate Action (13), and Quality Education (4).

Expanding on Fortinet's Corporate Social Responsibility Initiatives

Fortinet's dedication to ethical and responsible business practices is founded on a robust corporate governance structure and unwavering ethical standards that safeguard the trust of its employees, customers, partners, and stakeholders.

The board of directors diligently oversees governance practices to ensure their appropriateness. Fortinet boasts a cross-functional ethics committee that takes concrete steps to cultivate a culture of ethics and integrity.

Comprehensive programmes are in place to ensure that Fortinet's employees, suppliers, and partners are well-versed in and compliant with all company policies, codes of conduct, and core values, including those relating to anti-corruption, conflict minerals, human rights, modern slavery, and whistleblower protection.

A recent testament to this commitment is Fortinet's establishment of a third-party risk management committee in 2023, which is geared towards reviewing and further enhancing the company's anti-corruption programme.

In addition to these efforts, Fortinet places a strong emphasis on environmental responsibility, focusing on mitigating the impact of climate change and reducing its environmental footprint across its solutions, operations, and broader value chain.

The company is actively working towards achieving net-zero emissions for both scope 1 and scope 2 emissions by 2030, encompassing its global offices, warehouses, and data centres.

Fortinet has also publicly committed to the science-based target initiative (SBTi). The company enhances its environmental credentials by continually striving to make its products more efficient in terms of power consumption, space utilisation, and cooling requirements.

Furthermore, Fortinet's dedication to environmental sustainability is evident in its product innovation and manufacturing standards, its initiatives to extend the lifespan of products through repair, reconditioning, and material recycling, as well as its strong support for environmental policies and regulations.

For more company-related news

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Source: Fortinet

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