Fortinet Announces Commitment to Become Carbon Neutral by 2030 and Completes Net-Zero Sunnyvale Headquarter Campus

Fortinet Takes Concrete Action on Environmental Sustainability and Commits to Transparent Disclosure on its Contribution to Climate Change Mitigation

News Summary

Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today announced its environmental sustainability commitment to become carbon neutral by 2030, and the completion of its new net-zero Sunnyvale headquarter campus as part of its broader commitment to social responsibility.

Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet

“Fortinet has led every evolution of cybersecurity innovation over the past two decades. Innovation that drives environmental sustainability is also core to our efforts to making the world a safe and sustainable place to live and work. We believe it is our corporate responsibility to continue to reduce the environmental footprint of our products and continue to adopt responsible approaches in our daily operations. The announcement of our 2030 net-zero target and our new net-zero corporate headquarters are concrete proof points of our commitment.” 

In alignment with the Science-Based Target Initiative (SBTi) methodology and global efforts to reduce carbon emissions, Fortinet will become carbon-neutral by 2030 through the use of renewable energy, energy and carbon efficiency methodologies, and emissions offset programs across its owned operations globally, including offices, warehouses, and data centers.  Currently, Fortinet has measured its Scope 1 and 2 emissions and will capture the inventory of its Scope 3 emissions in 2022. This information will be disclosed in Fortinet’s first sustainability report to be published by mid 2022.

Fortinet’s Corporate Social Responsibility (CSR) includes delivering on our company vision – a digital world you can always trust – by innovating sustainable security technologies, diversifying cybersecurity talent, and promoting responsible business across our value chain. Through its CSR approach, Fortinet remains committed to respecting the environment and complying with evolving guidelines and regulations related to environmental sustainability, as overseen by its Social Responsibility Committee—a board-level committee created to oversee the company’s objectives, strategy and risks relating to sustainability and corporate social responsibility, including Environmental, Social and Governance matters.

A proof point of Fortinet’s dedication to environmental sustainability is the development and completion of Fortinet’s new corporate headquarters building, which is on-track to become LEED-Gold Certified. The Sunnyvale campus is an honoree in the “Office/R&D Build” category of the 2021 Silicon Valley Business Journal Structures Awards and uses 30% less energy than a standard building. Key features in the building that help reduce environmental impact include photovoltaic panels and a radiant cooling system that conserves energy and will save 76,600 gallons of water per year. These environmental-minded features, such as the use of solar panels and purchased renewable energy in the company’s owned facilities across North America and Europe, align with Fortinet leadership’s long engagement in the concept of sustainability.  

Climate change continues to pose a significant threat, and all business and public organizations around the globe must do their part to address it. Further to efforts in its own operations, Fortinet is focused on reducing the environmental footprint of its customers by innovating highly efficient, integrated appliances and cloud-based security solutions.

Years of dedicated innovation and the development of the industry’s only security-focused processors built for unparalleled power and efficiency, have allowed Fortinet to integrate multiple security and networking functions into a single appliance,

saving on energy, space and cooling. As a result, Fortinet’s FortiGate security appliances provide its customers with power consumption that is 3 to 16 times lower than its competitors’ solutions and unequalled product environmental sustainability impact.

Kodak Alaris Wins Award for Innovative Property Management Solution from Ephesoft

Ephesoft, Inc., a leader in intelligent document processing (IDP), automation and data enrichment solutions, presented Kodak Alaris with an award for the Most Innovative Property Management Solution. The accolade was bestowed during Ephesoft’s Hackathon event, where partners were invited to come up with a creative use case for Ephesoft Transact IDP platform. After six weeks, they presented their solution to the Ephesoft Decision Committee, which includes Ephesoft’s CEO, CTO and VP of Product Marketing.

The integrated offering is a result of a global alliance between Kodak Alaris and Ephesoft. Together, we are helping organizations all over the world to simplify and automate their digitization processes through a combination of intelligent document processing software, best-in-class scanners, and professional services. The combination of technologies enables instant data capture from a variety of document types, with automatic separation, classification, extraction, and validation of all data, for seamless delivery into business processes and systems.

The award recognizes an innovative technology collaboration between the two companies, which helps real estate agents to quickly transform physical documents into usable digital data, making it faster and easier to process their clients’ property-related bills.

Real estate agents are required to manage large amounts of paper-based bills linked to rental properties on behalf of their clients. This can be a time-consuming and labor-intensive process. Each billing company has its own document templates, and the inconsistency and varying document quality often presents a data processing challenge.

To streamline this process, Kodak Alaris leveraged the INfuse Smart Connected Scanning Solution to create an automated solution that extracts payment data from property bills and exports it into a desired format. Once captured, documents are transferred to a central point where the information is processed by Ephesoft Transact, enabling payments to be made through the real estate agency’s preferred financial institution. The ability to automatically extract critical data from documents, combined with machine-learning technology for indexing and classification, significantly reduces the time required to process bills.

“We are thrilled to receive this award, which is a tangible endorsement of the value this partnership brings to our customers,” said Vanilda Grando, Global Business Development Director at Kodak Alaris. “This global alliance provides organizations with access to best-in-class solutions to help them drive digital business. The integration of our intelligent capture technologieswith Ephesoft is helping companies across many industries to automate paper-based manual processes, improve data accuracy, and significantly increase operational efficiency.”

Stephen Lee, Vice President of Sales, APAC, Ephesoft added: “The fully integrated KodakINfuse Smart Connected Scanning Solution and Ephesoft Transact offering, provides organizations with a best-in-class solution for image enhancement, capture, classification of varying document types and extraction. The joint solution can be used across many areas to help businesses automate their document-centric processing and provide true ROI, scalability and efficiency improvements. Our combined offering is a perfect fit for organizations looking to modernize their existing legacy applications as well and implement something that is lightweight, easy to use and will drive productivity with minimum maintenance.”

For more information, please visit the Kodak Alaris website.