Ken Xie, Founder, Chairman of the Board,
and CEO at Fortinet“Our commitment to sustainability is
critical to help address today’s societal challenges while
supporting the long-term success and resilience of our business. As
part of this commitment, our work in building a safer digital world
has become mission-critical and essential to our society and
economy. While we are proud of the progress in this year’s
sustainability report, we are mindful that advancing our
sustainability goals and efforts is a continuous journey of
improvement."
News Summary
Fortinet® (NASDAQ: FTNT), the global
cybersecurity leader driving the convergence of networking and
security, today released its 2023 Sustainability Report. This
annual report outlines the company's approach, commitments, and
progress on the sustainability issues that matter most to Fortinet
and its stakeholders, including employees, investors, suppliers,
partners, and customers.
As detailed in the report, Fortinet’s
sustainability approach has four pillars: addressing cyber risks to
society, diversifying cybersecurity talent, respecting the
environment, and promoting responsible business across its
value chain. In support of the company’s commitment to
sustainability and the Sustainable Development Goals (SDGs),
Fortinet joined the UN Global Compact in 2023 and adheres to its
human rights, labor, environment, and anti-corruption principles.
Additionally, Fortinet was recognized in the 2023 Dow Jones
Sustainability Indices (DJSI) World and North America indices for
the second year as a testament to the company’s ongoing
sustainability efforts and dedication to building a more
sustainable future for all.
Highlights from the Fortinet 2023 Sustainability
Report include:
- Progress toward net-zero greenhouse gas emission
targets: The company continues investing in green energy
sources, including its new garage space in Sunnyvale, where solar
panels will cover the power needs of Fortinet’s headquarters and
nearby owned sites. In 2024, Fortinet will submit its
decarbonization plan to the Science-Based Targets initiative (SBTi)
for validation.
- Improving product energy efficiency: Fortinet
continues to improve the power efficiency of its FortiGate
appliances—its 2023 models consume, on average, 62% less power than
the previous generation of equivalent models.
- Sustainable packaging: Fortinet continues to
explore and introduce packaging made from biodegradable materials,
applying it to more than 60 models across its product lines. The
eco-friendly packaging manufactured in 2023 helped Fortinet avoid
an estimated 455 tons of CO2 emissions.
- Progress toward training 1 million people in
cybersecurity by 2026: As of December 31, 2023, Fortinet
stands at 43% of its five-year goal. Last year, the company
expanded its efforts to close the cyber skills gap by providing
free access to various curricula, fostering online safety awareness
and nurturing future cybersecurity professionals among
students.
- Diversity, Equity, and Inclusion (DEI): In
2023, Fortinet strengthened its internal leadership development
program to further drive a focus on inclusion. As a result, over
340 Fortinet leaders were trained to foster inclusion.
- Partnerships to disrupt cybercrime: Fortinet
continues expanding its collaboration efforts to combat cybercrime.
In 2023, the company joined the Joint Cyber Defense Collaborative
(JCDC) and through the INTERPOL Gateway program contributed to the
arrest of 15 cybercriminal groups and the prevention of $40 million
in financial losses.
- Commitment to ethical business
practices and legal compliance: In 2023, 100% of the
company’s distributors and key contract manufacturers completed
Fortinet’s business ethics and compliance training, acknowledging
their alignment with Fortinet’s values and principles.
- Information security and privacy: Fortinet
launched its Trust Resource Center to offer customers visibility on
certifications, compliance, and security information. Fortinet also
renewed information security certifications and examinations and
completed new ones, including expanding the products and services
covered by ISO 27001, SOC 2, and HIPAA.
Fortinet’s 2023 Sustainability Report references
the Task Force on Climate-related Financial Disclosures (TCFD), the
Global Reporting Initiative (GRI) Standards, Sustainability
Accountability Standards Board (SASB) Standards, and the United
Nations Sustainable Development Goals (UN SDGs). The report details
Fortinet’s progress and metrics across eight priority issues:
innovating for a safe internet, information security and privacy;
product environmental impacts; environmental management and climate
change impacts; diversity, equity, and inclusion; cybersecurity
skills gap; business ethics; and responsible product use.
Additional Resources
- Read the full
Fortinet 2023 Sustainability Report.
- Learn more about
Fortinet’s Corporate Social Responsibility vision and
approach.
- Follow Fortinet
on LinkedIn, X, Instagram, Facebook,
and YouTube. Subscribe to Fortinet on our blog.
About FortinetFortinet (NASDAQ: FTNT) is a
driving force in the evolution of cybersecurity and the convergence
of networking and security. Our mission is to secure people,
devices, and data everywhere, and today we deliver cybersecurity
everywhere you need it with the largest integrated portfolio of
over 50 enterprise-grade products. Well over half a million
customers trust Fortinet's solutions, which are among the most
deployed, most patented, and most validated in the industry. The
Fortinet Training Institute, one of the largest and broadest
training programs in the industry, is dedicated to making
cybersecurity training and new career opportunities available to
everyone. Collaboration with high-profile, well-respected
organizations from both the public and private sectors, including
CERTs, government entities, and academia, is a fundamental aspect
of Fortinet’s commitment to enhance cyber resilience globally.
FortiGuard Labs, Fortinet’s elite threat intelligence and research
organization, develops and utilizes leading-edge machine learning
and AI technologies to provide customers with timely and
consistently top-rated protection and actionable threat
intelligence. Learn more at https://www.fortinet.com, the Fortinet
Blog, and FortiGuard Labs.
FTNT-O
Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols
® and ™ denote respectively federally registered trademarks and
common law trademarks of Fortinet, Inc., its subsidiaries and
affiliates. Fortinet’s trademarks include, but are not limited to,
the following: Fortinet, the Fortinet logo, FortiGate, FortiOS,
FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC,
FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC,
FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam,
FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera,
FortiCarrier, FortiCASB, FortiCentral, FortiConnect,
FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS,
FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR,
FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB,
FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink,
FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest,
FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence,
FortiProxy, FortiRecon, FortiRecorder, FortiSASE,
FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch,
FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN,
FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other
trademarks belong to their respective owners. Fortinet has not
independently verified statements or certifications herein
attributed to third parties and Fortinet does not independently
endorse such statements. Notwithstanding anything to the contrary
herein, nothing herein constitutes a warranty, guarantee, contract,
binding specification or other binding commitment by Fortinet or
any indication of intent related to a binding commitment, and
performance and other specification information herein may be
unique to certain environments.
Media Contact: |
Investor Contact: |
Analyst Contact: |
|
|
|
Stephanie Lira |
Peter Salkowski |
Brian Greenberg |
Fortinet, Inc. |
Fortinet, Inc. |
Fortinet, Inc. |
408-235-7700 |
408-331-4595 |
408-235-7700 |
pr@fortinet.com |
psalkowski@fortinet.com |
analystrelations@fortinet.com |
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