Potential offtaker

Palo Alto Networks

www.paloaltonetworks.com

Estimated electricity consumption

N/A

Countries of production presence

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Palo Alto Networks is a leading cybersecurity company headquartered in Santa Clara, California. The company was founded in 2005 by Nir Zuk, a former engineer at Check Point Software Technologies. Palo Alto Networks offers a range of security products and services to protect organizations from cyber threats, including firewalls, endpoint protection, cloud security, and threat intelligence.

In recent years, Palo Alto Networks has made a commitment to decarbonisation and reducing its carbon footprint. The company has set a goal to achieve net-zero greenhouse gas emissions by 2030, and has implemented a number of initiatives to achieve this goal.

One of the key initiatives that Palo Alto Networks has implemented is a focus on corporate energy. The company has invested in energy-efficient technologies and has implemented energy-saving measures across its operations. For example, the company has installed LED lighting and motion sensors in its offices to reduce energy consumption, and has implemented a virtualization strategy to reduce the number of physical servers needed to run its IT systems.

Palo Alto Networks has also implemented a corporate power purchase agreement (PPA) to support the development of renewable energy. In 2019, the company signed a 12-year agreement to purchase 100 megawatts of wind energy from a wind farm in Texas. This PPA will provide Palo Alto Networks with renewable energy credits that it can use to offset its carbon emissions.

In addition to its corporate PPA, Palo Alto Networks has also invested in renewable energy projects through its philanthropic arm, the Palo Alto Networks Foundation. The foundation has supported a number of renewable energy projects, including the installation of solar panels on schools and community centers in underserved communities.

Palo Alto Networks has also made a commitment to reduce the environmental impact of its supply chain. The company has implemented a supplier code of conduct that requires its suppliers to adhere to environmental and social responsibility standards. Palo Alto Networks also works with its suppliers to identify opportunities to reduce their carbon footprint and improve their sustainability practices.

Overall, Palo Alto Networks is a company that is committed to decarbonisation and reducing its environmental impact. The company has implemented a range of initiatives to achieve this goal, including a focus on corporate energy, a corporate PPA for renewable energy, and a commitment to sustainability in its supply chain. As a leading cybersecurity company, Palo Alto Networks is setting an example for other companies in the sector to follow in their efforts to reduce their carbon footprint and support the transition to a more sustainable future.

✓ Science Based Targets member
✓ Declared Net Zero commitment