Palo Alto Networks Inc

Lobbying Governance

AI Extracted Evidence Snippet Source

Among the most important elements of our Sustainable Ecosystem is climate, clean energy and cybersecurity policy advocacy. In the past year we have supported a number of important policy pieces, including Ceres' sign-on for SEC disclosure support, the WEF Alliance of CEO Climate Leaders Message for COP27, ITI's disclosure of Greenhouse Gas Emissions and Climate-Related Financial Risk, among others. We believe policy support is the most important thing we can do to proliferate renewable energy, solve environmental injustice, and keep everyone safe online.

https://www.paloaltonetworks.com/blog/2023/06/data-driven-goals-and-science-based-strategy/

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The attached FY21 ESG Supplement to the SEC 10-K report describes our commitment to setting and achieving our 1.5C Science-Based Targets. This includes:
Scope 1 and 2: Reduce emissions by 75% from 2021 to 2027
Scope 3 Supply Chain: Suppliers representing 65% of purchased goods and services by spend to set Science-Based Targets by 2027
Scope 3 Product Use ("Use of Sold Products†): Reduce tonnes CO2e per $USD gross profit by 35.3% (compounded 7%/year) from a 2021 baseline by 2027-end
We use our SBTs and 100% renewable energy goal to engage directly with policy makers, in our engagement with trade associations (ex. ISS, WEF Climate, The Climate Pledge, GreenBiz Executive Network, etc. but we do not have relationships with the Chamber of Commerce or Business Roundtable), and with leading NGOs (Ceres, ITI, Silicon Valley Leadership Group (SVLG), etc.). In every case, our engagement includes policy to advance cybersecurity; climate, clean energy, and sustainability; and the intersection of all of these. As examples, in 2021 we engaged in meetings with state and federal policy makers, signed inclusion into The Climate Pledge, and signed support of WEF Climate's Alliance for CEO Letter.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023